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OSI Systems Awarded Contract for $16 Million to Provide Service and Spares Support for Airport Checkpoint Inspection Systems

November 20, 2018

HAWTHORNE, Calif.--(BUSINESS WIRE)--Nov 20, 2018--OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract for approximately $16 million to provide comprehensive service and maintenance support for Rapiscan checkpoint inspection 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, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside OSI Systems’ control that may cause actual results to differ materially from those described in or implied by any forward-looking statements. All forward-looking statements 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/20181120005199/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 TRANSPORT AIR SECURITY MANUFACTURING ENGINEERING DEFENSE COMMUNICATIONS CONTRACTS PUBLIC RELATIONS/INVESTOR RELATIONS

SOURCE: OSI Systems, Inc.

Copyright Business Wire 2018.

PUB: 11/20/2018 08:30 AM/DISC: 11/20/2018 08:30 AM

http://www.businesswire.com/news/home/20181120005199/en

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