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OSI Systems Receives $17 Million in Orders to Provide Cargo and Vehicle Inspection Systems
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has secured
About this update from Osi Systems, Inc.
[{"type":"text","content":" HAWTHORNE, Calif.--(BUSINESS WIRE)--\nOSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has secured orders totaling approximately $17 million from a strategic North American customer. The orders include the delivery of Eagle® M60 high-energy mobile cargo and vehicle inspection systems, along with comprehensive service and support, and are part of a multi-year framework agreement established with the customer in 2024.\n\nAjay Mehra, President and CEO of OSI Systems, stated, \"We are pleased to receive this award to deploy one of our leading cargo and vehicle inspection systems that provides tremendous flexibility to enforce robust border checkpoint safety and security. Our extensive portfolio empowers border security customers to choose the most suitable non-intrusive inspection systems, designed to identify and address the distinct threats encountered at border operations.”\n\nAbout OSI Systems\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\nForward-Looking Statements\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 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 c...