SNOQUALMIE, Wash.–(BUSINESS WIRE)–Spacelabs Healthcare (the “Company”), a global developer and manufacturer of patient monitoring and diagnostic cardiology solutions, today announced that the Company has been inducted into the Space Technology Hall of Fame for its pioneering remote health monitoring technology for NASA astronauts.

“The medical telemetry that Spacelabs originally developed to bridge the distance of space now protects caregivers in hospitals throughout the world, especially today as we confront the challenges of COVID-19,” said Spacelabs President Shalabh Chandra. “Remote monitoring gets critical data to caregiver teams wherever they are and minimizes unnecessary physical contact.”

The Colorado Springs-based Space Foundation conducted an induction ceremony today as part its events celebrating World Space Week. Space Foundation CEO Tom Zelibor noted, “Our class of 2020 inductees are no strangers to transforming and adapting to achieve success. Each of them has taken an existing space technology and adapted it to address everyday needs on Earth, and serves us on our best days, as well as our most challenging.”

Chandra sees a direct connection between the Company’s original mission and the decades of innovations that Spacelabs has introduced to the market since the Company’s founding in 1958. “These innovations might not be possible were it not for the moonshot dream and the collective efforts that followed,” said Chandra. “It’s a lesson that continues to inspire all of us at Spacelabs, which is why this recognition by the Space Foundation means so much to us.”

About Spacelabs Healthcare

Spacelabs Healthcare (www.spacelabshealthcare.com), a division of OSI Systems, Inc., is a provider of medical equipment and services, including solutions for patient monitoring and connectivity, diagnostic cardiology, and supplies and accessories selling to hospitals, clinics, and physician offices. The Company has offices in the United States, United Kingdom, Canada, France, Germany, and Italy, and distributors in more than 100 countries around the world.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company’s current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions and contingencies, many of which are outside the Company’s control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Such statements include, but are not limited to, statements regarding the expected use and performance of the Company’s products. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in OSI Systems Inc.’s most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.

Contacts

Spacelabs Healthcare

Paul Sogge, 425-363-5592

Paul.Sogge@spacelabs.com

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