OSI Systems Awarded $9 Million Order for ZBV® Mobile Cargo and Vehicle Screening Systems
October 02 2017 - 7:30AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Security division received an order
valued at approximately $9 million to provide ZBV® mobile cargo and
vehicle screening systems and associated service and
maintenance.
OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We are
pleased with this award and look forward to providing the ZBV
system, which is a proven solution for rapid explosive and
contraband detection in cargo and vehicles at critical security
checkpoints.”
About ZBV® Mobile Cargo and Vehicle Screening
System
The ZBV® system allows for immediate deployment and rapid
inspection to reveal explosives, drugs, currency, alcohol,
cigarettes, and other organic threats or contraband.
About OSI SystemsOSI Systems 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. The Company combines
more than 40 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 or its
subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G
Forward-Looking StatementsThis 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 OSI Systems’ 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 OSI
Systems’ 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. OSI Systems 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 factors that could cause OSI Systems’ future results
to differ materially from any forward-looking statements, see the
section entitled "Risk Factors" in OSI Systems’ Annual Report on
Form 10-K for the year ended June 30, 2017 and other risks
described therein and in documents subsequently filed by OSI
Systems from time to time with the Securities and Exchange
Commission.
SOURCE: OSI Systems, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20171002005605/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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