OSI Systems Receives $4 Million Order for Patient Monitoring Solutions
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs
Healthcare®, received an order for approximately $4 million to provide patient monitoring solutions and related
accessories to a prominent U.S. hospital group. The Company expects to install in Fiscal 2019 its Xhibit® Central
Stations, Qube®, Qube mini, and XTR Telemetry solutions for intensive care units (ICUs) at a new children’s hospital
currently under construction. The Company did not disclose further details, citing end-user confidentiality obligations.
“We look forward to providing this customer with our broad array of compatible patient monitoring solutions that are designed to
facilitate the mobility of patients during a hospital stay,” stated Deepak Chopra, OSI Systems’ Chairman and CEO.
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. 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.
OSI Systems, Inc.
Ajay Vashishat, 310-349-2237
Vice President, Business Development
avashishat@osi-systems.com
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