OSI Systems Awarded Approximately $29 Million in Advanced Cargo and Customs Screening Contracts from U.S. Customs and Border Protection
HAWTHORNE, Calif., Oct 27, 2009 (BUSINESS WIRE) -- OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronic products for critical applications announced that its Security division, Rapiscan Systems, has received approximately $29 million in orders from the U.S. Customs and Border Protection ("CBP") to provide multiple units of its advanced cargo and vehicle inspection solutions for customs inspections and security screening and various air and sea ports of entry.
The products to be provided under the contract reflect the broad range of Rapiscan's cargo and checkpoint inspection product line including the Rapiscan Eagle Mobile and the Rapiscan GaRDS Portal. The fixed and mobile configurations utilizing both X-ray and gamma-ray technology provide the U.S. government with a comprehensive inspection solution for the detection of a wide variety of threats and contraband.
OSI Systems CEO, Deepak Chopra, stated, "We are excited to announce the contract awards from U.S. CBP again underscoring the advantages of our diverse product portfolio. The mix of fixed and mobile solutions allows for greater mobility and operational flexibility when it comes to the inspection of trucks and shipping containers entering the United States."
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 contract to provide an advanced security inspection systems to the United States Government. The actual results may differ materially from those described in or implied by any forward-looking statement. In particular, the timing, and delivery of the inspection systems may not ultimately remain in line with the Company's current expectations.Other important factors are set forth in the Securities and Exchange Commission filings OSI Systems, Inc. All forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
SOURCE: OSI Systems, Inc.
OSI Systems Inc
Jeremy Norton
Vice President, Investor Relations
310-349-2372
jnorton@osi-systems.com
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