OSIS OSI Systems Inc

Spacelabs Healthcare, Inc., a subsidiary of OSI Systems, Inc. (Nasdaq:OSIS), today announced its Monitoring Division has received a $2.1 million order from a U.S.-based statewide hospital group. The contract is for the complete range of integrated patient monitoring systems utilizing both wired and wireless networks in the critical care, neonatal, emergency and perioperative areas. The integrated patient monitoring system will be installed at three hospitals within the statewide-hospital group that is composed of over twenty hospitals and clinics. Upon installation, care providers within the three hospitals will be able to access patient data and information from any location within these hospitals. It is expected that Spacelabs will begin installation of the equipment beginning in March 2006 and it should take approximately four to six months to complete the installation process. Dave Tilley, President of Spacelabs Medical, said, "We are indeed extremely happy to partner with this large hospital group to provide a complete integrated patient monitoring network. We are confident that our products will provide caregivers in all their facilities with state-of-the-art technology enabling them the opportunity to provide more time to care." The major products included in the contract are Ultraview(SL) patient monitors and the Intesys Clinical Suite. The Ultraview(SL) monitors come in compact, bedside and central monitor configurations for hard-wired, wireless and telemetry networks, while the Intesys Clinical Suite provides a state-of-the-art network solution that collects patient information and makes it available whenever and wherever it is needed by caregivers. About Spacelabs Healthcare, Inc. Spacelabs Healthcare, Inc. (www.spacelabshealthcare.com) is an international developer, manufacturer and distributor of medical equipment and services, including patient monitoring solutions, anesthesia delivery and ventilation systems, pulse oximeters and sensors, and bone densitometers, selling to hospitals, clinics and physicians offices. Additionally, the company provides ECG laboratory services to pharmaceutical companies undertaking clinical trials, whereby patient ECG data are recorded, analyzed, tabulated and interpreted. The company has established brand names in both medical devices and medical services such as "Spacelabs," "Blease" and "Dolphin." The company employs approximately 1,050 personnel in its 14 offices in the UK, Canada, France, Germany, Finland, Singapore and the United States. The company conducts its manufacturing and R&D in India, the UK and the United States. Spacelabs Healthcare is a subsidiary of OSI Systems, Inc., a U.S.-based, Nasdaq-listed company. About OSI Systems, Inc. OSI Systems, Inc. is a Hawthorne-based diversified global developer, manufacturer and seller of security and inspection systems, medical monitoring and anesthesia delivery products, and optoelectronic-based components, as well as a provider of engineering and manufacturing services. 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. 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 a contract from a U.S.-based hospital group. The actual results may differ materially from those described in or implied by any forward-looking statement. In particular, there can be no assurance that the products sold under the contract will be installed within current time estimates. 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.