OSI Systems Settles SAIC Litigation

  
    
  
  
    
      OSI Systems, Inc. (NASDAQ:OSIS), 
      a vertically-integrated provider of specialized electronic products for 
      critical applications in the Security and Healthcare industries, 
      announced today that its Security Division, Rapiscan Systems, has 
      entered into an agreement settling its litigation with SAIC, Inc.
    
    
      The litigation stemmed from SAIC’s allegations 
      that Rapiscan System’s Gamma-ray based cargo 
      inspection systems infringed upon SAIC’s ‘025 
      patent. Rapiscan System’s position has been 
      that SAIC’s infringement allegations were not 
      only meritless but wrongfully made for improper purposes.
    
    
      Principal terms of the settlement agreement are as follows:
    
    
      
        SAIC agreed that, going forward, it will never allege that Rapiscan’s 
        current and future cargo inspection products infringe SAIC’s 
        ‘025 patent.
      
      
        Each party agreed not to allege that each others’ 
        current and future Gamma-ray based inspection systems infringe on any 
        existing or pending patents.
      
      
        The settlement included a general release of claims.
      
    
    
      Rapiscan Systems’ President, Ajay Mehra, 
      stated, “We have consistently maintained that 
      SAIC’s patent infringement claims were 
      baseless. As such, Rapiscan has agreed to this settlement on the basis 
      that it vindicates our position in the fullest measure.”
    
    
      About OSI Systems, Inc.
    
    
      OSI Systems, Inc. is a Hawthorne, California based vertically-integrated 
      provider of specialized electronic products for critical applications in 
      the Security and Healthcare industries. The company has more than 30 
      years of experience in electronics engineering and manufacturing and 
      maintains offices and production facilities located in more than a dozen 
      countries. OSI Systems implements a strategy of expansion by leveraging 
      its electronics and contract manufacturing capabilities into selective 
      end product markets through organic growth and acquisitions. For more 
      information on OSI Systems, Inc. or any of its subsidiary companies, 
      visit www.osi-systems.com.
    
    
      About Rapiscan Systems
    
    
      Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier 
      of high quality security inspection solutions utilizing X-ray and 
      gamma-ray imaging, and advanced threat identification techniques such as 
      neutron and diffraction analysis. The company’s 
      products are sold into four market segments; Baggage and Parcel 
      Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and 
      People Screening. The company has an installed base globally of more 
      than 50,000 security and inspection systems. The Rapiscan Systems 
      product line is manufactured at four locations and supported by a global 
      support service network. For more information on Rapiscan Systems, 
      please visit www.rapiscansystems.com.
    
    
      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 our expectations, goals or 
      intentions about the future, including, but not limited to, statements 
      regarding the settlement agreement entered into with SAIC, Inc. Other 
      important factors are set forth in our Securities and Exchange 
      Commission filings. All forward-looking statements speak only as of the 
      date made, and we undertake no obligation to update these 
      forward-looking statements.