HAWTHORNE, Calif.--(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 engaged with a leading renewable energy organization and
received orders in excess of $2 million to supply electronic
sub-assemblies. OSI Electronics will utilize its state of the art New
Product Introduction (NPI) production line at its operations in
Camarillo, CA, where it can provide new product development support,
prototyping, and volume manufacturing for an integrated approach during
the program life cycle.
OSI Systems Chief Executive Officer, Deepak Chopra stated, "OSI is proud
to support this major player in the renewable energy market by providing
critical hardware sub-assemblies. We are strategically focused on
capturing opportunities with OEM's that are helping the world go green."
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.
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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
contracts. 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.
OSI Systems, Inc.
Ajay Vashishat
Vice President,
Business Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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