Rapiscan Systems Awarded $2 Million Contract to Complete Development of Advanced Rad-Nuke Detection
January 21, 2009 Torrance, CA
Rapiscan Systems, a leading global supplier and manufacturer of security inspection systems for homeland security applications, announced today that its Research and Development division, Rapiscan Laboratories, has received a contract for approximately $2 million from the U. S. Department of Homeland Securitys Domestic Nuclear Detection Office (DNDO). Under the terms of the contract award, the Company will complete the development of an advanced technology that would be capable of detecting weapons of mass destruction such as nuclear weapons and radiological dispersal devices (i.e. dirty bombs). The technology is to be incorporated on the Rapiscan Eagle Portal and used for the inspection of trucking and shipping containers.
This contract represents the culmination of a four-year development program conducted by Rapiscan Systems. The enhanced Rapiscan Eagle Portal, incorporating the Companys proprietary Auto-Z algorithm which provides automatic detection of high-atomic-number materials associated with nuclear weapons as well as shielding materials, recently completed a preliminary evaluation conducted by government experts at the Companys testing facility where it was able to detect simulated nuclear threats in a variety of cargo. Upon completion of the contract award, it is expected that the DNDO will deploy the system at a U.S. port for pilot testing where it will be operated under controlled conditions within the ports normal stream of cargo commerce.
Ajay Mehra, President of Rapiscan Systems, stated, This contract demonstrates Rapiscan Systems long-standing leadership and success in developing technologies to better detect radioactive and nuclear threats.It leverages and enhances our highly successful Eagle High Energy X-ray Cargo Inspection portal. Further, it underscores the commitment and quality of our scientists and engineers at Rapiscan Laboratories. The teams expertise in neutronics, X-ray imaging and detection algorithms is above reproach and provides the vision for the development of world-class, advanced inspection technologies and products.
The Rapiscan Eagle Portal is a drive-through X-ray imaging system capable of penetrating dense cargo at increased inspection rates without the impeding the flow of commerce. The system is part of Rapiscan Eagle product line of High Energy X-ray Cargo inspection systems that features mobile, gantry, portal and fixed deployment configurations. The products have been installed internationally for use by military, customs and border protection agencies.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading supplier of high-quality security inspection solutions utilizing X-ray and gamma-ray imaging, and advanced threat identification techniques such as neutron and x-ray diffraction analysis. The companys products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold BaggageScreening and People Screening. The company has a global installed base 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. For more information on Rapiscan Systems, please visit www.rapiscansystems.com.
About Rapiscan Laboratories
Rapiscan Laboratories, based in Sunnyvale, California, is the research and development arm of Rapiscan Systems and focuses on leading-edge government research and development programs in the area of non-intrusive inspection (NII) of people, baggage and cargo for contraband such as explosives, drugs, chemicals and nuclear material. Employing such technologies as x-ray radiography, x-ray computed tomography, neutron- and photon-based threat material detection and identification, many of the developments at Rapiscan Laboratories are incorporated into Rapiscan Systems security products.
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 Companys expectations, goals or intentions about the future, including the Companys predictions with regard to the prospective performance of, and market acceptance of, its products. The actual results may differ materially from those described in or implied by any forward-looking statement. Other important factors are set forth in our Securities and Exchange Commission filings. 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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