Rapiscan Systems Receives Multimillion Dollar Cargo and Vehicle Inspection Contract Award
June 2, 2011 TORRANCE, CA
Rapiscan Systems, a subsidiary of OSI Systems, Inc. (NASDAQ: OSIS), today announced that it was awarded a multimillion dollar contract from an Eastern European customer in its Eagle® cargo and vehicle inspection product line.
OSI Systems CEO, Deepak Chopra, stated, “We look forward to increasing our installed base of Eagle systems in Eastern Europe, a key growth region that has numerous opportunities for cargo security infrastructure upgrades. Our Eagle CVI product line continues to lead the industry in terms of image quality, throughput and reliability.”
Eagle® Cargo and Vehicle Inspection Systems
Rapiscan Systems' line of Eagle® cargo and vehicle inspection systems are used by customs agencies, military organizations and homeland security worldwide because they provide outstanding image quality and threat detection, while maximizing the operational effectiveness of customers. Eagle cargo and vehicle inspection systems use proprietary transmission X-ray technology which, unlike other inspection technologies, is able to penetrate well beyond the surface of a container or vehicle to provide comprehensive detection of threats.
Rapiscan Systems, Inc., 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. As the world's leading security screening provider, Rapiscan Systems provides state of the art products, solutions and services that meet our customers' most demanding threat detection needs --- while improving their operational efficiency.
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, but not limited to, statements regarding the performance of the Company's 620DV product. 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 of OSI Systems, Inc. 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:
Vice President, Marketing
Tel: (703) 812-0322