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OSI Systems Receives Orders for $200 Million to Provide Advanced Screening Technology to U.S. Customs and Border Protection
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was
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 was recently awarded an indefinite delivery, indefinite quantity (“IDIQ”) contract by the U.S. Customs and Border Protection (“CBP”) for low-energy portal (“LEP”) x-ray systems. The multiple vendor IDIQ contract has a potential value of up to $390 million and contains a five-year ordering period for systems and associated services. This is in addition to the previously announced $480 million, multi-energy portal (“MEP”) IDIQ contract.\n\nUnder the LEP and MEP IDIQ contract awards, the Company received two delivery orders totaling approximately $200 million. The Company could potentially receive up to an additional $65 million under these orders if the CBP exercises its options.\n\n“We are excited to receive the largest orders awarded to date under these IDIQs. We look forward to supporting CBP’s non-intrusive inspection program with our industry-leading Rapiscan, AS&E and S2 Global border security offerings that provide our customers a range of solutions to address continually evolving threats,” said Deepak Chopra, OSI Systems’ Chairman and CEO.\n\nLEPs and MEPs are non-intrusive inspection systems used for screening vehicles at border crossings to find illicit materials. The LEPs are used for passenger vehicle screening, and the Company’s Security division will be supplying the CarView® In-Lane and Z Portal® systems for this order. The MEPs are used for screening commercial trucks and the Company’s Security division will be supplying the Eagle® P60 ZBx inspection system. These systems use a combination of transmission and Z Backscatter® imaging to produce multiple views of the vehicle for efficient detection of contraband and threats. Also included with these orders is the Company’s new Under-Vehicle Backscatter option, which generates images of the underside of cars and trucks. These systems are expected to be deployed with the Company’s CertScan® integration platform for image analysis, data integration and inspection adjudication.\n\nThe CertScan® integration platform, currently in use for inspection around the globe and at U.S. CBP border crossings, connects a broad range of inspection technologies and transport related data into an efficient unified workflow. By integrating the...