OSI Systems Receives $15 Million Contract from World Trade Center for Cargo and Parcel Screening
17 February 2012 - 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 a
contract by the Port Authority of New York and New Jersey to
provide cargo and parcel screening operations for the new World
Trade Center. Under the $15 million contract, Rapiscan will
implement a comprehensive solution and provide security system
design, technology and construction management.
“We are very pleased that the Port Authority of New York and New
Jersey has selected Rapiscan Systems to implement security
screening systems for the new World Trade Center,” said Deepak
Chopra, CEO of OSI Systems. “As shown by this partnership, Rapiscan
is far more than simply a technology company, going beyond hardware
to include logistics, project management, and more, to meet the
exact specifications of customer security needs.”
The new World Trade Center will utilize Rapiscan’s Eagle®
series of high-energy cargo inspection equipment, which use
Rapiscan’s proprietary transmission X-ray technology to detect
potential threats. The Rapiscan Eagle inspection equipment will
also include integrated radiation and nuclear detection
capabilities, allowing Rapiscan to provide a complete screening
solution to address all possible cargo-borne threats.
Ajay Mehra, President of Rapiscan Systems, commented: “We
believe that this important contract demonstrates that when
customers have critical security screening requirements, Rapiscan
is uniquely well positioned to support them, given our ability to
integrate, manage and support complex screening systems in
challenging operational conditions.”
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. News Filter:
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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 solutions to the
Security industry. The actual results may differ materially from
those described in or implied by any forward-looking statement.
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