Healthcare Industry News: Spacelabs Healthcare
News Release - June 9, 2011
OSI Systems Awarded $3 Million in Contracts for Patient Monitoring & Connectivity Solutions
HAWTHORNE, Calif.--(Healthcare Sales & Marketing Network)-- OSI Systems, Inc. (NASDAQ:OSIS ), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its Healthcare division, Spacelabs Healthcare, has received approximately $3 million in orders from US hospitals in the Southeast region. Under the terms of these contracts, Spacelabs will provide a wide range of patient monitoring and connectivity products including the recently launched XPREZZON™ line of patient monitors.OSI Systems CEO Deepak Chopra, commented, "We are proud of the opportunity to provide healthcare solutions utilizing our latest technology for patient monitoring and telemetry data, including our newly released Spacelabs’ XPREZZON™ patient monitors.”
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 contracts to deliver a broad range of solutions to customers in the healthcare industry. The actual results may differ materially from those described in or implied by any forward-looking statement.
Source: OSI Systems
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