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OSI Systems Receives $3 Million Order for Patient Monitoring Equipment

  //science-technology.news-articles.net/content/2 .. lion-order-for-patient-monitoring-equipment.html
  Published in Science and Technology on Tuesday, December 21st 2010 at 5:11 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 the Spacelabs Healthcare division has received an order for approximately $3 million from Swedish Medical Center to provide advanced patient monitoring solutions, which will be utilized at the non-profit health systema™s new hospital in Issaquah, WA.

"We are excited about this effort with Swedish. OSI has a broad array of patient monitoring solutions that can be well matched to the unique needs of each hospital."

aSwedish and Spacelabs have come together on the delivery of healthcare in the Seattle area and beyond. We are committed to improving the way care is delivered and our partnership supports this goal. I congratulate Spacelabs on their technology, which is designed to meet the dynamic challenges of healthcare,a said Cal Knight, President and COO of Swedish.

Deepak Chopra, President and CEO of OSI Systems, stated, aWe are excited about this effort with Swedish. OSI has a broad array of patient monitoring solutions that can be well matched to the unique needs of each hospital.a

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 ]. 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 to deliver a broad range of solutions to customers in the healthcare industry.The actual results may differ materially from those described in or implied by any forward-looking statement.