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 has secured an $11 million order from an international client for its customized radiation monitoring portals, along with related services and support. This order, received by the company's Security division, highlights its ongoing relationship with the client and commitment to upgrading their security infrastructure with advanced technology.
OSI Systems (NASDAQ: OSIS) announced a $42 million contract for its Security division from an international airport. The contract includes a range of checkpoint and baggage screening solutions, such as the RTT® 110 explosive detection system, Orion® 920CT checkpoint screening system with Rapiscan TRS™, and the 935DX large tunnel systems. OSI Systems will also provide multi-year maintenance, service, and support. CEO Deepak Chopra expressed excitement about supplying these technologies, which meet international airport security standards.
OSI Systems (NASDAQ: OSIS) announced its participation in the B. Riley Securities 24th Annual Institutional Investor Conference, scheduled for May 22-23, 2024, in Beverly Hills, California.
Alan Edrick, the company's Executive Vice President and CFO, will represent OSI Systems. The event includes fireside chats, panel discussions, and one-on-one investor meetings. OSI Systems' fireside chat will take place on May 23rd at 2:30 PM PT.
OSI Systems' Optoelectronics and Manufacturing division has secured a $7 million order for portable health monitoring devices from a leading healthcare provider specializing in point-of-care diagnostics.
CEO Deepak Chopra expressed the company's commitment to supporting this long-term customer in the expanding field of consumer health diagnostics.
OSI Systems, Inc. announced a $9 million order for cargo and vehicle inspection systems from an international customer. The order is part of a multi-year agreement and signifies future opportunities for the company. Chairman and CEO, Deepak Chopra, expressed pride in the award and the company's dedication to improving border security.
OSI Systems, Inc. (NASDAQ: OSIS) has secured a $6 million order for electronic assemblies for an advanced engineered solutions OEM. The company's Optoelectronics and Manufacturing division will fulfill the order, showing commitment to supporting the OEM.
OSI Systems, Inc. (NASDAQ: OSIS) revealed that President and CEO Deepak Chopra will retire by the end of the year, continuing as Executive Chairman. A successor will be appointed to take over his current roles.
OSI Systems, Inc. (NASDAQ: OSIS) will be presenting at the Oppenheimer 19th Annual Industrial Growth Conference on May 6, 2024. Investors can tune in to the live webcast on the company's website.
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