OSI Systems’ CT Inspection System Selected for Biosecurity Risk Detection in Australia
January 07 2019 - 7:30AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Rapiscan RTT® 110 CT inspection
system has recently been selected by the Australian government to
identify contraband biosecurity materials entering the country
inside passenger baggage, mail, and cargo. The Australian
government is expected to implement the Company’s detection
technology as part of its security initiative to improve the
efficiency and effectiveness of biosecurity operations both prior
to and at the border.
“Since its initial introduction to the market, the RTT 110 has
been successful in detecting explosives, weapons, and contraband at
airports around the world,” said OSI Systems’ Chairman and CEO,
Deepak Chopra. “This is the first time that the system will be used
for biosecurity detection, and we are incredibly excited to
demonstrate the versatility and efficiency of this unique solution
as part of a comprehensive security infrastructure.”
“Biosecurity screening provides critical protection for
Australia’s $60 billion agricultural industries and the health of
our communities, environment, and the national economy,” said The
Hon. David Littleproud, Australian Minister for Agriculture and
Water Resources. “New technology like the RTT 110 from Rapiscan
will be an integral part of preserving our unique ecosystem and
creating a more seamless experience at the border.”
About OSI Systems
OSI 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 any of its
subsidiary companies, visit www.osi-systems.com. News Filter:
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Forward-Looking Statements
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 OSI Systems’ current
expectations, beliefs, and projections concerning matters that are
not historical facts. Forward-looking statements are not guarantees
of future performance and involve uncertainties, risks,
assumptions, and contingencies, many of which are outside OSI
Systems’ control and which may cause actual results to differ
materially from those described in or implied by any
forward-looking statements. Undue reliance should not be placed on
forward-looking statements, which 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’ most recently filed
Annual Report on Form 10-K 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: https://www.businesswire.com/news/home/20190107005402/en/
OSI Systems, Inc.Ajay VashishatVice President, Business
Development310-349-2237avashishat@osi-systems.com
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