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OSI Systems Awarded Approximate $25 Million Contract from U.S. Government for Cargo & Vehicle Inspection Systems 

08:34 GMT, February 2, 2010 HAWTHORNE, Calif. | OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, has been awarded an approximate $25 million contract from the United States Government for the purchase of multiple advanced security screening systems from the Company’s cargo and vehicle inspection (CVI) product line.

Deepak Chopra, CEO and Chairman of OSI Systems, commented: “This contract award is a reflection of our commitment to design products that can operate in challenging environments. We believe our focus on ease-of-deployment, reliability and unsurpassed threat detection makes our cargo and vehicle inspection solutions an excellent choice for the U.S. Government and for governments worldwide.”

Rapiscan Systems line of Cargo and Vehicle Inspection products provides comprehensive non-intrusive screening of cargo containers, trucks, light vehicles and cars. Using a range of proprietary X-ray, gamma-ray and neutron-based technologies, these systems can detect concealed weapons, narcotics, contraband and other potential threats in even densely packed and shielded containers. The Company’s CVI solutions are used extensively for military force protection, border and port screening, customs enforcement, protection of critical infrastructure, screening of air cargo, as well as other homeland security applications. Supported by a global engineering, manufacturing and service infrastructure, Rapiscan Systems CVI solutions are deployed worldwide by customers including NATO, U.S. government agencies, UK Customs, and the European Union. 
 

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Country: Germany Type: Industry & Suppliers Status: premium
Company or Organisation Portrait:
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.
 
Company or Organisation Contact:
OSI Systems Inc.
Jeremy Norton, Vice President, Investor Relations
+1-310-349-2372
jnorton@osi-systems.com
 

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