HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI
Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today
announced that its Security division received an order valued at
approximately $9 million to provide ZBV® mobile cargo and
vehicle screening systems and associated service and maintenance.
OSI Systems' Chairman and CEO, Deepak Chopra, stated, "We are pleased
with this award and look forward to providing the ZBV system, which is a
proven solution for rapid explosive and contraband detection in cargo
and vehicles at critical security checkpoints."
About ZBV® Mobile Cargo and Vehicle Screening System
The ZBV®
system allows for immediate deployment and rapid inspection to reveal
explosives, drugs, currency, alcohol, cigarettes, and other organic
threats or contraband.
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 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' Annual Report on
Form 10-K for the year ended June 30, 2017 and other risks described
therein and in documents subsequently filed by OSI Systems from time to
time with the Securities and Exchange Commission.
SOURCE: OSI Systems, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171002005605/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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