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 received a notice of award for
approximately $4 million from a major Asian international airport for
the service and maintenance of its checkpoint screening and hold baggage
inspection systems.
OSI Systems President and CEO, Deepak Chopra, commented: "Leveraging
Rapiscan's global support network, we look forward to servicing this key
international customer located in a high growth region. With a growing
international presence, over half of our security revenues are from
outside the U.S. We continue to see strong international demand for full
life cycle support for inspection platforms, which allows customers to
focus their efforts on screening operations while we provide seamless
service and maintenance of the related infrastructure."
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
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