Jul 8, 2003

Osteometer MediTech, Inc. and Dolphin Medical announce merger

Osteometer MediTech, Inc. and Dolphin Medical announce merger

Osteometer MediTech, Inc. and Dolphin Medical today announced a combination of the two medical companies' operations.

The two companies have operated as autonomous business units under OSI Systems, Inc. but synergies have been identified in marketing, sales, R&D and manufacturing that will be of benefit to both parties.

"We are very pleased to announce the combination of the two companies," stated Dan Goldberger, President. "We will all reap the benefits of the combined efforts of Osteometer MediTech and Dolphin Medical. By combining our operations we will significantly increase the knowledge-base of every department, and we will be able to more effectively service our customers throughout the world."

The transition will take place gradually over the next several months. From the customer's point of view it will be business as usual during the transition period, and all contact persons will remain the same in the new organization.

For further information, please contact Dan Goldberger, President, at +1 310-978-3073.

About Osteometer MediTech, Inc.
Osteometer MediTech, Inc. a subsidiary of OSI Systems, has a proud history of developing, manufacturing, supplying and servicing high quality office based diagnostic tools aimed at metabolic diseases, such as osteoporosis.

About Dolphin Medical, Inc. Dolphin Medical
A majority-owned subsidiary of OSI Systems, specializes in the development, production and distribution of cutting-edge pulse oximeter monitors and sensors. Pulse oximeters are used in critical care settings to continuously monitor a patient's blood oxygen levels and pulse rate. Dolphin's Model 2100 Digital Pulse Oximeter Monitor is the only all-digital oximeter monitor known to be approved for sale in the United States. More details regarding Dolphin Medical can be found on the web at www.dolphinmedical.com.

About OSI Systems, Inc.
OSI Systems Inc. is a diversified global developer, manufacturer and seller of optoelectronic-based components and systems. The company has more than 30 years of optoelectronics experience, and through its family of subsidiaries, competes in four specific growth areas: OEM Manufacturing, Security, Medical and Fiber Optics. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com.