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OSI Systems Receives Notice of Award for $4 Million Service and Maintenance Contract with Major Asian Airport

Dépèche transmise le 4 août 2011 par Business Wire

OSI Systems Receives Notice of Award for $4 Million Service and Maintenance Contract with Major Asian Airport

HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ:OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, has received a notice of award for approximately $4 million from a major Asian international airport for the service and maintenance of its checkpoint screening and hold baggage inspection systems.

OSI Systems President and CEO, Deepak Chopra, commented: “Leveraging Rapiscan’s global support network, we look forward to servicing this key international customer located in a high growth region. With a growing international presence, over half of our security revenues are from outside the U.S. We continue to see strong international demand for full life cycle support for inspection platforms, which allows customers to focus their efforts on screening operations while we provide seamless service and maintenance of the related infrastructure.”

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.