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OSI Systems Secures $14 Million Contract for Advanced Security Inspection Technology and Services
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division received a contract award valued at
About this update from Osi Systems, Inc.
[{"type":"text","content":" HAWTHORNE, Calif.--(BUSINESS WIRE)--\nOSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division received a contract award valued at approximately $14 million from a South America based customer to provide multiple units of its Eagle® P60 high-energy, drive-through cargo and vehicle inspection system, VM250 radiation portal monitor, and MINI Z® handheld backscatters devices, among others. The Company plans to fully support the integration with Certscan®, offer installation assistance, provide local operator training, and deliver multi-year service and maintenance.\n\n\nOSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are proud to receive this award and look forward to supporting this customer in its security initiatives. Leveraging our broad portfolio, we can optimize our solution offering to meet the vital security requirements for cargo and vehicle checkpoints in an efficient manner.”\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 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 currently ...