Rapiscan Systems Opens Manufacturing Facility for Cargo and Vehicle Inspection Products in North Car
March 26, 2008 Torrance, CA
Representative David Price On Hand At Companys Ribbon Cutting Ceremony
Rapiscan Systems, Inc., a leading provider of security scanning solutions for critical applications for aviation, defense and homeland security, announced today that U.S. Representative David Price (D-NC) and dignitaries from the Raleigh Durham area will be on hand for this afternoons ribbon cutting ceremony to officially open the companys new 31,000 square foot manufacturing facility in Apex, North Carolina. The site will produce the companys High Energy X-Ray Cargo and Vehicle Inspection Product Line for deployment to the U.S. Customs and Border Protection throughout the United States and to select international locations.
Rapiscan Systems selected Apex, North Carolina due to its outstanding workforce, proximity to Raleigh Durham International Airport, the Research Triangle Park, and the areas many outstanding universities and colleges. The North Carolina Governors Office, the State Economic Development Department, and the Raleigh Durham Community College System were instrumental in helping the company select the Apex site and quickly initiate operations.
"We are glad to have Rapiscan Systems as a member of our thriving business community in Apex and in the greater Triangle," said Representative Price. "The work they do is important to ensure that our front-line border and airport inspectors are properly equipped to meet the challenges they face as they protect our homeland."
President of Rapiscan Systems, Ajay Mehra, stated, "We are very excited to have expanded our cargo inspection system manufacturing capabilities here in Apex. We believe that the areas skilled workforce will allow us to continue to meet the needs of our customers. We extend our sincere appreciation to the North Carolina State Office of Economic Development and the other organizations that helped bring this effort to fruition. He continued, The systems being produced in the Apex facility represent some of the most sophisticated X-Ray screening technology available on the market today. Rapiscan Systems is proud to build 100 percent Made in USA cargo systems that help protect America.
Rapiscan Systems Eagle product line, available in Mobile, Gantry and Fixed Site configuration, is designed to accurately inspect shipping containers and trucks for hidden contraband, including weapons, explosives, weapons of mass destruction, drugs and undeclared goods at seaports and land border crossing. The Rapiscan Eagle's high-energy X-ray imaging system can produce a high-resolution image of a 40-foot container in less than 30 seconds, dramatically reducing the need for time consuming manual inspections. Rapiscan Systems has deployed numerous high-energy X-Ray units within the United States and at other government installations throughout the world.
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 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 50,000 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.
Safe Harbor Statement.
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 new manufacturing facility opened in Apex, NC and the performance of its Rapiscan Eagle Cargo & Vehicle Inspection Product Line. 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.
For Further Information
Rapiscan Systems, Inc.
Andrew Goldsmith VP Global Marketing
Tel: (240) 460 8202