NATO Awards Rapiscan Systems $5 Million Contract for Integrated Security Screening Solution
December 1, 2009 Hawthorne, CA
Rapiscan Systems, Inc., a leading global supplier of security inspection solutions, announced today that, following a global competitive tender, it has been awarded a $5 million USD contract by the North Atlantic Treaty Organization (NATO) to provide an integrated security screening solution that includes advanced vehicle, cargo, baggage and personnel screening systems. This state of the art equipment will be used to inspect vehicles, cargo, personnel and baggage.
Rapiscan Systems President, Ajay Mehra, stated, We are pleased NATO has chosen Rapiscan to meet its requirements for reliable and comprehensive threat detection. This award demonstrates our ability to provide end-to-end, layered security screening solutions that address a wide-range of threats in the most demanding environments. Mr. Mehra continued: ?This assignment builds on Rapiscan?s experience providing military force protection solutions worldwide. We look forward to working with NATO to help it fulfill its mission in Afghanistan.?
The award by NATO is the latest in a number of recent awards to Rapiscan Systems for integrated security systems that combine cargo, vehicle and personnel screening. Within the past twelve months, Rapiscan has also received contracts from the U.S. government, UK Customs, the European Union and multiple customers in Asia and the Middle East.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier of security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and diffraction analysis. The company?s products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and People Screening. The company has sold more than 70,000 security and inspection systems. The Rapiscan Systems product line is manufactured at four locations and supported by a global support service network. For more information on Rapiscan Systems, please visit www.rapiscansystems.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include information regarding the company's expectations, goals or intentions about the future, including, the Company's contracts to provide its systems. The actual results may differ materially from those described in or implied by any forward-looking statement. In particular, the timing, and delivery of the inspection systems may not ultimately remain in line with the Company's current expectations. Other important factors are set forth in the Securities and Exchange Commission filings OSI Systems, Inc. All forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
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