OSI Systems Receives $25 Million Order for Electronic Sub-Assemblies

  
    
  
  
    
      OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of 
      specialized electronic products for critical applications in the 
      Security and Healthcare industries, today announced that OSI 
      Electronics, a business within its Optoelectronic and Manufacturing 
      division, has received a $25 million order from ITT Corporation for 
      electronic sub-assemblies. The electronic sub-assemblies are to be used 
      by the U.S. Department of Defense (“DoD”) 
      in their Mine Resistant Ambush Protected ("MRAP") armored vehicle 
      program.
    
    
      Additionally, the Company announced that OSI Electronics has received 
      AS9100 registration for its U.S. manufacturing facility in Camarillo, 
      CA. AS9100 certification is the internationally recognized quality 
      management system for the Aerospace and Defense industries.
    
    
      OSI Systems Chief Executive Officer, Deepak Chopra stated, "We are 
      pleased to continue our involvement in this key DoD program; orders 
      to date related to MRAP total approximately $90 million. Receipt of 
      AS9100 certification demonstrates our commitment to deliver superior 
      quality products and services to all our customers across a variety of 
      industries. The certification complements our existing ISO9001:2000 
      while allowing us to expand our manufacturing operations into the 
      Aerospace and Defense industries.”
    
    
      About OSI Systems, Inc.
    
    
      OSI Systems, Inc. is a vertically integrated designer and manufacturer 
      of specialized electronic systems and components for critical 
      applications in the homeland security, healthcare, defense and aerospace 
      industries. We combine more than 30 years of electronics engineering and 
      manufacturing experience with offices and production facilities in more 
      than a dozen countries to implement a strategy of expansion into 
      selective end product markets. For more information on OSI Systems Inc. 
      or any of its subsidiary companies, visit www.osi-systems.com. 
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      This press release contains forward-looking statements within the 
      meaning of Section 27A of the Securities Act of 1933, as amended, and 
      Section 21E of the Securities Exchange Act of 1934, as amended. Such 
      statements include information regarding the Company’s 
      expectations, goals or intentions about the future, including, but not 
      limited to, the Company’s predictions about 
      growth of its manufacturing operations into the aerospace and defense 
      industries. The actual results may differ materially from those 
      described in or implied by any forward-looking statement. Other 
      important factors are set forth in the Securities and Exchange 
      Commission filings OSI Systems, Inc. All forward-looking statements 
      speak only as of the date made, and the company undertakes no obligation 
      to update these forward-looking statements.