OSI Systems Receives $15 Million Order for Cargo and Vehicle Inspection Systems
May 13 2014 - 7:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division, Rapiscan Systems, has received an order for
approximately $15 million from a Middle East customer to supply
multiple units of its Rapiscan Eagle® M60 mobile high energy X-ray
cargo and vehicle inspection systems.
OSI Systems President and CEO, Deepak Chopra commented: “We are
excited about the opportunity to support this key customer in an
important strategic geographic region. With its rapid deployment
and advanced inspection capabilities, Eagle M60 not only offers
advanced level of threat detection, but it also improves customer
operational effectiveness.”
The Rapiscan Eagle M60 is a road-mobile cargo and vehicle
inspection system that can be deployed for inspection at a port,
checkpoint or border crossing in less than 20 minutes. It features
advanced transmission X-ray technology that can identify the
presence of hidden contraband, such as weapons, explosives and
narcotics. The system can also be configured to detect radioactive
material and can operate in either drive-by or drive-through portal
mode, which allows operators to adapt the M60 to their inspection
requirements.
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 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. 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 Company’s Annual Report on Form 10-K for the year
ended June 30, 2013 and other risks described in documents filed by
the Company from time to time with the Securities and Exchange
Commission.
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jun 2024 to Jul 2024
OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Jul 2023 to Jul 2024