OSI Systems Awarded Approximate $2.0 Million Contract for Baggage and Parcel X-Ray...

OSI Systems Awarded Approximate $2.0 Million Contract for Baggage and Parcel X-Ray Systems

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, 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."

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications. The Company sells its products in diversified
markets, including homeland security, healthcare, defense and
aerospace. The Company has more than 30 years of experience in
electronics engineering and manufacturing and maintains offices and
production facilities located in more than a dozen countries. It
implements a strategy of expansion by leveraging its electronics and
contract manufacturing capabilities into selective end product markets
through organic growth and acquisitions. For more information on OSI
Systems, Inc. or any of its divisions, visit www.osi-systems.com.

About Rapiscan Systems

Rapiscan Systems, a division of OSI Systems, Inc. is a leading
supplier of high quality security inspection solutions utilizing X-ray
and gamma-ray imaging, and advanced threat identification techniques
such as neutron and diffraction analysis. The company's products are
sold into four market segments; Baggage and Parcel Inspection, Cargo
and Vehicle Inspection, Hold Baggage Screening and People Screening.
The company has an installed base globally of more than 50,000
security and inspection systems. The Rapiscan Systems product line is
manufactured at four locations and supported by a global support
service network. For more information on Rapiscan Systems, please
visit www.rapiscansystems.com.

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
predictions with regard to the prospective use and performance of its
Rapiscan 500 series of baggage and parcel inspection systems. The
actual results may differ materially from those described in or
implied by any forward-looking statement. Other important factors are
set forth in our Securities and Exchange Commission filings. All
forward-looking statements speak only as of the date made, and we
undertake no obligation to update these forward-looking statements.

OSI Systems, Inc
Jeremy Norton, Vice President, Investor Relations
310-349-2237
jnorton@osi-systems.com

Copyright Business Wire 2008