OSI Systems' Optoelectronics Division Receives Contracts for $5.2 Million.HAWTHORNE, Calif. -- OSI Systems OSI Systems, Inc. (NASDAQ: OSIS) is a worldwide company based in California that develops and markets security and inspection systems such as airport security X-ray machines and metal detectors, medical monitoring and anesthesia systems, and optoelectronic devices. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :OSIS OSIS Open Source Information System (now Intelink-U; US DOD) OSIS Ocean Surveillance Information System OSIS One-Stop Internet Shop (European Union) OSIS Open Scriptural Information Standard ), a vertically integrated provider of specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. electronic products for critical applications in the Security and Healthcare industries, announced today that its Optoelectronics division has received contracts totaling $5.2 million from two customers, undisclosed for competitive reasons, for custom optoelectronic subassemblies. The products are to be manufactured in our facilities located in Camarillo, Calif., and Orlando, Fla., with expected delivery through 2007. OSI (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the Optoelectronics President, Mr. Manoocher Mansouri, stated, "These orders highlight our continued positive momentum within our Optoelectronics division. Of the two contracts received, one is from an existing customer, demonstrating our performance and reliability as a leading OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and supplier. These contracts reinforce our strong global reputation for delivering quality customer focused specialized optoelectronic components." About OSI Systems, Inc. OSI Systems, Inc. is a Hawthorne, California Hawthorne is a city located in southwestern Los Angeles County, California. As of the 2000 census, the city had a total population of 84,112. Although incorporated as a city in 1922, Hawthorne is a part of the immense sprawl that amounts to the greater Los Angeles area. based diversified global developer, manufacturer and seller of specialized electronics security and inspection systems, medical monitoring and anesthesia products, and optoelectronic devices and value-added subsystems. The company has more then 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 and 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 the performance or market acceptance of our specialized optoelectronic components for defense and healthcare applications. 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 we will continue to demonstrate such performance or reliability. 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. |
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