OSI Systems Awarded $7 Million Contract to Provide Checkpoint Inspection Systems
April 25 2017 - 8:30AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division was awarded a multi-year contract valued at
approximately $7 million to provide Rapiscan 620XR baggage and
parcel inspection systems, including follow on maintenance and
support services, to a prominent international airport authority.
The Rapiscan 620XR system with single view platform has an
innovative design that allows for bi-directional operation and
excellent threat detection capabilities.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are
pleased to receive this award and look forward to helping this
customer further secure its transportation infrastructure with our
advanced threat detection technology for checkpoint baggage
screening.”
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 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, Inc. or any of its
subsidiary companies, visit www.osi-systems.com. News Filter:
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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, 2016 and other risks described in documents filed by OSI
Systems from time to time with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20170425005745/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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