STOCK TITAN

OSI Systems Receives Orders of $10 Million for Electronic Sub-Assemblies

(Neutral)
(Neutral)
Tags

Key Terms

optoelectronics technical
Optoelectronics makes devices that turn light into electrical signals and vice versa — for example, LEDs, light sensors and laser diodes — acting like translators between light and electricity. Investors care because these components are the building blocks for faster communications, sensors, displays and automation; shifts in demand, production cost or technological improvements can quickly affect revenue, margins and competitive position in many industries.
electronic sub-assemblies technical
Electronic sub-assemblies are pre-built modules made of circuit boards, connectors and components that perform a specific function inside a larger electronic product, like a power module or communication board. Investors care because they concentrate design, manufacturing and quality risk — they affect production speed, unit cost, margins and upgrade cycles, much like an engine affects a car’s performance and repair costs.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division ("Opto") has received orders valued at more than $10 million in aggregate from a leading IT provider for critical electronic sub-assemblies to be utilized in remote networking hardware.

OSI Systems' President and Chief Executive Officer, Ajay Mehra, commented, "Demand for resilient, remotely managed network infrastructure continues to accelerate as customers build out distributed IT environments. Opto is well positioned to support that growth, and this award reflects the expanding opportunity we see across our electronics manufacturing business."

About OSI Systems

OSI Systems designs and manufactures specialized electronic systems and components for critical applications. The Company operates through three key segments: Security, Optoelectronics and Manufacturing, and Healthcare. Its Security division delivers advanced inspection systems, turnkey screening solutions, and comprehensive support services to protect people and infrastructure. The Optoelectronics and Manufacturing segment serves as a global supplier of high-performance optoelectronic solutions and precision manufacturing services for leading OEMs. The Healthcare segment focuses on patient monitoring, diagnostic cardiology, and related services to enhance clinical care and patient outcomes. Serving over 170 countries, OSI Systems strategically positions its sales, service, R&D, and manufacturing capabilities worldwide to provide fast and efficient delivery and support. For more information on OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

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.

OSI Systems, Inc.
Ajay Vashishat
Vice President
310-349-2237
avashishat@osi-systems.com

Source: OSI Systems, Inc.