OSI Systems Awarded Approximate $3 Million Contract from U.S. Government Agency for Newly Launched Rapiscan Secure 1000 Portable Body Scanner

HAWTHORNE, Calif., Jul 06, 2010 (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 its Security division, Rapiscan Systems, was awarded an approximate $3 million order from an undisclosed United States Government Agency for its newly released Rapiscan Secure 1000MP (modular and portable).

The Rapiscan Secure 1000MP was developed specifically for applications that require rapid deployment, mobility and durability, as well as superior threat detection. The system provides the same detection capabilities as the Rapiscan Secure 1000 Single Pose solution that is being deployed by airports worldwide, but in a portable configuration. The system produces high-resolution images that enable detection of concealed threats and contraband items. The Rapiscan Secure 1000MP is ideal for high security environments because both organic (i.e. solid and liquid explosives, narcotics, ceramic weapons, etc.) and inorganic (i.e. metal) materials are easily identified in the resulting image.

Rapiscan Systems President, Ajay Mehra stated, "We are excited to announce that the U.S. Government has chosen the Rapiscan Secure 1000MP for its security needs. The Rapiscan Secure 1000MP lightweight and modular design makes it a truly "man-portable" solution for military, police, corrections, event security and protection of critical infrastructure. The Rapiscan Secure 1000MP is an important addition to the Rapiscan Secure product family and will significantly expand our opportunities to provide customers with its superior threat detection technology."

About OSI Systems, Inc.

OSI Systems, Inc. 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. It 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 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 the contract to provide the DoD with Rapiscan Secure 1000MP systems. 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.

SOURCE: OSI Systems, Inc

OSI Systems Inc.
Jeremy Norton
Vice President, Investor Relations
Tel: 310-349-2372
jnorton@osi-systems.com

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