OSI Systems Receives $47 Million in Orders from Middle East Customers for Inspection Systems
June 25 2015 - 8:00AM
Business Wire
OSI Systems, Inc. (NASDAQ: OSIS) today announced that its
Security division, Rapiscan Systems, received orders totaling
approximately $47 million from customers in the Middle East to
provide Baggage and Parcel Inspection (BPI) and Eagle® Cargo and
Vehicle Inspection (CVI) systems.
OSI Systems CEO, Deepak Chopra, commented, “We are honored to
receive these awards. Our Eagle® Cargo and Vehicle Inspection
product line is available in fixed and mobile configurations,
allowing tremendous flexibility in meeting customer requirements.
Our Baggage and Parcel Inspection systems are installed worldwide
at aviation, non-aviation, and cargo checkpoints.”
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:
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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, 2014 and other risks described in documents filed by
the Company from time to time with the Securities and Exchange
Commission.
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version on businesswire.com: http://www.businesswire.com/news/home/20150625005363/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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