HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today
announced that its Security division received an order for approximately
$16 million from an airport customer in Panama to provide multiple
security inspection platforms, including the Rapiscan®
Systems RTT® 110 (Real Time Tomography) explosive detection
system for screening checked baggage and the 620DV (Dual-View)
checkpoint screening system for screening carry-on baggage, and
follow-on service and support.
OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are pleased
to announce our first RTT award in Latin America and look forward to
serving this customer utilizing our advanced baggage inspection systems
that are designed to enhance airport security and passenger safety."
The RTT® employs a proprietary solid-state approach to
provide high-resolution 3-D imaging, and its unique design allows the
efficient inspection of hold baggage and air cargo while maintaining
capability to meet the most recent threat detection standards. RTT®
has passed the European Civil Aviation Conference's (ECAC) HBS EDS
Standard 3 threat detection requirement and has been deployed by
numerous airports and air logistics providers.
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.
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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, projections and
similar expressions concerning matters that are not historical facts and
are not guarantees of future performance. Forward-looking statements
involve uncertainties, risks, assumptions and contingencies, many of
which are outside OSI Systems' control that may cause actual results to
differ materially from those described in or implied by any
forward-looking statements. All forward-looking statements 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
SOURCE: OSI Systems, Inc.
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OSI Systems, Inc.
Ajay Vashishat, 310-349-2237
Source: OSI Systems, Inc.
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