OSI Systems Reaches Agreement with DHS
22 October 2014 - 11:30PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division, Rapiscan Systems, and the Department of Homeland
Security (DHS) have entered into an Addendum to the Administrative
Agreement signed in June 2013. Among other compliance measures, the
Addendum extends the duration of the Administrative Agreement.
OSI Systems Chief Executive Officer, Deepak Chopra, commented,
“We are pleased to have reached this agreement with DHS. U.S.
federal government agencies are counted among our closest and
longest standing customer relationships and we look forward to
continuing to provide these customers with state of the art
technologies and services in years to come.”
About OSI Systems, Inc.
OSI Systems, Inc. is a provider 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
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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 statements. 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, 2014 and other risks described in documents filed by
the Company from time to time with the Securities and Exchange
Commission.
OSI Systems, Inc.Ajay Vashishat, 310-349-2237Vice
President, Business Developmentavashishat@osi-systems.com
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