Rapiscan Systems Receives Contract for Approximately $10 Million from Abu Dhabi Customs
October 15, 2009 Torrance, CA
Rapiscan Systems, Inc., a leading global supplier of security inspection solutions, announced today that it has been awarded an approximate $10 million contract to provide a combination of its advanced cargo, baggage and aviation security scanning equipment to support the work of Abu Dhabi customs. This latest contract win follows a previously disclosed order from Abu Dhabi customs for Rapiscan Systems technology.
Abu Dhabi, the capital of the United Arab Emirates (UAE), is one of the worlds most important commercial hubs. Multiple Rapiscan scanning systems are to be deployed across customs centers in Abu Dhabi, including airports at Al Ain and Abu Dhabi, a seaport at Mussafah, major post offices, and a number of border customs centers. The systems are expected to be used to help Abu Dhabi customs detect concealed potential security threats, contraband and smuggled items and to help enforce customs regulations.
The contract calls for Rapiscan Systems to provide an integrated customs screening solution that leverages Rapiscans broad product range and high-performance transmission X-ray technology. Rapiscans proprietary transmission X-ray technologies are capable of detecting shielded threats in densely packed cargo containers or baggage while offering operators unsurpassed image quality for rapid detection of potential threats. This latest contract will provide advanced and flexible screening systems to meet Abu Dhabis mobile inspection, air cargo screening and baggage scanning requirements, all supported by Rapiscans global service organization.
Mr. Mohammad Bin Khalifa Bin Zayed Al Nahyan, Chairman of the Finance Department at Abu Dhabi customs, commented: Currently, we live in an age of growing global commerce and increasingly complex and demanding security and customs enforcement requirements. We selected Rapiscan Systems as our partner because we want to use the latest technologies and we need a solution provider that can offer a comprehensive approach to all our screening requirements. He continued, It is our vision to be the leader in world class customs operations that protect our citizens and sustain prosperity for Abu Dhabi."
Rapiscan Systems President, Ajay Mehra, commented, This contract is an important milestone for Rapiscan as it combines multiple screening systems for cargo, mobile inspection and aviation security that offer industry leading image quality and throughput, while maintaining the comprehensive threat detection that our product line is known for. Mr. Mehra continued, This award also demonstrates why more and more customers are turning to Rapiscan with our comprehensive product line, our innovative technology, our extensive service infrastructure and our focus on providing solutions tailored to customer requirements.
Rapiscans contract with Abu Dhabi customs follows a number of recent global contract awards for comprehensive security solutions, including orders with the U.S. Government, the European Union and UK customs.
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 sold 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. 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 companys expectations, goals or intentions about the future, including, the companys contracts for security inspection products. 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 companys 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.
For More Information:
Vice President, Marketing
Tel: (703) 812-0322