HAWTHORNE, Calif.--(BUSINESS WIRE)--Sep. 27, 2018--
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today
announced that its Security division received a contract to provide its
Rapiscan®920CT checkpoint system with an integrated Tray
Return System (TRS™), Metor® 6S High Sensitivity Metal
Detector and Itemiser® 4DX Explosive Trace Detection systems
for Avalon Airport near Melbourne, Australia. The Company’s products are
expected to support Avalon’s expansion effort to become an international
airport by December 2018.
OSI Systems’ Chairman and CEO, Deepak Chopra, stated, "We are pleased to
receive our first 920CT order and support Avalon’s mission with our
latest CT checkpoint technology enabling greater threat detection and
passenger throughput."
The Rapiscan Systems 920CT is designed to increase the security and
efficiency of checkpoint operations. The advanced threat detection
software embedded within the system is capable of quickly identifying
and highlighting potential threats. The 920CT has also been engineered
to work in conjunction with the Company’s Rapiscan Tray Return System
(TRS™). Earlier this year, the 920CT received Standard C2 approval by
the European Civil Aviation Conference (ECAC) for airport checkpoints.
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: https://www.businesswire.com/news/home/20180927005260/en/
Source: OSI Systems, Inc.
OSI Systems, Inc.
Ajay Vashishat
Vice President,
Business Development
310-349-2237
avashishat@osi-systems.com
