OSI Systems Awarded Service Contract Valued at up to $5 Million for Checkpoint Inspection Systems
03 June 2019 - 10:30PM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Security division was awarded a
multi-year U.S. state contract, valued at up to approximately $5
million, to provide comprehensive service and maintenance support
for Rapiscan® baggage and parcel checkpoint inspection systems
installed at correctional facilities and detection centers.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are
pleased with this award. Rapiscan is continually counted on to
provide service and onsite support for inspection platforms
installed at critical checkpoints. We look forward to supporting
this customer’s mission to secure its facilities and protect its
employees.”
The Company operates a global support team 24x7x365 at multiple
Customer Experience (CX) Centers worldwide. The CX team delivers
OEM technical support, a world-class training portfolio and
strategically located factory field service engineers.
About OSI SystemsOSI Systems 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. The Company combines
more than 40 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 or its
subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G
Forward-Looking StatementsThis 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 OSI Systems’ current expectations, beliefs,
and projections concerning matters that are not historical facts.
Forward-looking statements are not guarantees of future performance
and involve uncertainties, risks, assumptions, and contingencies,
many of which are outside OSI Systems’ control and which may cause
actual results to differ materially from those described in or
implied by any forward-looking statements. Undue reliance should
not be placed on forward-looking statements, which are based on
currently available information and speak only as of the date on
which they are made. OSI Systems 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 factors that could cause OSI
Systems’ future results to differ materially from any
forward-looking statements, see the section entitled "Risk Factors"
in OSI Systems’ most recently filed Annual Report on Form 10-K and
other risks described therein and in documents subsequently filed
by OSI Systems from time to time with the Securities
and Exchange Commission.
SOURCE: OSI Systems, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20190603005332/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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