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OSI Systems Receives $6 Million in Orders for Optoelectronic Sub-Assemblies from a Renewable Energy Technology Provider

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  Published in Science and Technology on Wednesday, May 4th 2011 at 1:40 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 Optoelectronics division has been awarded orders of approximately $6 million for electronics sub-assemblies from a leading renewable energy equipment provider.

"We are excited about providing critical optoelectronic hardware to this renewable energy technology OEM. With several production facilities located in North America, Europe and Asia, we are a versatile supplier to new technology companies that serve a global customer base."

OSI Systems Chief Executive Officer, Deepak Chopra stated, "We are excited about providing critical optoelectronic hardware to this renewable energy technology OEM. With several production facilities located in North America, Europe and Asia, we are a versatile supplier to new technology companies that serve a global customer base."

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.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.