OSI Systems Announces Receipt of Approximate $2.2 Million Contract from Delhi Metro Rail Company for Baggage X-Ray Scanning Systems
HAWTHORNE, Calif., Nov 19, 2009 (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 contract by the Delhi Metro Rail Corporation, the mass transit system set up by the Government of India and the Government of the National Capital Territory of Delhi, valued at approximately $2.2 million to provide advanced security screening systems for the inspection of passengers' baggage.
Under the terms of the contract, the Delhi Metro Rail Corporation has purchased multiple Rapiscan Systems 600 series checkpoint X-ray baggage scanners to deploy in underground metro corridor and surface rail corridor stations throughout Delhi. The procurement is part of a multi-phase effort by the Delhi Metro Rail Corporation to upgrade its security screening processes as its transit network expands, and was awarded following a competitive tender.
OSI Systems CEO, Deepak Chopra, stated, "We are pleased that the Delhi Metro Rail Corporation has chosen Rapiscan Systems technology to help it improve security for the traveling public. The Rapiscan 600 series combination of outstanding detection performance, reliability and throughput makes it an excellent solution for mass transit security applications worldwide. This award demonstrates our commitment to the Indian market and we look forward to continued growth in the region."
The Rapiscan Systems 600 series is one of the world's most widely deployed high performance X-ray scanning systems and is used for aviation, mass transit, event security and other mission critical security applications. Its large tunnel dimensions allow it to efficiently scan the bags of passengers travelling by train. It is capable of quickly distinguishing organic and inorganic threats. As with all systems in Rapiscan's 600 series, the systems are built on a standardised platform which makes it easy to install and maintain, and it benefits from features such as dual-energy detection, advanced image archiving, Rapiscan's user-friendly software and a streamlined and ergonomic design.
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 its baggage and parcel inspection systems. 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 cargo 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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