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OSI Systems Receives $4 Million Order for Electronic Sub-Assemblies

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  Published in Science and Technology on Wednesday, July 14th 2010 at 5:13 GMT by Market Wire
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HAWTHORNE, Calif.--([ BUSINESS WIRE ])--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 an order of approximately $4 million for electronic sub-assemblies from an innovative medical device manufacturer.

"OSI is proud to be a key supplier to a major OEM in their respective market and we are committed to supporting their growth initiatives as they produce innovative solutions to respiratory home healthcare challenges."

OSI Systems Chief Executive Officer, Deepak Chopra stated, "OSI is proud to be a key supplier to a major OEM in their respective market and we are committed to supporting their growth initiatives as they produce innovative solutions to respiratory home healthcare challenges."

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. 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. It 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 ]. News Filter: OSIS-G

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, the Company's contracts. The actual results may differ materially from those described in or implied by any forward-looking statement.