HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI
Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of
specialized electronics and services, today announced that its Security
division, Rapiscan Systems, has been awarded a multimillion dollar
contract from a prominent customs agency based in Europe for high speed
rail inspection solutions using the Rapiscan Eagle® R60 Rail scanner
platform. The high energy rail inspection system will allow cargo trains
to be screened as they travel at speeds of up to thirty five miles per
hour.
OSI Systems CEO, Deepak Chopra, stated, "We are especially pleased to
have been awarded a contract from this key customer." Mr. Chopra
continued: "With its high speed throughput and superior threat detection
capabilities, the Eagle R60 is an example of our technical leadership
and ability to meet our customers' most demanding requirements."
Rapiscan Systems President, Ajay Mehra commented, "Rapiscan Systems is
the only security screening company that offers ultra-high speed
comprehensive inspection of rail borne commerce, which is an
increasingly important part of today's global supply chain." Mr. Mehra
continued: "We look forward to this implementation in an identified
growth region."
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 solutions to the Security industry. The actual results
may differ materially from those described in or implied by any
forward-looking statement.
OSI Systems Inc
Ajay Vashishat
Vice President, Business
Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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