Rapiscan Technology Advances the Nuclear Security Summit Agenda

April 01, 2016 Torrance, CA

Nuclear terrorism is a real threat. This week, Washington, DC is hosting the 2016 Nuclear Security Summit, which brings together world leaders from more than 50 countries, hundreds of CEOs, industry leaders, and international organizations to show the highest levels of commitment to nuclear security (www.nss2016.org). There is global concern because today’s terrorists do not need special nuclear materials, such as uranium and plutonium, to create chaos. A small quantity of radioactive material that is routinely and safely employed in medical and industrial applications can cause significant radiation contamination to a wide area when part of a dirty bomb. Additionally, for the metal recycling industry and general public, a major risk is contamination by “orphan” radioactive sources, which could become mixed with scrap metal resulting in radioactive products that can cause significant economic damage and public health concerns. Rapiscan Systems radiation detection products are valuable tools to counter these types of threats (www.rapiscansystems.com).

Rapiscan has solutions. Rapiscan’s broad range of radiation detection products meets the technical and operational requirements of our customers’ radiation inspection applications. Radiation monitors are easily networked and remotely managed with Rapiscan’s TSA RAVEN™ (Radiation Alarm and Video Event Notification) communications software, which collects, displays, and archives data and CCTV video images required to support the response to radiation alarms. The versatile product line can be combined with other Rapiscan security screening products to deliver a multilayered, fully integrated solution that provides additional security without increasing the footprint or personnel requirements of a checkpoint.

Rapiscan is a proven industry leader. Whether the requirement calls for the scanning of sea-borne or air cargo containers, personnel as they cross borders or pass through a security checkpoint, or the scanning of cars, trucks and other vehicles, Rapiscan has a range of proven solutions for our customers. Our equipment is also deployed at nuclear power plants, laboratories, and government buildings for security and can be used to find radioactive material in the metal processing and recycling industries for safety. Additionally, transportable radiation monitors support military missions and law enforcement applications at public gatherings, such as political events, sporting contests, and concerts. Rapiscan’s radiation detection systems enhance security and counter smuggling of radioactive material, which advances the Nuclear Security Summit agenda.

 

Rapiscan Systems—One Company, Total Security.

 

About Rapiscan Systems

Rapiscan Systems, a division of OSI Systems, Inc., is a leading global supplier of security inspection solutions utilizing advanced threat identification techniques.  The company's products are sold into the following market segments: Baggage and Parcel Inspection; Cargo and Vehicle Inspection; Hold (checked) Baggage Screening; People Screening; Explosive and Narcotics Trace Detection; and Radiation Detection. The Rapiscan Systems product lines are supported by a global service network.  As the world's leading security screening provider, Rapiscan Systems provides state-of-the-art products, solutions and services to meet our customers' most demanding threat detection needs.  For more information, visit www.rapiscansystems.com

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to the Company’s current expectations, beliefs, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance.  Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside the Company’s control that may cause actual results to differ materially from those described in or implied by any forward-looking statements, including, but not limited to, statements regarding the capabilities and performance of radiation monitoring systems.  All forward-looking statements are based on currently available information and speak only as of the date on which they are made.  The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws.  For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Annual Report of OSI Systems, Inc. on Form 10-K for the year ended June 30, 2015 and other risks described in documents filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.