OSI Systems Receives $17.2 Million IDIQ from U.S. Customs & Border Protection for Mobile X-Ray Inspection Vans

HAWTHORNE, Calif., Oct 27, 2009 (BUSINESS WIRE) -- OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications, announced today that the U.S. Customs & Border Protection ("CBP") released a contract award notice for a $2.8 million order to OSI Systems' Security division, Rapiscan Systems, for the purchase of Mobile X-ray inspection vans. The award is the first to be placed under the terms of Rapiscan Systems' recently received $17.2 million Indefinite Delivery, Indefinite Quantity (IDIQ) contract from the U.S. CBP. Funding for the purchase was provided to CBP through the American Recovery and Reinvestment Act of 2009.

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 contract to provide an advanced security inspection systems to the United States Government. The actual results may differ materially from those described in or implied by any forward-looking statement. In particular, the timing, and delivery of the inspection systems may not ultimately remain in line with the Company's current expectations.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
310-349-2372
jnorton@osi-systems.com

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