OSI Systems Inc
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Information Technology : Electronic Equipment, Instruments & Components | Small Cap Blend
Company profile

OSI Systems, Inc., through its subsidiaries, is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products and provides related services in diversified markets, including homeland security, healthcare, defense and aerospace. The Company operates through three segments: Security, Healthcare, and Optoelectronics and Manufacturing. Its Security segment provides security and inspection systems and turnkey security screening solutions. Its Healthcare segment provides patient monitoring, diagnostic cardiology and connected care systems and associated accessories. Its Optoelectronics and Manufacturing segment provides electronic components and electronic manufacturing services for its Security and Healthcare divisions, as well as to original equipment manufacturer (OEM) customers applications in the defense and aerospace markets, among others.

Closing Price
$99.65
Day's Change
0.98 (0.99%)
Bid
--
Ask
--
B/A Size
--
Day's High
100.00
Day's Low
98.44
Volume
(Light)
Volume:
50,313

10-day average volume:
78,197
50,313

OSI Systems Receives $12 Million Contract for Mobile Cargo and Vehicle Inspection Systems

8:30 am ET May 24, 2022 (BusinessWire) Print

OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Security division was awarded a contract valued at approximately $12 million from an international customer to provide multiple units of the Eagle(R) M60 mobile high-energy cargo and vehicle inspection system, follow-on service, and support.

OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are excited to receive this order and look forward to deploying our widely-used cargo inspection platforms that enable users to quickly change the location of a checkpoint to enhance security."

About OSI Systems

OSI Systems 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. The Company combines more than 40 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 or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems' current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems' control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems' future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems' most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005500/en/

SOURCE: OSI Systems, Inc.

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

COMTEX_407685472/1006/2022-05-24T08:30:02

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