OSI
Systems, Inc. (NASDAQ: OSIS) today announced that its Security
division, Rapiscan Systems, received orders totaling approximately $47
million from customers in the Middle East to provide Baggage and Parcel
Inspection (BPI) and Eagle® Cargo and Vehicle Inspection (CVI) systems.
OSI Systems CEO, Deepak Chopra, commented, “We are honored to receive
these awards. Our Eagle® Cargo and Vehicle Inspection product line is
available in fixed and mobile configurations, allowing tremendous
flexibility in meeting customer requirements. Our Baggage and Parcel
Inspection systems are installed worldwide at aviation, non-aviation,
and cargo checkpoints.”
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. We combine 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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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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