Rapiscan Systems Receives $9 Million Order For Advanced Cargo and Vehicle Inspection Technologies
September 23, 2010 Torrance, CA
Rapiscan Systems, a leader in advanced security screening solutions, today announced that it has received an approximately $9 million order from a U.S. Government Agency for multiple units of the Rapiscan Eagle T10 cargo and vehicle inspection system and its 638 DV (Dual View) parcel inspection system.
OSI Systems President and CEO, Deepak Chopra commented: "This order demonstrates the benefits of one of Rapiscan?s newest products, the Eagle T10." Mr. Chopra continued: "The Eagle T10 is a high throughput, high detection vehicle and cargo inspection solution that can be towed by users into a wide range of challenging environments to detect weapons and other threat objects. With its proprietary 1 MeV X-ray technology, the T10 can detect threats hidden deep inside a vehicle that could be missed by lower energy systems. The 638 DV parcel inspection system provides operators with two perpendicular views of an item being scanned and can automatically highlight potential threats for the system operator."
The Rapiscan Eagle T10 is a rugged, all-weather unit that can be towed to an inspection site and deployed in less than 10 minutes. The solution inspects the vehicle and its cargo for contraband such as explosives, weapons and narcotics. As a result of the Eagle T10's unique 1 MeV energy source, it offers a small operational footprint while being able to inspect the entire vehicle or cargo container, making it ideal for customers that need security, mobility and flexibility.
The Rapiscan 638DV (Dual View) parcel and cargo inspection system is a high-throughput X-ray screening system that can screen a wide range of items. Its proprietary multi-view/dual energy transmission x-ray technology and advanced threat detection software allows operators to perform comprehensive inspections of multiple types of cargoes.
Ajay Mehra, President of Rapiscan Systems commented: "This award demonstrates one of Rapiscan's key competitive advantages: the ability to offer customers a comprehensive solution that addresses the full range of items to be inspected and threats to be identified."
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 expectations relating to the amount of the Company's potential revenues under the indefinite-delivery/indefinite-quantity contract referenced above. The actual results may differ materially from those described in or implied by any forward-looking statement.
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