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) is a diversified global enterprise with over 30 years of expertise in electronics engineering and manufacturing. The company is focused on creating solutions for a safer and healthier world through its three primary business segments: Security, Healthcare, and Optoelectronics and Manufacturing. With offices and production facilities in more than a dozen countries and employing over 3,000 people, OSI Systems is a key player in multiple industries.
In the Security segment, OSI Systems, through its subsidiary Rapiscan Systems, is a global leader in security screening, with over 70,000 systems installed across more than 100 countries. These products are known for their outstanding threat detection, proven reliability, and exceptional value.
The Healthcare segment, represented by Spacelabs Healthcare, focuses on innovative patient monitoring, diagnostic cardiology, ventilation systems, and defibrillators. Their aim is to connect innovation with care, providing healthcare professionals with the tools necessary to improve patient outcomes.
Lastly, the Optoelectronics and Manufacturing segment designs and manufactures specialized electronic components and provides engineering and manufacturing services. These offerings serve both the Security and Healthcare segments, as well as external original equipment manufacturers (OEMs).
OSI Systems' commitment to solving real-world problems and issues is evident through its continuous innovation and strategic partnerships. The company prides itself on helping security experts, clinical professionals, and high-tech developers by delivering high-quality, reliable products.
Financially, OSI Systems generates the majority of its revenue from the Americas, with additional significant contributions from Europe, the Middle East, Africa, and the Asia-Pacific regions. The company's robust product portfolio and strategic presence globally make it a significant player in its field.
Stay updated with the latest news and developments from OSI Systems to better understand their market performance and strategic moves.
OSI Systems (NASDAQ: OSIS) announced that its Security division has secured an international order worth $32 million for Eagle® M60 high-energy mobile inspection systems. The contract includes providing service and training support for the deployment and operations of these systems, which will be used for border security applications.
According to CEO Ajay Mehra, the Eagle M60 systems play a important role in enhancing security frameworks at critical border entry points globally.
OSI Systems (NASDAQ: OSIS) has scheduled its quarterly conference call to discuss financial results for the quarter ending December 31, 2024. The call will take place on Thursday, January 23, 2025, at 9:00 am PT.
The conference call will be accessible through a webcast on the company's investor relations section of their website. For those unable to attend the live call, a replay option will be available from 12:00 pm PT on January 23, 2025, until February 6, 2025, accessible through the same investor relations portal at www.osi-systems.com.
OSI Systems (NASDAQ: OSIS) has announced its participation in the CJS 25th Annual New Ideas for the New Year Conference. The presentation is scheduled for Tuesday, January 14, 2025, at 11:45 AM ET. Interested parties can access the live webcast through the investor relations section of the OSI Systems website. The conference, which focuses on new ideas for the upcoming year, provides a platform for OSI Systems to share its insights and strategies with investors and industry professionals.
OSI Systems (NASDAQ: OSIS) announced that its Security division has secured an $81 million order for multiple units of the Eagle® M60 mobile high-energy cargo and vehicle inspection system from an international customer. The systems will be deployed for border security and critical infrastructure protection.
The Eagle® M60's rugged design has proven effective in meeting stringent security requirements, while its mobility allows for quick relocation of security checkpoints, enhancing overall protection capabilities. The order comes from an existing customer, highlighting continued trust in OSI's security solutions.
OSI Systems (NASDAQ: OSIS) has secured a $23 million order through its Security division for the deployment and integration of long-range radio frequency (RF) critical communication systems. The contract includes providing critical hardware and technical services aimed at enhancing US government strategic RF communications capability in critical regions globally.
This order follows the company's recent acquisition of an RF-based critical solutions business serving defense customers, which has expanded the Security division's product portfolio focused on protecting people and infrastructure.
OSI Systems (NASDAQ: OSIS) announced that its Security division has secured a $27 million order for airport security systems from an international customer. The order encompasses multiple security solutions including the RTT® 110 explosive detection system for hold baggage, Orion® 920CT checkpoint screening system with Rapiscan® TRS™, Orion 928DX for air cargo and pallet screening, and Itemiser® 5X for trace detection of explosives and narcotics. The comprehensive order demonstrates the company's ability to provide integrated security solutions that meet international airport security standards.
OSI Systems (NASDAQ: OSIS) has announced that Ajay Mehra, current President of OSI's Security division and Executive Vice President, will become the company's new President and CEO effective January 1, 2025. Mehra will succeed Deepak Chopra, who will transition to Executive Chairman of the Board.
Mehra, who joined OSI in 1989, previously served as CFO during the company's IPO and led the launch of the Security division, which has grown to over $1 billion in annual revenues. Under his leadership, the Security division has become a market leader through the Rapiscan® brand, serving global security and defense agencies, sporting events, and private facilities.
OSI Systems' Optoelectronics and Manufacturing division has secured an $11 million order to provide electronic sub-assemblies for a leading healthcare OEM manufacturer. The order demonstrates the company's ongoing partnership with medical technology providers and its capability to deliver specialized electronic components for advanced medical solutions.
OSI Systems (NASDAQ: OSIS) announced that its Optoelectronics and Manufacturing division has secured a $6 million order to provide optical sensors for patient care devices. The order comes from a leading healthcare original equipment manufacturer (OEM), which is described as a long-standing customer.
OSI Systems (NASDAQ: OSIS) announced that its Healthcare division, Spacelabs Healthcare, has secured a $6 million order from a U.S. based hospital system for patient monitoring solutions. The company will provide various monitoring tools including Xhibit Central Stations, Xprezzon bedside monitors, Qube portable patient monitors, and the ICS G2 clinical information system with SafeNSound alarm management features.
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