Rapiscan Systems Awarded Approximate $3 Million Contract from U.S. Government Agency
July 6, 2010 Torrance, CA
Rapiscan Systems, a leading supplier of security inspection systems, today announced that it was awarded an approximate $3 million order from an undisclosed United States Government Agency for its newly released Rapiscan Secure 1000MP (modular and portable).
The Rapiscan Secure 1000MP was developed specifically for applications that require rapid deployment, mobility and durability, as well as superior threat detection. The system provides the same detection capabilities as the Rapiscan Secure 1000 Single Pose solution that is being deployed by airports worldwide, but in a portable configuration. The system produces high-resolution images that enable detection of concealed threats and contraband items. The Rapiscan Secure 1000MP is ideal for high security environments because both organic (i.e. solid and liquid explosives, narcotics, ceramic weapons, etc.) and inorganic (i.e. metal) materials are easily identified in the resulting image.
Rapiscan Systems President, Ajay Mehra stated, "We are excited to announce that the U.S. Government has chosen the Rapiscan Secure 1000MP for its security needs. The Rapiscan Secure 1000MP lightweight and modular design makes it a truly "man-portable" solution for military, police, corrections, event security and protection of critical infrastructure. The Rapiscan Secure 1000MP is an important addition to the Rapiscan Secure product family and will significantly expand our opportunities to provide customers with its superior threat detection technology."
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 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. The company was recognized for its market leadership with one of the United Kingdom's most prestigious distinctions The Queen's Awards for Enterprise and named by Frost & Sullivan as the 2008 North American Homeland Security Inspection and Screening Company of the Year. 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 inspection 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 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.
For Further Information:
Vice President, Marketing
Tel: (703) 812-0322