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OSI Systems Receives Approximately $2.8 Million Contract from Asian Civil Aviation Authority for Advanced Baggage Inspection Systems

Dépèche transmise le 13 avril 2011 par Business Wire

OSI Systems Receives Approximately $2.8 Million Contract from Asian Civil Aviation Authority for Advanced Baggage Inspection Systems

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronic products for critical applications in the Security and Healthcare industries, today announced that its security division, Rapiscan Systems, has been awarded orders for approximately $2.8 million to provide state of the art baggage and parcel X-ray inspection systems to a civil aviation authority in Asia. The systems to be provided include Rapiscan’s high speed MVXR 5000 Explosives Detection System for screening of checked passenger baggage and Rapiscan’s 600 series X-ray scanners, used for screening of carry-on passenger baggage.

“We are excited about the opportunity to provide the latest screening solutions for airport and passenger security. Rapiscan’s broad portfolio allows for optimal configurations to accommodate the most demanding customer requirements.”

OSI Systems' CEO, Deepak Chopra, stated, “We are excited about the opportunity to provide the latest screening solutions for airport and passenger security. Rapiscan’s broad portfolio allows for optimal configurations to accommodate the most demanding customer requirements.”

The Rapiscan MVXR 5000 is capable of screening up to 1,500 bags per hour and features advanced matrixing and networking capabilities. The Rapiscan 600 series carry-on baggage screening solution has been deployed at airports worldwide and features Rapiscan’s proprietary TARGET threat detection software for rapid detection of potential threats.

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. We combine more than 30 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems Inc. or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

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 contracts to provide solutions to the Security industry. The actual results may differ materially from those described in or implied by any forward-looking statement.