Welcome to our dedicated page for Osi Systems news (Ticker: OSIS), a resource for investors and traders seeking the latest updates and insights on Osi Systems stock.
OSI Systems Inc. (OSIS) provides investors and industry professionals with authoritative updates on its security technology innovations, healthcare advancements, and optoelectronic manufacturing developments. This centralized resource aggregates official press releases and verified news coverage related to the company’s global operations across three core segments: advanced security screening systems, medical monitoring devices, and precision electronic components.
Visitors gain access to timely updates on earnings announcements, product launches, strategic partnerships, and regulatory milestones. The curated collection serves as a critical tool for tracking OSIS’s contributions to airport security infrastructure, hospital diagnostic capabilities, and defense sector electronics.
Content spans operational developments across North American, European, and Asia-Pacific markets, reflecting the company’s multinational engineering footprint. Regular updates include technological breakthroughs in threat detection systems, advancements in patient monitoring equipment, and manufacturing process innovations.
Bookmark this page for streamlined access to OSI Systems’ official communications, maintaining awareness of their progress in enhancing global security measures and healthcare outcomes through specialized electronics.
OSI Systems (NASDAQ: OSIS) has announced its intention to offer $275 million in convertible senior notes due 2029, with an option for initial purchasers to buy an additional $41.25 million. The notes will be senior, unsecured obligations with semi-annual interest payments, maturing on August 1, 2029. Noteholders can convert under certain conditions, with OSI settling in cash and potentially shares. The company can redeem notes after August 6, 2027, subject to specific conditions.
OSI plans to use up to $100 million of the proceeds to repurchase common stock in private transactions. The remaining funds will be used to repay a portion of its revolving credit facility, cover related expenses, and for general corporate purposes. This offering is to qualified institutional buyers and is not registered under the Securities Act.
OSI Systems (NASDAQ: OSIS) has announced that its Executive Vice President and Chief Financial Officer, Alan Edrick, will participate in the CJS Securities 24th Annual New Ideas Summer Conference. This event, scheduled for July 10, 2024, will take place at the Metropolis Country Club in White Plains, NY. OSI Systems intends to deliver a presentation and host one-on-one meetings with investors during the conference.
OSI Systems, Inc. (NASDAQ: OSIS) has announced a $17 million order from an international customer for its cargo and vehicle inspection systems. The order includes the Eagle® P60 high-energy, drive-through cargo and vehicle inspection system and the T60 trailer-mounted vehicle inspection system. Additionally, OSI Systems will provide system installation, training, and multi-year service and maintenance support. This development highlights OSI Systems' commitment to enhancing security infrastructure through advanced inspection technologies and comprehensive support services.
OSI Systems announced that its Security division has secured an $11 million order for its Eagle® M60 mobile high-energy cargo and vehicle inspection systems. The order includes follow-on maintenance and support services. These systems are intended for international border and security use. According to OSI Systems’ Chairman and CEO, Deepak Chopra, this order showcases the trust in their advanced inspection technologies and the flexibility of the Eagle® M60 platform to enhance security measures.
OSI Systems, a leading security technology company, announced a $10 million order for its RTT® 110 hold baggage screening systems. The order, intended for an international airport in Latin America, includes multiple units of the RTT® 110 explosive detection system along with ongoing maintenance, service, and support. The RTT® 110 utilizes a proprietary stationary gantry for high-resolution 3-D imaging, ensuring efficient baggage and cargo inspection. OSI Systems CEO Deepak Chopra emphasized the company's commitment to innovation and advanced technology as global airports aim to meet new security standards and improve operational efficiency.
OSI Systems announced a $7 million order for its Optoelectronics and Manufacturing division to supply navigation sensors to a major aerospace and defense OEM. This order underscores the critical role of OSI Systems' sensors in aerospace and defense applications. CEO Deepak Chopra emphasized the importance of their high-performance technology in supporting advanced navigation systems.
OSI Systems has secured an $11 million order from an international client for its customized radiation monitoring portals, along with related services and support. This order, received by the company's Security division, highlights its ongoing relationship with the client and commitment to upgrading their security infrastructure with advanced technology.
OSI Systems (NASDAQ: OSIS) announced a $42 million contract for its Security division from an international airport. The contract includes a range of checkpoint and baggage screening solutions, such as the RTT® 110 explosive detection system, Orion® 920CT checkpoint screening system with Rapiscan TRS™, and the 935DX large tunnel systems. OSI Systems will also provide multi-year maintenance, service, and support. CEO Deepak Chopra expressed excitement about supplying these technologies, which meet international airport security standards.
OSI Systems (NASDAQ: OSIS) announced its participation in the B. Riley Securities 24th Annual Institutional Investor Conference, scheduled for May 22-23, 2024, in Beverly Hills, California.
Alan Edrick, the company's Executive Vice President and CFO, will represent OSI Systems. The event includes fireside chats, panel discussions, and one-on-one investor meetings. OSI Systems' fireside chat will take place on May 23rd at 2:30 PM PT.
OSI Systems' Optoelectronics and Manufacturing division has secured a $7 million order for portable health monitoring devices from a leading healthcare provider specializing in point-of-care diagnostics.
CEO Deepak Chopra expressed the company's commitment to supporting this long-term customer in the expanding field of consumer health diagnostics.
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