OSI Systems Awarded $31 Million Contract for Cargo and Vehicle Inspection Systems
September 15 2020 - 7:30AM
Business Wire
OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ:
OSIS) today announced that its Security division was awarded a
contract for approximately $31 million from an international
customer to provide multiple units of its Eagle® M60 mobile high
energy X-ray cargo and vehicle inspection system and follow on
maintenance and support.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are
excited to serve this customer and provide the M60 advanced mobile
cargo and vehicle inspection system. The system allows for rapid
deployment with the capability of delivering a high level of threat
detection to help secure borders and critical infrastructure.”
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 its
subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G
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/20200915005523/en/
OSI Systems, Inc. Ajay Vashishat Vice President, Business
Development 310-349-2237 avashishat@osi-systems.com
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