OSI Systems Receives Certification for RTT® 80 Explosive Detection System
27 April 2015 - 11:05PM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS), today announced that its
Rapiscan RTT® 80 (Real Time Tomography) explosives detection system
(EDS) has achieved U.S. Transportation Security Laboratory
certification for airport checked-baggage screening.
Deepak Chopra, OSI Systems CEO, commented: “We are pleased that
RTT 80 has achieved this important regulatory milestone, meeting
the rigorous performance standards required by the Department of
Homeland Security.” Mr. Chopra continued: “We believe RTT can
deliver benefits to airports in terms of screening capacity,
reliability, security and cost of ownership and we appreciate TSA’s
approval of this ground-breaking technology.”
The RTT employs a proprietary, solid-state approach to provide
high-resolution, 3-D imaging. Its unique design allows for
high-speed inspection of hold baggage and air cargo, while also
meeting recent threat detection standards. RTT has also passed the
European Civil Aviation Conference’s (ECAC) HBS EDS Standard 3
threat detection requirement and has been deployed by airports
globally.
The company expects to submit its Rapiscan RTT® 110 explosives
detection system for TSA certification testing in fiscal 2016. The
RTT 110 employs the same underlying technology as the RTT 80, but
offers a larger tunnel size, capable of screening larger items.
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. It combines 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:
OSIS-G
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 makes no prediction
regarding the outcome of any upcoming testing by the U.S.
Transportation Security Laboratory or the U.S. Transportation
Security Administration (TSA) of the RTT® 110 or plans, if any, by
the TSA to procure hold baggage screening systems such as the RTT,
now or in the future. 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 VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jul 2023 to Jul 2024