Rapiscan Systems Opens New Facility in North Carolina
November 7, 2007 Hawthorne, CA
Company to Manufacture Mobile Cargo and Vehicle Inspection Systems while
Creating Dozens of Jobs in Wake County
Rapiscan Systems, Inc., a leading provider of security scanning solutions for critical applications for aviation, defense and homeland security, announced today the opening of a 30,000 square foot production facility in Apex, North Carolina. The site will manufacture the company's Mobile Cargo and Vehicle Inspection Lines which includes Rapiscan Mobile Eagle and Rapiscan Gamma Radiographic Detection Systems (GaRDS) that will be deployed both in the United States and internationally. As such, the company expects to create over two-dozen high quality engineering and manufacturing jobs in Wake County in the next few months
An ISO 9001 certified company, Rapiscan Systems selected Apex, North Carolina due to its proximity to Raleigh Durham International Airport, the Research Triangle Park, and the areas many outstanding universities and colleges.
President of Rapiscan Systems, Ajay Mehra, stated, "We are very excited to open Rapiscan Systems first facility in North Carolina. Apex is a wonderful community and easily accessible to our regional headquarters in California and the United Kingdom. Additionally, the North Carolina State Office of Economic Development was extremely helpful in identifying a site perfect for Rapiscan Systems expansion needs.
Mr. Mehra continued, Our Company continues to experience increased demand for inspection products and services, such as the Eagle Mobile. The Apex location will help us more efficiently fulfill recent U.S. government and international orders for our Eagle product line.
Rapiscan's Eagle product line 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.
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 demand for the Company's cargo and vehicle inspection product and the number of skilled employees the Company expects to hire. The actual results may differ materially from those described in or implied by any forward-looking statement. 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
Rapiscan Systems, Inc.
Andrew Goldsmith VP Global Marketing
Tel: (240) 460 8202