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Mon, December 15, 2008
OSI Systems Receives $2.3 Million Patient Monitoring Contract from Princeton HealthCare System
HAWTHORNE, Calif.--([ BUSINESS WIRE ])--[ 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 an approximate $2.3 million contract from Princeton HealthCare System. Under the terms of this agreement, Spacelabs will provide Ultraview SL patient monitors, Ultraview Telemetry, DM3 patient monitors and ICS G2 software applications for hospital-wide implementation.
"We are proud that this highly respected teaching hospital relies on Spacelabs patient monitoring and connectivity solutions to assist them in delivering the best patient care."
Spacelabsa� ICS G2 software applications are designed to improve efficiency, functionality and the flow of clinical information which in turn can help lower costs, reduce lengths of stay, and improve outcomes.
OSI Systemsa� CEO, Deepak Chopra, stated, aWe are proud that this highly respected teaching hospital relies on Spacelabs patient monitoring and connectivity solutions to assist them in delivering the best patient care.a
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.
