Rapiscan Systems Awarded Two Contracts for Cargo and Vehicle Inspection Systems
June 17, 2009 Torrance, CA
Rapiscan Systems, Inc., a leading global supplier of security inspection systems, announced today that it has been awarded two contracts totaling approximately $12 million to provide multiple Rapiscan Eagle mobile cargo and high energy vehicle inspection systems to undisclosed international customs authorities.
OSI Systems CEO, Deepak Chopra, stated, "These orders underscore OSI Systems' position as a leading global provider of cargo and vehicle inspection systems. We are committed to providing our customers with equipment that meets the highest standards for technical performance, reliability and overall value."
The Rapiscan Eagle mobile cargo and vehicle inspection system is mounted on a road-drivable commercial truck platform. The system's advanced high energy transmission X-ray technology is capable of detecting both shielded and unshielded organic and inorganic threats, such as weapons, contraband and narcotics, regardless of location, in both vehicles and cargo containers. The system can be deployed to scan shipping containers and trucks in less than 20 minutes while also being capable of penetrating dense cargo at increased inspection rates without impeding the flow of commerce. The system is part of Rapiscan's Eagleproduct 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 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 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 cargo and vehicle 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 cargo 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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