OSI Systems Awarded Approximate $25 Million Contract from U.S. Government for Cargo & Vehicle Inspection Systems
02 February 2010 - 12:00AM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated
provider of specialized electronics and services, today announced
that its Security division, Rapiscan Systems, has been awarded an
approximate $25 million contract from the United States Government
for the purchase of multiple advanced security screening systems
from the Company’s cargo and vehicle inspection (CVI) product
line.
Deepak Chopra, CEO and Chairman of OSI Systems, commented: “This
contract award is a reflection of our commitment to design products
that can operate in challenging environments. We believe our focus
on ease-of-deployment, reliability and unsurpassed threat detection
makes our cargo and vehicle inspection solutions an excellent
choice for the U.S. Government and for governments worldwide.”
Rapiscan Systems line of Cargo and Vehicle Inspection products
provides comprehensive non-intrusive screening of cargo containers,
trucks, light vehicles and cars. Using a range of proprietary
X-ray, gamma-ray and neutron-based technologies, these systems can
detect concealed weapons, narcotics, contraband and other potential
threats in even densely packed and shielded containers. The
Company’s CVI solutions are used extensively for military force
protection, border and port screening, customs enforcement,
protection of critical infrastructure, screening of air cargo, as
well as other homeland security applications. Supported by a global
engineering, manufacturing and service infrastructure, Rapiscan
Systems CVI solutions are deployed worldwide by customers including
NATO, U.S. government agencies, UK Customs, and the European
Union.
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 to provide its cargo and vehicle
inspection systems. 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 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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