Rapiscan Systems Awarded Approximately $29 Million in Advanced Cargo and Customs Screening Contracts
October 27, 2009 Torrance, CA
Rapiscan Systems, Inc., a leading global supplier of security inspection solutions, today announced that it has received approximately $29 million in orders from the U.S. Customs and Border Protection (CBP) to provide multiple units of its advanced cargo and vehicle inspection solutions for customs inspections and security screening and various air and sea ports of entry.
The products to be provided under the contract reflect the broad range of Rapiscans cargo and checkpoint inspection product line including the Rapiscan Eagle Mobile and the Rapiscan GaRDS Portal. The fixed and mobile configurations utilizing both X-ray and gamma-ray technology provide the U.S. government with a comprehensive inspection solution for the detection of a wide variety of threats and contraband.
OSI Systems' (the parent company of Rapiscan) CEO, Deepak Chopra, stated, We are excited to announce the contract awards from U.S. CBP again underscoring the advantages of our diverse product portfolio. The mix of fixed and mobile solutions allows for greater mobility and operational flexibility when it comes to the inspection of trucks and shipping containers entering the United States.
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 companys 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 companys expectations, goals or intentions about the future, including, the companys contracts for security inspection products. 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 companys 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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