Rapiscan Systems Awarded Contract to Provide Security Systems at Vancouver Winter Olympics
January 7, 2009 Torrance, CA
Rapiscan Systems, a leading supplier of security inspection systems, today announced that it has been awarded a $3.2 million contract to provide multiple screening systems, including Rapiscan's advanced 600 series checkpoint, parcel and baggage inspection systems, to the Vancouver Olympic Games to be held February 12 , March 21, 2010.
OSI Systems (Rapiscan Systems' parent company) CEO, Deepak Chopra, stated, "We are proud to continue our relationship with such a prestigious international sporting event and to assist in ensuring the safety of Olympic athletes and those who come to experience the spirit of international competition. Our total security solutions are an ideal fit for securing large venues because their advanced technologies and portable designs address challenges posed by factors like multiple threats, high volumes of people and objects as well as diverse deployment terrains."
Rapiscan Systems' legacy of securing international sporting competitions spans continents as well as decades. Rapiscan total security solutions have been at the Commonwealth Games of Malaysia (1998) and Manchester (2002) and Melbourne (2006), the Asian Games (2006) in Doha Qatar, as well as the Olympic Games in Atlanta (1996), Nagano (1998), Sydney (2000) and Salt Lake City (2002).
The Rapiscan Systems' 600 series of baggage and parcel screening solutions are designed for rapid relocation and easy deployment in a variety of terrains and space constricted areas, making them an ideal for large venues with numerous points of entry. The 600 series systems include dual-energy transmission X-ray scanning for detection of organic and inorganic materials, as well as sophisticated image analysis tools and an intuitive, easy-to-operate Graphical User Interface.
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 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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