OSI Systems Receives Order for RTT Hold Baggage Screening Systems
19 November 2015 - 6:30AM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS) today announced that HTDS, its
French distributor for Rapiscan Systems, has received a multi-year
framework contract to provide the RTT® 110 (Real Time Tomography)
explosives detection system (EDS) to Charles de Gaulle and Orly
international airports located near Paris, France. The company
stated that it has received an initial order to deliver four units,
and that it has not received any indication of additional orders
under this framework agreement at this time.
The RTT employs a proprietary, solid-state approach to create
high-resolution, 3-D imaging and its stationary gantry design
enables baggage to be screened at higher speeds, allowing the RTT
to be installed “in-line” within an airport’s existing baggage
handling network without slowing that system down.
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:
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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, 2015 and other risks described in documents filed by
the Company from time to time with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20151118006540/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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