OSI Systems to Receive $15 Million in Settlement with GE

  
    
  
  
    
      OSI Systems, Inc. (NASDAQ:OSIS), 
      a vertically-integrated provider of specialized electronic products for 
      critical applications in the Security and Healthcare industries, 
      announced today it has reached an amicable settlement of its dispute 
      with GE Healthcare Finland Oy regarding working capital adjustments and 
      other matters arising from OSI’s March 2004 
      acquisition of Spacelabs Medical. Under the terms of the settlement OSI 
      will receive a payment of $15 million.
    
    
      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.