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OSI Systems Awarded $21 Million Contract to Provide Service and Maintenance for Cargo and Passenger Vehicle Screening Systems

October 10, 2018

HAWTHORNE, Calif.--(BUSINESS WIRE)--Oct 10, 2018--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a multi-year contract valued at approximately $21 million from a U.S. government agency to provide service and maintenance support for its cargo and vehicle inspection systems, including the OmniView ® Gantry cargo inspection system, Z Portal ® passenger vehicle screening system, and the Sentry ® Portal cargo inspection system.

OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are excited to receive this follow-on contract to support our installed base of cargo and passenger vehicle screening systems.”

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 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/20181010005289/en/

CONTACT: OSI Systems, Inc.

Ajay Vashishat, 310-349-2237

Vice President, Business Development

avashishat@osi-systems.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: TECHNOLOGY SECURITY MANUFACTURING AEROSPACE DEFENSE COMMUNICATIONS CONTRACTS PUBLIC RELATIONS/INVESTOR RELATIONS

SOURCE: OSI Systems, Inc.

Copyright Business Wire 2018.

PUB: 10/10/2018 08:30 AM/DISC: 10/10/2018 08:30 AM

http://www.businesswire.com/news/home/20181010005289/en

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