OSI Systems Announces Approximately $8.0 Million in Orders For Its Personnel Screener, Secure 1000 Product OSI Systems Announces Approximately $8.0 Million in Orders For Its Personnel Screener, Secure 1000 Product
The company began shipping the Secure 1000 units under these orders in the third quarter of fiscal 2005. Shipping is scheduled to continue into the fourth quarter of fiscal 2005 and the first quarter of fiscal 2006.
President of Rapiscan Systems Ajay Mehra stated, "We are pleased to announce these significant orders for the Secure 1000 in the non-aviation sector. Our customers understand the advantages of the Secure 1000 when compared to current trace portal technologies and manual pat-down searches. We intend to continue to grow the market for the Secure 1000's in both the aviation and non-aviation markets. As mentioned on the company's third quarter earnings call, the Secure 1000 body scanner is involved in various aviation security pilot programs, both internationally and domestically."
The Rapiscan Secure 1000 is non-intrusive personnel screening system designed to detect metallic and nonmetallic threat objects, utilizing Rapiscan's proprietary backscatter X-ray technology. The Secure 1000 enables security personnel to detect ceramic, plastic, metallic, organic and other contraband or security threats. The system provides a comprehensive body search in seconds, eliminating the need for intrusive hands-on body searches by security personnel.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc., is a leading supplier of high quality security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and diffraction analysis. The company's products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and People Screening. The company has an installed base globally of more than 50,000 security and inspection systems. The Rapiscan Systems product line is manufactured at four locations and supported by a global support service network. For more information on Rapiscan Systems, please visit www.rapiscansystems.com .
About OSI Systems, Inc.
OSI Systems Inc. is a Hawthorne, Calif.-based diversified global developer, manufacturer and seller of security and inspection systems, medical monitoring products, and optoelectronic-based components, as well as a provider of engineering and manufacturing services. The company has more than 30 years of experience in electronics engineering and manufacturing, and maintains offices and production facilities located in more than a dozen countries. OSI Systems implements a strategy of expansion by leveraging its electronics and contract manufacturing capabilities into selective end product markets through organic growth and acquisitions. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com.
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 our expectations, goals or
intentions about the future, including, but not limited to, statements
regarding the performance or market acceptance of our security
products. The actual results may differ materially from those described
in or implied by any forward-looking statement. In particular, there
can be no assurance that such growth will occur either at their
expected rates or at all. Other important factors are set forth in our
Securities and Exchange Commission filings. All forward-looking
statements speak only as of the date made, and we undertake no
obligation to update these forward-looking statements.
Contact:
OSI Systems, Inc.
Jeremy Norton, 310-349-2237