OSI Systems, Inc. (OSIS)

[kalstone]

More news from OSIS. New revenue source from the automotive industry.

"OSI Systems Announces Multi-Year Agreement to Provide Automotive Electronic Assemblies
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Osi Systems (NASDAQ:OSIS)
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Today : Monday 26 November 2012


OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that OSI Electronics, a business within its Optoelectronic and Manufacturing division, has entered into an agreement to provide electronic sub-assemblies to a major tier-one provider of automotive electronics. This multi-year agreement is expected to generate annual sales of approximately $10 million at full production run rate.

OSI Systems Chief Executive Officer, Deepak Chopra commented, “Our global footprint and our continued investment in our manufacturing capabilities has been the basis for many new avenues of growth. This opportunity springs from this commitment and enhances our position in the automotive market with a new customer.”"

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