OSI Systems Awarded $8 Million Contract for RTT Explosive Detection Systems
11 July 2016 - 10:05PM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS) today announced that its
security division, Rapiscan Systems, has been awarded a contract
valued at approximately $8 million from a major international
airport to provide multiple units of Rapiscan Systems' RTT™ 110
(Real Time Tomography) explosives detection system (EDS).
Deepak Chopra, OSI Systems CEO, commented: “We are proud of our
success with RTT EDS technology and its rapid acceptance in the
marketplace. We look forward to serving this airport customer with
a system enabling faster throughput and advanced threat detection
compared to their existing infrastructure.”
The RTT employs a proprietary solid-state approach to provide
high-resolution 3-D imaging and its unique design allows the
efficient inspection of hold baggage and air cargo while
maintaining capability to meet the most recent threat detection
standards. RTT has passed the European Civil Aviation Conference’s
(ECAC) HBS EDS Standard 3 threat detection requirement and has been
deployed by airports and air logistics providers.
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 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/20160711005466/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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