Oridion Expands its OEM Partnerships - New Agreement with Spacelabs Healthcare

    JERUSALEM and NEEDHAM, MA, Aug. 26 /CNW/ - Oridion Systems Ltd.
(SWX: ORIDN) today announced an OEM agreement with Spacelabs Healthcare, a
leading global medical device and service company. With this agreement,
Spacelabs now employs Oridion Microstream(R) capnography technology in its
new, compact and ultra-lightweight patient monitoring system, elance.
    Spacelabs Healthcare, recognizing the importance of monitoring CO2, has
decided to use the Oridion patented Microstream capnography technology and
proprietary EtCO2 sampling technology in its new elance patient monitoring
system. Microstream capnography technology and FilterLine(R) breath sampling
products improve patient safety by providing the earliest assessment of a
patient's ventilatory status. The Spacelabs new elance monitor with
Microstream technology is being launched in the current quarter.
    Gerry Feldman, President of Oridion Systems Ltd. said: "We are very proud
to have entered into this agreement with Spacelabs Healthcare. It demonstrates
our ability to further broaden our already existing, strong portfolio of
leading global OEM partners. As our partner, Spacelabs will support the
Oridion mission to increase patient safety and improve patient outcomes by
employing our world-class Microstream CO2 measurement solutions within their
    "Spacelabs is very excited to have the advanced Microstream CO2
measurement technology from Oridion integrated into our new patient monitoring
system," said Nicholas Ong, Group President, Emerging Markets Organization at
Spacelabs Healthcare, Inc.

    About Oridion

    Oridion Systems Ltd. (www.oridion.com) is a global medical device company
specializing in patient safety monitoring. The Company operates through wholly
owned subsidiaries in the United States, Europe, and Israel.
    Oridion develops proprietary medical devices and patient interfaces,
based on its patented Microstream(R) technologies, for the enhancement of
patient safety through the monitoring of the carbon dioxide (CO2) in a
patient's breath. These products provide effective, proven airway management
and are used in various clinical environments, including procedural sedation,
pain management, operating rooms, critical care units, post-anesthesia care
units, emergency medical services, transport, alternate care and other
settings where patients' ventilation may be compromised and at risk.

    About Spacelabs Healthcare

    Spacelabs Healthcare is a wholly owned subsidiary of OSI Systems, Inc.
(Nasdaq:   OSIS). Spacelabs Healthcare, Inc. is an international developer,
manufacturer and distributor of medical equipment and services including
solutions for patient monitoring and connectivity, anesthesia delivery and
ventilation, diagnostic cardiology and supplies and accessories selling to
hospitals, clinics and physician offices. Additionally, the company provides
centralized cardiac safety and diagnostic services (QT Studies, ECG, Holter,
ABP, and Event Monitoring) to biopharmaceutical companies undertaking clinical
trials. Spacelabs Healthcare, Inc. employs approx. 1,100 personnel in its
offices located in the United States, UK, Canada, France, Germany, Finland,
India and Singapore. For more information, visit

    Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities Litigation Reform
Act of 1995. The words "estimate" "project" "intend" "expect" "believe" and
similar expressions are intended to identify forward-looking statements. These
forward-looking statements involve known and unknown risks and uncertainties.
Many factors could cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements that may be expressed or implied by such forward-looking
statements, including, among others, our ability to maintain profits, the
market demands for our Capnography products, our ability to focus our team on
the Capnography business, changes in general economic and business conditions,
inability to maintain market acceptance to the Company's products, inability
to timely develop and introduce new technologies, products and applications,
rapid changes in the market for the Company's products, loss of market share
and pressure on prices resulting from competition, introduction of competing
products by other companies, inability to manage growth and expansion, loss of
key OEM partners, inability to attract and retain qualified personnel,
inability to protect the Company's proprietary technology.
    Furthermore, this press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities. The Company's shares issued
have not been, and will not be, registered under the US Securities Act of
1933, as amended (the "Securities Act"), or under any of the relevant
Securities Laws of any state of the United States. The Company's shares may
not be offered, sold or delivered, directly or indirectly, to, or for, the
account of any US person (as defined in regulation S under the Securities Act)
in or into the United States, or by use of the US mail, or by any means or
instrumentality of United States interstate commerce, absent registration, or
an exemption from registration under the Securities Act.

For further information:

For further information: For further Oridion information please contact:
Alan Adler, Chairman and Chief Executive Officer; Walter Tabachnik, Chief
Financial Officer; Elena Gerberg, Investor Relations, e-mail:
investor@oridion.com, phone: +972-2-589-9159, address: Oridion Systems Ltd.,
P.O. Box 45025, 91450 Jerusalem, Israel; For further Spacelabs information
please contact: Dan Prueher, e-mail: dan.prueher@spacelabs.com, phone: (608)

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