Rapiscan Systems Receives $18 Million Order for Cargo and People Screening Systems
July 26, 2010 Torrance, CA
Rapiscan Systems, a leader in advanced security screening solutions, today announced that it has received an $18 million order to provide Eagle cargo and vehicle inspection systems and its Secure 1000 advanced people screening systems to support a U.S. Government agency.
OSI Systems (Rapiscan's parent company) CEO, Deepak Chopra, stated, "We are excited that our customers continue to rely on our high tech screening solutions for cargo and personnel. In contrast to other cargo solutions that use a technology that does not see threats hidden near the center of packed cargo containers, our proprietary Eagle technology is capable of detecting threats hidden deep inside containers and vehicles and provides a detailed image highlighting the size and location of the potential threat." Mr. Chopra continued: "The Secure 1000, referred to by some as a 'Body Scanner', is capable of detecting explosives and non-metallic weapons hidden on a person's body. In fact, the Secure 1000 is proven to have the highest level of security detection capabilities in this product category. These products are examples of our relentless dedication to providing advanced solutions to customers in the security industry."
The Rapiscan Eagle Cargo and Vehicle Inspection Systems
Rapiscan Systems offers a wide variety of cargo screening technologies in mobile, portal, gantry and fixed-site configurations through its Eagle high-energy X-ray product line. These products can inspect cargo and vehicles for contraband such as explosives, weapons and narcotics.
The Rapiscan Secure 1000
Used worldwide by aviation authorities, military organizations, homeland security, and police and correctional facilities, the Secure 1000 is the most widely deployed advanced people screening solution. It has been approved by the U.S. Transportation Security Administration and the UK Department for Transport and is being deployed at airports in the U.S. and the UK. It is ideal for high security environments because unlike traditional metal detectors, it can detect organic and non-metallic items (e.g. plastic explosives, liquids, narcotics, ceramic weapons), as well as metallic threat items.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading global 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 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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