OSI Systems secures $8M in electronic assembly orders

HAWTHORNE, California - OSI Systems Inc., a company listed on the NASDAQ under the ticker symbol OSIS, has announced a significant contract worth around $8 million for its Optoelectronics and Manufacturing division. This order pertains to the supply of electronic assemblies for test and measurement solutions to a large industrial technology firm.

The agreement marks an expansion of an already existing partnership between OSI Systems and the client, spanning across various product lines and geographical locations, as highlighted in a press release from the company. Ajay Mehra, the President and Chief Executive Officer of OSI Systems, expressed that these contracts underscore the company's engineering and manufacturing competencies, as well as its capacity to cater to a global industrial clientele across diverse product categories and regions.

OSI Systems operates through three primary segments: Security, Optoelectronics and Manufacturing, and Healthcare. The Optoelectronics and Manufacturing segment specializes in providing optoelectronic solutions and manufacturing services to original equipment manufacturers. The firm has a significant global presence, offering sales, service, research and development, and manufacturing operations in more than 170 countries, with sales, service, research and development, and manufacturing operations strategically located worldwide.