May 23, 2011

OSI Systems Receives $1.6M Contract for Patient Monitoring & Connectivity Solutions

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 its Healthcare division, Spacelabs Healthcare, has received a $1.6 million contract from a South Carolina hospital. Under terms of the contract, Spacelabs Healthcare will provide its Ultraview SL2800 and the recently launched XPREZZON™ line of patient monitors.

"Here is a great example of our commitment to the backward/forward compatibility of our newly developed solutions in patient monitoring and connectivity," said Deepak Chopra, OSI Systems CEO. "Spacelabs' just released XPREZZON monitor will interface with Spacelabs' popular Ultraview SL2800 monitor, as well as earlier generations of the Spacelabs patient monitor installed base."

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. 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 Company's contracts to deliver a broad range of solutions to customers in the healthcare industry. The actual results may differ materially from those described in or implied by any forward-looking statement.

OSI Systems Inc
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com

Source: OSI Systems, Inc.

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