Rapiscan Receives Approximately $2.8 M Contract for MVXR5000 from Civil Aviation Authority in Asia
April 13, 2011 Torrance, CA
Rapiscan Systems, has been awarded orders for approximately $2.8 million to provide state of the art baggage and parcel X-ray inspection systems to a civil aviation authority in Asia. The systems to be provided include Rapiscan’s high speed MVXR5000 Explosives Detection System for screening of checked passenger baggage and Rapiscan’s 600 series X-ray scanners, used for screening of carry-on passenger baggage.
OSI Systems' CEO, Deepak Chopra, stated, “We are excited about the opportunity to provide the latest screening solutions for airport and passenger security. Rapiscan’s broad portfolio allows for optimal configurations to accommodate the most demanding customer requirements.”
The Rapiscan MVXR5000 is capable of screening up to 1,500 bags per hour and features advanced matrixing and networking capabilities. The Rapiscan 600 series carry-on baggage screening solution has been deployed at airports worldwide and features Rapiscan’s proprietary TARGET threat detection software for rapid detection of potential threats.
Rapiscan Systems, Inc., a division of OSI Systems, Inc., is a leading global 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 an installed base globally of 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. As the world?s leading security screening provider, Rapiscan Systems provides state of the art products, solutions and services that meet our customers? most demanding threat detection needs --- while improving their operational efficiency.
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, but not limited to, statements regarding the performance of the Company?s 620DV product. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in the Securities and Exchange Commission filings of OSI Systems, Inc. All forward-looking statements speak only as of the date made, and we undertake no obligation to update these forward-looking statements.
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