Rapiscan Systems Awarded R&D Contract from the TSA to Enhance Backscatter Technology for Personnel Screening
11 October 2005 - 10:00PM
Business Wire
Rapiscan Systems, a division of OSI Systems, Inc. (NASDAQ:OSIS),
announced today that it has received a contract from the
Transportation Security Administration ("TSA") for $865,000 to add
further software enhancements to its Rapiscan Secure 1000
backscatter technology for personnel screening. Upon completion of
the software enhancements, the company will then submit the
software to the TSA for further testing and evaluation before it is
deployed for field trials. Rapiscan's proprietary backscatter X-ray
technology is embedded within the company's Rapiscan Secure 1000
Body Scanner, a non-intrusive personnel screening system designed
to detect metallic and nonmetallic threat objects. The Rapiscan
Secure 1000 enables security personnel to detect ceramic, plastic,
metallic, organic, and other contraband or security threats. The
system provides a comprehensive body search in seconds, eliminating
the need for intrusive and less-effective hands-on body searches by
security personnel. President of Rapiscan Systems, Ajay Mehra,
stated, "This is an exciting time for Rapiscan and our backscatter
technology. We applaud the TSA's commitment to furthering the
research and development process and are confident that the
technology's value proposition will be made abundantly clear." In
July, Rapiscan announced that the company received an order from
the BAA plc (Formerly the British Airport Authority) for three of
its Rapiscan Secure 1000 units. They were installed at London's
Heathrow Airport, marking the world's first deployment in the
civilian aviation market and bringing the total number of units
deployed globally to approximately 200 units. About Rapiscan
Systems Rapiscan Systems, a division of OSI Systems, Inc., is a
leading supplier of high quality security inspection solutions
utilizing x-ray and gamma-ray imaging, and advanced threat
identification techniques such as neutron and diffraction analysis.
The company's products are sold into four market segments; Baggage
and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage
Screening and People Screening. The company has an installed base
globally of more than 50,000 security and inspection systems. The
Rapiscan Systems product line is manufactured at four locations and
supported by a global support service network. For more information
on Rapiscan Systems, please visit www.rapiscansystems.com. About
OSI Systems, Inc. OSI Systems, Inc. is a Hawthorne,
California-based diversified global developer, manufacturer and
seller of security and inspection systems, medical monitoring and
anesthesia products, and optoelectronic devices and value-added
subsystems. The company has more than 30 years of experience in
electronics engineering and manufacturing and maintains offices and
production facilities located in more than a dozen countries. OSI
Systems implements a strategy of expansion by leveraging its
electronics and contract manufacturing capabilities into selective
end product markets through organic growth and acquisitions. For
more information on OSI Systems Inc. or any of its subsidiary
companies, visit www.osi-systems.com. This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
include information regarding our expectations, goals or intentions
about the future, including, but not limited to, statements
regarding the anticipated results of development programs, or our
relationship with the US government. The actual results may differ
materially from those described in or implied by any
forward-looking statement. In particular, there can be no assurance
that such growth will occur either at their expected rates or at
all. Other important factors are set forth in our Securities and
Exchange Commission filings. All forward-looking statements speak
only as of the date made, and we undertake no obligation to update
these forward-looking statements.
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