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 contract by the Port
Authority of New York and New Jersey to provide cargo and parcel
screening operations for the new World Trade Center. Under the $15
million contract, Rapiscan will implement a comprehensive solution and
provide security system design, technology and construction management.
"We are very pleased that the Port Authority of New York and New Jersey
has selected Rapiscan Systems to implement security screening systems
for the new World Trade Center," said Deepak Chopra, CEO of OSI Systems.
"As shown by this partnership, Rapiscan is far more than simply a
technology company, going beyond hardware to include logistics, project
management, and more, to meet the exact specifications of customer
security needs."
The new World Trade Center will utilize Rapiscan's Eagle® series
of high-energy cargo inspection equipment, which use Rapiscan's
proprietary transmission X-ray technology to detect potential threats.
The Rapiscan Eagle inspection equipment will also include integrated
radiation and nuclear detection capabilities, allowing Rapiscan to
provide a complete screening solution to address all possible
cargo-borne threats.
Ajay Mehra, President of Rapiscan Systems, commented: "We believe that
this important contract demonstrates that when customers have critical
security screening requirements, Rapiscan is uniquely well positioned to
support them, given our ability to integrate, manage and support complex
screening systems in challenging operational conditions."
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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