OSI Systems Optoelectronics Division Receives Contract Award for Approximately $6 Million
11 December 2009 - 12:00AM
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 contract
award for approximately $6 million 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.
OSI Systems Chief Executive Officer, Deepak Chopra stated, "We
are pleased to continue to work on this critical DoD program. We
expect that the sub-assemblies to be delivered under this contract
will be shipped by the conclusion of fiscal 2010.”
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, 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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