OSI Systems Receives $17.2 Million IDIQ from U.S. Customs & Border Protection for Mobile X-Ray Inspection Vans
27 October 2009 - 11:00PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated
provider of specialized electronic products for critical
applications, announced today that the U.S. Customs & Border
Protection (“CBP”) released a contract award notice for a $2.8
million order to OSI Systems’ Security division, Rapiscan Systems,
for the purchase of Mobile X-ray inspection vans. The award is the
first to be placed under the terms of Rapiscan Systems' recently
received $17.2 million Indefinite Delivery, Indefinite Quantity
(IDIQ) contract from the U.S. CBP. Funding for the purchase was
provided to CBP through the American Recovery and Reinvestment Act
of 2009.
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications in the homeland security,
healthcare, defense and aerospace industries. We combine more
than 30 years of electronics engineering and manufacturing
experience with offices and production facilities in more than
a dozen countries to implement a strategy of expansion into
selective end product markets. For more information on OSI Systems
Inc. or any of its subsidiary companies, visit www.osi-systems.com.
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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 Company’s contract to provide an advanced security
inspection systems to the United States Government. The actual
results may differ materially from those described in or implied by
any forward-looking statement. In particular, the timing, and
delivery of the inspection systems may not ultimately remain in
line with the Company’s current expectations. Other important
factors are set forth in the Securities and Exchange Commission
filings 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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