OSI Systems Awarded Approximate $2 M Contract for Baggage and Parcel X-Ray Systems

(Hawthorne, Calif., January 22, 2008) -- OSI Systems, Inc. (Nasdaq:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the security and healthcare industries, announced today that its Security division, Rapiscan Systems, has received a contract for approximately $2.0 million from its Chinese distributor, Ryan Security Technologies, Ltd. for its Rapiscan 500 series baggage and parcel inspection systems.

The systems are intended to be installed in and around Beijing for use during the upcoming Olympic and Para-Olympic Games, making Rapiscan Systems the primary western supplier of X-ray scanning equipment for the events.

Ajay Mehra, President of Rapiscan Systems, stated, "Rapiscan is very pleased to continue our long-standing relationship with the Olympic and Para-Olympic Games. While we have been working with high-profile international sporting events for years, this announcement is unique in that it demonstrates the strides we are making in garnering market share in the rapidly expanding Chinese security market."

Source : OSI Systems Inc.

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