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OSI Systems Receives $10 Million Order for RTT® 110 Hold Baggage Screening Systems
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an
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[{"type":"text","content":" HAWTHORNE, Calif.--(BUSINESS WIRE)--\nOSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order for approximately $10 million to provide multiple units of its RTT® 110 (Real Time Tomography) explosive detection system to screen passengers’ hold (checked) baggage at an international airport in Latin America. The Company is also expected to provide ongoing maintenance, service, and support.\n\n\nOSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are proud to support this airport in enhancing its baggage screening capabilities with our RTT® 110 system. As global airports strive to meet the latest security standards and boost operational efficiency, our dedication to innovation and advanced technology uniquely positions us to address these evolving challenges effectively.”\n\n\nThe RTT® employs a proprietary stationary gantry approach to provide high-resolution 3-D imaging. Its unique design allows the efficient inspection of hold baggage and air cargo while maintaining the capability to meet recent threat detection standards employed by various civil aviation authorities worldwide.\n\n\nAbout OSI Systems\n\n\nOSI 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: OSIS-G\n\n\nForward-Looking Statements\n\n\nThis 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 outsi...