Rapiscan Systems Opens New Headquarters to Meet Increased Demand for Inspection Technologies
16 August 2007 - 12:48AM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider
of specialized electronic products for critical applications in the
security and healthcare industries, announced that on Tuesday,
August 14, 2007 its Security division, Rapiscan Systems, held the
opening of its new 95,000 square foot headquarters in Torrance,
California. The new facility represents a 400 percent increase in
Rapiscan�s U.S. production floor space. Representative Jane Harman
(D-CA) � Chair of the Homeland Security Subcommittee on
Intelligence, Information Sharing and Terrorism Risk Assessment �
was on hand to cut the ribbon at the ceremony. The facility enables
the Company to more efficiently meet increased market demands for
its products and services both domestically and abroad. Rapiscan
Systems has recently experienced a dramatic increase in the need
for its inspection technologies. The new headquarters allow for the
continued expansion of both operations and increased sales.
President of Rapiscan Systems, Ajay Mehra, stated, "We are
extremely excited to be opening our new headquarters. This
announcement represents years of hard work that have gone into
expanding Rapiscan�s business. The work that is happening in
Torrance is an important part of our nation's security. The
products being developed and manufactured here represent some of
the most sophisticated and comprehensive inspection technologies
available today." 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 which is 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. and its subsidiaries is a vertically integrated
designer and manufacturer of specialized electronic systems and
components for critical applications. The Company sells its
products in diversified markets, including homeland security,
healthcare, defense and aerospace. 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 the company�s
expectations, goals or intentions about the future, including, the
anticipated level of demand for the Company�s security systems or
its ability to efficiently meet such increased demand. The actual
results may differ materially from those described in or implied by
any forward-looking statement. Other important factors are set
forth in the Securities and Exchange Commission filings of OSI
Systems, Inc. All forward-looking statements speak only as of the
date made, and the company undertakes no obligation to update these
forward-looking statements.
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