OSI Systems Receives $5 Million Order for Mobile Cargo Inspection Systems
12 March 2013 - 11:00PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division, Rapiscan Systems, received orders for
approximately $5 million from a Central Asian customer to provide
multiple units of its Rapiscan Eagle® high energy X-ray mobile
cargo and vehicle inspection system.
OSI Systems CEO, Deepak Chopra commented, “We are pleased that
this customer selected our mobile inspection platform. The Eagle
mobile inspection system can be deployed in minutes and moved
rapidly to different locations allowing the customer to optimize
the system’s usage and quickly address the evolving security
threats.”
Eagle® Cargo and Vehicle Inspection Systems
OSI System’s line of Eagle® cargo and vehicle inspection systems
are used by customs agencies, military organizations and homeland
security worldwide providing outstanding image quality and threat
detection, while maximizing the operational effectiveness of
customers. Eagle cargo and vehicle inspection systems use
proprietary transmission X-ray technology that penetrates well
beyond the surface of a container or vehicle to provide
comprehensive detection of threats.
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 the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements relate to the Company’s current
expectations, beliefs, projections and similar expressions
concerning matters that are not historical facts and are not
guarantees of future performance. Forward-looking statements
involve uncertainties, risks, assumptions and contingencies, many
of which are outside the Company’s control, that may cause actual
results to differ materially from those described in or implied by
any forward-looking statement. All forward-looking statements are
based on currently available information and speak only as of the
date on which they are made. The Company assumes no obligation to
update any forward-looking statement made in this press release
that becomes untrue because of subsequent events, new information
or otherwise, except to the extent it is required to do so in
connection with its ongoing requirements under Federal securities
laws. For a further discussion of these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in the Company’s Annual Report on Form 10-K for the year
ended June 30, 2012 and other risks described in documents
subsequently filed by the Company from time to time with the
Securities and Exchange Commission.
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