OSI Systems Receives $2 Million Order for Vehicle Detection and Classification Solutions
June 26 2015 - 8:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Optoelectronics division received an order of approximately $2
million from Raytheon to provide system hardware and software,
which will be used in the electronic toll collection network for
the Massachusetts Department of Transportation.
OSI Systems Chief Executive Officer, Deepak Chopra commented,
"We are excited to provide our sensor technology and software to
support Raytheon’s efforts with MassDoT. Our Optoelectronics
division is a leading supplier to OEM’s that provide systems for
aerospace, defense, safety, security and industrial
applications.”
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications. The Company sells its products in
diversified markets, including homeland security, healthcare,
defense and aerospace. The Company has more than 30 years of
experience in electronics engineering and manufacturing and
maintains offices and production facilities located in more than a
dozen countries. It implements a strategy of expansion by
leveraging its electronics and contract manufacturing capabilities
into selective end product markets through organic growth and
acquisitions. 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 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 the Company’s 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 the Company’s 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. The Company 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 these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year
ended June 30, 2014 and other risks described in documents filed by
the Company from time to time with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150626005123/en/
OSI Systems IncAjay Vashishat, 310-349-2237Vice
President, Business Developmentavashishat@osi-systems.com
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jul 2023 to Jul 2024