Rapiscan Systems Receives Service and Training Contract for Approximately $2.2 Million for Its Rapiscan Secure 1000 Personnel Sc
November 10 2005 - 8:00AM
Business Wire
Rapiscan Systems, a division of OSI Systems, Inc. (NASDAQ:OSIS),
today announced the receipt of a one-year $2.2 million service and
training contract for its Rapiscan Secure 1000 personnel screeners.
The contract, which contains extension options for the customer,
relates to previously delivered Rapiscan Secure 1000 personnel
screeners. President of Rapiscan Systems Ajay Mehra stated,
"On-going service and training is an integral component of Rapiscan
Systems' revenue model. We are pleased to be able to continue the
relationship with this key customer and look to build upon our
market leading position in the backscatter people screening
market." Rapiscan Systems' proprietary backscatter X-ray technology
is embedded within the Rapiscan Secure 1000 personnel screener, a
non-intrusive system designed to detect metallic and nonmetallic
threat objects. The unit enables security personnel to detect
ceramic, plastic, metallic, organic, and other contraband or
security threats. It also provides a comprehensive body search in
seconds, eliminating the need for intrusive and less-effective
hands-on body searches by security personnel. Most recently,
Rapiscan Systems announced that multiple Rapiscan Secure 1000
personnel screeners were purchased by the BAA plc (formerly the
British Airport Authority) for installation at Heathrow Airport -
marking the first civilian aviation deployment of the backscatter
technology. About Rapiscan Systems Rapiscan Systems, a division of
OSI Systems, Inc., is a leading supplier of high quality security
inspection solutions utilizing X-ray and gamma-ray imaging, and
advanced threat identification techniques such as neutron and
diffraction analysis. The company's products are sold into four
market segments; Baggage and Parcel Inspection, Cargo and Vehicle
Inspection, Hold Baggage Screening and People Screening. The
company has an installed base globally of more than 50,000 security
and inspection systems. The Rapiscan Systems product line is
manufactured at four locations and supported by a global support
service network. For more information on Rapiscan Systems, please
visit www.rapiscansystems.com. About OSI Systems, Inc. OSI Systems
Inc. is a Hawthorne, California-based diversified global developer,
manufacturer and seller of security and inspection systems, medical
monitoring and anesthesia products, and optoelectronic devices and
value-added subsystems. The company has more than 30 years of
experience in electronics engineering and manufacturing and
maintains offices and production facilities located in more than a
dozen countries. OSI Systems implements a strategy of expansion by
leveraging its electronics and contract manufacturing capabilities
into selective end product markets through organic growth and
acquisitions. For more information on OSI Systems Inc. or any of
its subsidiary companies, visit www.osi-systems.com. This press
release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
statements include information regarding our expectations, goals or
intentions about the future, including, but not limited to,
statements regarding the performance or market acceptance of our
security products. The actual results may differ materially from
those described in or implied by any forward-looking statement. In
particular, there can be no assurance that such growth will occur
either at their expected rates or at all. Other important factors
are set forth in our Securities and Exchange Commission filings.
All forward-looking statements speak only as of the date made, and
we undertake no obligation to update these forward-looking
statements.
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