OSI Systems, Inc. (NASDAQ: OSIS), today announced that its security
division, Rapiscan Systems, received an order worth approximately $5
million to provide multiple units of its Rapiscan Real Time Tomography
(RTT) 110 screening system to an international customer.
OSI Systems CEO, Deepak Chopra, stated, "We look forward to providing
the RTT to another important aviation customer. The RTT110 is an
excellent choice as it is approved to the most demanding European
standard for explosives detection."
The RTT110 is designed to provide high resolution scanning and automated
threat detection of packages, containers and baggage at rates of up to
1,800 items per hour. The RTT110 has passed the European Union Standard
3 requirement for hold baggage screening under the European Civil
Aviation Conference (ECAC) Common Evaluation Protocol (CEP) for
Explosive Detection Systems (EDS). Standard 3 is the highest standard
for explosives detection performance.
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and manufacturer
of specialized electronic systems and components for critical
applications. The Company sells its products and services in diversified
markets, including homeland security, healthcare, defense and aerospace.
The Company has more than 30 years of experience in electronics
engineering and manufacturing and maintains offices and production
facilities located in more than a dozen countries. It implements a
strategy of expansion by leveraging its electronics and contract
manufacturing capabilities into selective end product markets through
organic growth and acquisitions. For more information on OSI Systems
Inc. or any of its subsidiary companies, visit www.osi-systems.com.
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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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