OSI Systems Receives $13.5 Million IDIQ from U.S. Government for Complete Range of Patient Monitoring Systems and Consumables
23 October 2009 - 8:00PM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated
provider of specialized electronic products for critical
applications announced that its Healthcare Division, Spacelabs
Healthcare, has been awarded a one-year $13.5 million Indefinite
Delivery Indefinite Quantity (IDIQ) contract from the U.S. Defense
Supply Center Philadelphia Medical Supplier Operations Directorate
to provide patient monitoring systems, sub-systems, training and
consumables.
OSI Systems Chairman and CEO, Deepak Chopra, stated, “We are
pleased to be working closely with the DSCP on this procurement.
The award highlights our broad product portfolio with approximately
25 products named in the IDIQ not including the consumables.
Products provided will be distributed nationally to all branches of
the U.S. armed forces in addition to other U.S. government
agencies.”
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.
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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 contract to deliver a broad range of
monitoring solutions. The actual results may differ materially from
those described in or implied by any forward-looking statement. In
particular, the timing, and delivery of the inspection systems may
not ultimately remain in line with the company’s current
expectations. 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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