OSI Systems Receives $25 Million Order for Electronic Sub-Assemblies
13 November 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, today announced that OSI
Electronics, a business within its Optoelectronic and Manufacturing
division, has received a $25 million�order from ITT Corporation for
electronic sub-assemblies. The electronic sub-assemblies are to be
used by the U.S. Department of Defense (�DoD�) in their Mine
Resistant Ambush Protected ("MRAP") armored vehicle program.
Additionally, the Company announced that OSI Electronics has
received AS9100 registration for its U.S. manufacturing facility in
Camarillo, CA. AS9100 certification is the internationally
recognized quality management system for the Aerospace and Defense
industries. OSI Systems Chief Executive Officer, Deepak Chopra
stated, "We are pleased to continue our involvement in this key DoD
program; orders to�date�related to�MRAP total�approximately $90
million.�Receipt of AS9100 certification demonstrates our
commitment to deliver superior quality products and services to all
our customers across a variety of industries. The certification
complements our existing ISO9001:2000 while allowing us to expand
our manufacturing operations into the Aerospace and Defense
industries.� 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, but not limited to, the
Company�s predictions about growth of its manufacturing operations
into the aerospace and defense industries. 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.
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