OSI Systems Commences Operations in Uruguay for Cargo Turnkey Screening Services
08 October 2024 - 11:30PM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Security division has successfully
commenced operations in Uruguay in collaboration with its Ministry
of Economics and Finance to enhance security and efficiency at
Uruguay's ports and borders through advanced customs screening
applications.
OSI Systems CEO Deepak Chopra commented, "We are excited to
begin the operational phase and look forward to supporting
Uruguay’s customs and border security activity.”
The Company is utilizing the EAGLE® T60 high-energy,
trailer-mounted vehicle inspection systems, performing security
screening and remote image analysis utilizing its proprietary
CertScan® integration platform, and will also provide ongoing
management training and maintenance, service and support.
Mr. Chopra continued, "Our team recently participated in a
ribbon-cutting ceremony with Uruguay’s government leadership,
marking this significant step. With our advanced cargo screening
technology and expertise, we're helping safeguard trade routes and
foster economic stability in the region."
The Company has turnkey border and port inspection programs in
operation with multiple international customs, border, and port
authorities. These turnkey inspection programs have proven highly
successful, improving public safety and security and increasing the
accuracy of customs declarations. Under these programs, the
Company, through its S2 Global business, typically manages cargo
scanning equipment, supervises inspection site construction and
network design, and trains local staff to analyze data on the
CertScan platform. This platform integrates images and data like
cargo manifests, biometrics, container and vehicle numbers, and
customs declarations.
About OSI Systems
OSI 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 any of its
subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G
Forward-Looking Statements
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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241008046215/en/
OSI Systems, Inc. Ajay Vashishat Vice President, Business
Development 310-349-2237 avashishat@osi-systems.com
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Sep 2024 to Oct 2024
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Oct 2023 to Oct 2024