HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today
announced that its Security division received a follow-on order for
approximately $21 million to provide multiple additional units of its RTT®
110 (Real Time Tomography) explosive detection systems that will
be installed at Charles de Gaulle international airport located near
Paris, France.
OSI Systems' Chairman and CEO, Deepak Chopra, commented, "We are pleased
to announce this RTT order and look forward to continuing to serve this
customer. Our RTT checked baggage solution's installed base continues to
grow with European airports that are actively seeking to upgrade their
screening infrastructure to the latest aviation threat detection
standards."
The RTT® employs a proprietary solid-state approach to
provide high-resolution 3-D imaging, and its unique design allows the
efficient inspection of hold baggage and air cargo while maintaining
capability to meet the most recent threat detection standards. RTT®
has passed the European Civil Aviation Conference's (ECAC) HBS EDS
Standard 3 threat detection requirement and has been deployed by
numerous airports and air logistics providers.
About OSI Systems
OSI Systems 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.
The Company combines more than 40 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 or
any of its subsidiary companies, visit www.osi-systems.com.
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Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995, Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-looking statements
relate to OSI Systems' current expectations, beliefs, projections and
similar expressions concerning matters that are not historical facts and
are not guarantees of future performance. Forward-looking statements
involve uncertainties, risks, assumptions and contingencies, many of
which are outside OSI Systems' control that may cause actual results to
differ materially from those described in or implied by any
forward-looking statements. All forward-looking statements are based on
currently available information and speak only as of the date on which
they are made. OSI Systems assumes no obligation to update any
forward-looking statement made in this press release that becomes untrue
because of subsequent events, new information or otherwise, except to
the extent it is required to do so in connection with its ongoing
requirements under Federal securities laws. For a further discussion of
factors that could cause OSI Systems' future results to differ
materially from any forward-looking statements, see the section entitled
"Risk Factors" in OSI Systems' most recently filed Annual Report on Form
10-K and other risks described therein and in documents subsequently
filed by OSI Systems from time to time with the Securities and Exchange
Commission.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180117005546/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President,
Business Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
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