OSI
Systems, Inc. (NASDAQ:OSIS) today announced that its security
division, Rapiscan Systems, has received a contract valued at
approximately $27 million to provide multiple units of the RTT®
110 (Real Time Tomography) explosives detection system (EDS) to Leonardo
da Vinci – Fiumicino Airport. The RTT’s unique design enables baggage to
be screened at high speed, allowing the RTT to be installed “in-line”
within an airport’s existing baggage handling network without slowing
that system down.
Deepak Chopra, OSI Systems CEO, commented: “We are pleased with the
selection of Rapiscan’s RTT high-speed, checked-baggage screening
solution for use at such a prestigious airport. We believe that RTT
offers significant value to European and other international airports as
they upgrade their screening infrastructure to handle both passenger
growth and compliance with the EU’s standard 3 regulatory requirements.”
The RTT employs a proprietary, solid-state approach to create
high-resolution, 3-D imaging. Its unique design allows for superior
reliability and the efficient inspection of baggage and air cargo, while
also meeting the most recent threat detection standards of the EU. RTT
has passed the European Civil Aviation Conference’s (ECAC) EDS Standard
3 threat detection requirement.
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. It combines 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.
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About Aeroporti di Roma
Aeroporti di Roma, a member of the Atlantia Group, manages and develops
the airports of Rome Fiumicino and Ciampino and performs other
activities related and complementary to airport management. Fiumicino
operates through four passenger terminals. It is dedicated to business
and leisure customers for domestic, international and intercontinental
travel; Ciampino airport is mainly used by low-cost airlines, by express
couriers, and for General Aviation activities. In 2014, ADR recorded, as
an airport system, about 44 million passengers with over 230 worldwide
destinations reachable from Rome, thanks to the more than 100
airlines operating at the two airports.
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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