OSI Systems Announces Inclusion of Four Products on TSA Technology List for Air Cargo Inspection
HAWTHORNE, Calif., Sep 21, 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 the Rapiscan 620DV, Rapiscan 632DV, Rapiscan 638DV and Rapiscan MVXR5000 have been included on the Transportation and Security Administration's ("TSA") Candidate Technology List for Air Cargo Inspection.
OSI Systems CEO, Deepak Chopra, stated, "The Rapiscan 632DV and Rapiscan 638DV were developed and launched this year specifically for the emerging air cargo market. Their inclusion on the TSA Candidate Technology List along with the previously introduced Rapiscan 620DV and Rapiscan MVXR5000 underscores our ability to develop solutions that meet the evolving needs of our customers. Our innovation and expertise make us highly qualified to serve the global air cargo community. We look to continue to expand our screening options available to air cargo companies globally."
The TSA's Certified Cargo Screening Program requires 100% inspection of air cargo carried on passenger airplanes by August 2010. To date the Company's air cargo products have been deployed by a range of air cargo companies, including Indirect Air Carriers (IACs), passenger and cargo-only airlines, freight forwarders and other commercial freight companies.
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 air cargo inspection products that are on the TSA Candidate Technology List.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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