HAWTHORNE, Calif.--(BUSINESS WIRE)--
OSI
Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today
announced that its Security division was awarded a contract valued at
approximately $21 million from an international customs agency for X-ray
based cargo and vehicle inspection systems. This contract value includes
a multi-year service agreement for integration and follow on maintenance
and support. The Company expects to provide multiple units of its
gantry-based cargo and vehicle inspection system, the Rapiscan®
Eagle® G60, which provides highly-automated scanning of dense
and densely packed cargo.
OSI Systems' Chairman and CEO, Deepak Chopra, stated, "We are very
pleased with this award and look forward to serving this key customer
through all phases of deployment from planning and construction to
maintenance and follow on service and support."
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' 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/20171017005743/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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