OSI Systems Awarded $5 Million Contract from NATO for Integrated Security Screening Solution
02 December 2009 - 12:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated
provider of specialized electronic products for critical
applications in the Security and Healthcare industries, today
announced that following a competitive international tender its
Security division, Rapiscan Systems, has been awarded a $5 million
contract by the North Atlantic Treaty Organization (NATO) to
provide an integrated security screening solution that includes
advanced vehicle, cargo, baggage and personnel screening systems.
The equipment is expected to be used by NATO for the inspection of
vehicles, cargo, personnel and baggage.
OSI Systems CEO, Deepak Chopra, stated “We are pleased NATO has
chosen Rapiscan to meet its requirements for reliable and
comprehensive threat detection. This award demonstrates our ability
to provide end-to-end, layered security screening solutions that
address a wide-range of threats in the most demanding environments.
This assignment builds on Rapiscan’s experience providing military
force protection solutions worldwide. We look forward to working
with NATO to help it fulfill its mission in Afghanistan.”
The award by NATO is the latest in a number of recent awards to
Rapiscan Systems for integrated security systems that combine
cargo, vehicle and personnel screening. Within the past twelve
months, Rapiscan has also received contracts from the U.S.
government, UK Customs, the European Union and multiple customers
in Asia and the Middle East.
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 contracts with NATO for a broad range of
security inspection products. 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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