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OSI Systems Receives an Approximate $12 Million Contract from DHL to Provide Pan-European Air Cargo Screening Solutions

^{Published on 2011-04-27 05:06:27 - Market Wire}
 

HAWTHORNE, Calif.--([ BUSINESS WIRE ])--[ OSI Systems, Inc. ] (NASDAQ:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its security division, Rapiscan Systems, has been awarded a pan-European contract valued at approximately $12 million by DHL, one of the worlda™s leading logistics and air cargo companies. The systems to be provided include Rapiscana™s high speed MVXR 5000 Explosives Detection Systems, which are used for screening of very high volumes of parcels, as well as Rapiscana™s 600 series large tunnel dual view air cargo X-ray scanners, which are designed to screen large parcels and air cargo pallets. The Rapiscan screening solutions will enable DHL to further enhance their robust security capabilities.

"We look forward to providing these screening solutions to DHL.With a broad range of qualified inspection platforms for air cargo screening, OSI stands to benefit as companies handling air cargo continue to upgrade their security infrastructure."

OSI Systems' CEO, Deepak Chopra, stated, aWe look forward to providing these screening solutions to DHL.With a broad range of qualified inspection platforms for air cargo screening, OSI stands to benefit as companies handling air cargo continue to upgrade their security infrastructure.a

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.