OSI Systems Receives $9 Million Order for Cargo and Vehicle Inspection Systems
June 22 2017 - 9:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division has received an order for approximately $9
million from an international customer to provide multiple units of
its Rapiscan® Eagle® P60 high-energy, drive-through cargo and
vehicle inspection system. The P60 system is well suited for heavy
traffic gateways such as ports and border crossings.
OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We look
forward to providing this customer with our P60 cargo scanning
solution as its features of high penetration and resolution allow
for the efficient inspection of dense and cluttered cargo.”
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 therein and 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/20170622005578/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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