OSI Systems Receives Follow-On Order from EDO Corporation for $5.8 Million
15 January 2008 - 11:00PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider
of specialized electronic products for critical applications in the
Security and Healthcare industries, announces today that its
Optoelectronics and Manufacturing division has received a follow-on
order from EDO Corporation for approximately $5.8 million. Under
the terms of the contract, OSI�s Optoelectronics and Manufacturing
division will deliver electronic sub-assemblies to be used by EDO
in its �CREW 2.1� vehicle-mounted electronic jammer systems
currently under contract for ultimate delivery to the U.S.
Department of Defense. Mr. Deepak Chopra, President and Chief
Executive Officer of OSI Systems, stated, �We continue to work
closely with EDO on this critical U.S. Government contract. This
contract award comes after recently being honored by EDO as their
Outstanding Supplier for Electronic Manufacturing Services in
2007.� About OSI Systems, Inc. OSI Systems, Inc. and its
subsidiaries 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. The
Company 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 subsidiaries,
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 the company�s expectations, goals or
intentions about the future, including, but not limited to the
Company�s contract to deliver electronics to EDO. 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,
amend or clarify these forward-looking statements.
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