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 Optoelectronics and Manufacturing
division, has received orders for components valued at approximately
$1.6 million from a leading fuel cell technology provider that delivers
energy solutions for material handling equipment, which is heavily
utilized at high-throughput retail distribution centers and large
manufacturing facilities.
OSI Systems Chief Executive Officer, Deepak Chopra commented, "We are
excited about the opportunity to work with this major OEM that develops
cost-effective power solutions that increase productivity, lower
operating costs and reduce carbon footprints of its customers."
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 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 of 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.
News Provided by Acquire Media
