OSI Systems Receives $6 Million Order for Patient Monitoring Solutions
January 09 2019 - 8:30AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Healthcare division, Spacelabs
Healthcare®, received an order valued at approximately $6 million
to provide patient monitoring solutions and related accessories to
a U.S. based hospital. The Company expects to install its Xhibit®
Central Stations with XTR Telemetry, Qube® and Qube® Mini patient
monitoring products, and SafeNSound patient management software,
that assists hospitals in providing value-based care, helping to
ensure that patients are monitored effectively, streamlining
workflows, and improving communications.
“We are pleased to receive this award and look forward to
utilizing our multiple patient monitoring offerings to facilitate
the delivery of high quality patient care,” commented 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:
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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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190109005196/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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