OSI Systems Receives $11 Million Order from U.S. Government Agency to Provide Maintenance & Support Services for Inspection S...
July 10 2013 - 8:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division, Rapiscan Systems, has received an order for
approximately $11 million from a U.S. government agency for
maintenance and related services to support Rapiscan systems that
inspect cargo, vehicles, baggage and parcels.
OSI Systems President and CEO, Deepak Chopra commented, “We are
pleased to support this key U.S. government agency. We offer full
life cycle support for our wide array of inspection systems and
that 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:
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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 the Company’s 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 the Company’s control, that may cause actual
results to differ materially from those described in or implied by
any forward-looking statement. All forward-looking statements are
based on currently available information and speak only as of the
date on which they are made. The Company 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 these and other factors that
could cause the Company’s future results to differ materially from
any forward-looking statements, see the section entitled “Risk
Factors” in the Company’s Quarterly Report on Form 10-Q for the
quarter ended March 31, 2013 and other risks described in documents
filed by the Company from time to time with the Securities and
Exchange Commission.
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