OSI Systems Commences Operations for Mexico Screening Services Program

  OSI Systems Commences Operations for Mexico Screening Services Program

Business Wire

HAWTHORNE, Calif. -- January 23, 2013

OSI Systems, Inc. (NASDAQ: OSIS) today announced that screening operations
have commenced at initial sites under its multiyear agreement with the Mexican
government. Since being awarded the program, OSI’s security division, Rapiscan
Systems, has managed the design and build of screening checkpoints and related
data management infrastructure throughout Mexico.

Deepak Chopra, OSI Systems’ President and CEO, stated, “We are extremely
pleased with the progress in this critically important program. The
implementation is proceeding well and we are excited to be in the operational
phase in Mexico. The rapid progress is a testament to our ability to manage
large scale security initiatives, our depth of experience in delivering
integrated solutions, the versatility of our products and the flexibility of
our service offering. We expect significant revenues from this program in the
second half of our current fiscal year.”

Rapiscan Systems was awarded a six-year contract from Mexico’s tax and customs
authority to provide inspection services by implementing a wide-ranging
program of cargo and vehicle security screening systems and services
throughout Mexico. Under the program, Rapiscan Systems expects to provide
complete operations of inspection sites utilizing x-ray screening technology.
Rapiscan Systems plans to incorporate staffing, systems integration, data
management, and maintenance support at these sites networked throughout
Mexico, including ports of entry as well as inland checkpoints and airports.

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
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 statement. 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, 2012
and other risks described in documents subsequently filed by the Company from
time to time with the Securities and Exchange Commission.


OSI Systems Inc
Ajay Vashishat
Vice President, Business Development
Press spacebar to pause and continue. Press esc to stop.