Science & Technology
Science and Technology
Science and Technology
Thu, September 30, 2010
Wed, September 29, 2010
OSI Systems Receives $3.5 Million Service and Maintenance Order from U.S. Government for Cargo and Vehicle Inspection Systems
HAWTHORNE, Calif.--([ BUSINESS WIRE ])--OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, has received a contract for approximately $3.5 million from the U.S. government for the service and maintenance of multiple Rapiscan cargo and vehicle inspection systems.
"This contract will support the successful performance of Rapiscan cargo and vehicle inspection equipment in identifying potential threats for the U.S. government. Rapiscana™s global service network is an important reason customers select our solutions."
OSI Systems President and CEO, Deepak Chopra commented: aThis contract will support the successful performance of Rapiscan cargo and vehicle inspection equipment in identifying potential threats for the U.S. government. Rapiscana™s global service network is an important reason customers select our solutions.a
Rapiscan Systems operates a 24x7 global service and support team that provides expert support to customers, from pre-installation operations analysis, to operator training, to installation and on-going maintenance.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems,Inc. is a leading global supplier of security inspection solutions utilizing X-ray andgamma-ray imaging, and advanced threat identification techniques such asneutron and diffractionanalysis. The company's products are sold into fourmarket segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection,Hold Baggage Screening and People Screening. The company has an installed baseglobally of more than 70,000 security and inspection systems. The RapiscanSystems product line is manufactured at four locations and supported by aglobal support service network. The company was recognized for itsmarket leadership with one of theUnited Kingdom's most prestigious distinctions The Queen's Awards forEnterprise and named by Frost & Sullivan as the 2008 North AmericanHomeland Security Inspection and ScreeningCompany of the Year. For more information on RapiscanSystems, please visit [ www.rapiscansystems.com ].
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: OSIS-G
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the company's expectations, goals or intentions about the future, including the Company's contracts to provide solutions to the Security industry.The actual results may differ materially from those described in or implied by any forward-looking statement.
