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OSI Systems, Inc. (Nasdaq:OSIS), a vertically-integrated provider
of specialized electronic products for critical applications in the
security and healthcare industries, announced today that its Security
division, Rapiscan Systems, has received a contract for approximately
$5.0 million from an undisclosed international aviation customer for
its new Rapiscan MVXi multi-view X-ray systems for passenger
screening.
The Rapiscan MVXi is a multi-view X-ray system designed with
advanced software to highlight explosives and other potential threat
objects. Additionally, the multi-view platform also reduces the need
to reposition carry-on bags during the inspection process thereby
expediting the passenger screening process which, together with the
systems lighter weight and energy efficient design is expected to
lower the airports' long-run cost of ownership.
Ajay Mehra, President of Rapiscan Systems, stated, "The Rapiscan
MVXi is among the most advanced checkpoint X-ray systems currently on
the market. The system, designed specifically towards improving
security and passenger throughput at the aviation checkpoint, should
ultimately lead to shorter queues, fewer delays and less hassle during
the passenger screening process. Initial customer response has been
extremely positive and we are currently involved in active discussions
with numerous international aviation customers regarding these new
X-ray systems."
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications. The Company sells its products in diversified
markets, including homeland security, healthcare, defense and
aerospace. The Company has more than 30 years of experience in
electronics engineering and manufacturing and maintains offices and
production facilities located in more than a dozen countries. It
implements a strategy of expansion by leveraging its electronics and
contract manufacturing capabilities into selective end product markets
through organic growth and acquisitions. For more information on OSI
Systems, Inc. or any of its divisions, visit www.osi-systems.com.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading
supplier of high quality 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 50,000
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 Company's expectations,
goals or intentions about the future, including the Company's
predictions with regard to the prospective performance of, and market
acceptance of, its products. The actual results may differ materially
from those described in or implied by any forward-looking statement.
Other important factors are set forth in our Securities and Exchange
Commission filings. All forward-looking statements speak only as of
the date made, and we undertake no obligation to update these
forward-looking statements.
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