OSI Systems Awarded Approximate $6 Million Contract from TSA for High Speed CT Checked Baggage Screening Solution
October 30 2008 - 6:00AM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS), a vertically integrated provider
of specialized electronics products for critical applications in
the Security and Healthcare industries, announced today that its
Security division, Rapiscan Systems, has been awarded an
approximate $6 million contract by the United States Transportation
Security Administration (TSA) for its Rapiscan RTT (Real Time
Tomography) high-speed stationary gantry Computed Tomography (CT)
baggage screening system. The Rapiscan RTT is a baggage screening
system that generates high-resolution 3-D X-ray images of passenger
baggage to detect potential threats more accurately and at a higher
speed than any currently available technology. OSI Systems Chairman
and CEO, Deepak Chopra, stated, �The Rapiscan RTT system represents
a complete departure from all presently-deployed concepts in CT
baggage screening. Using a stationary gantry/fixed source design,
the Rapiscan RTT system is able to achieve speed and resolution
that is unprecedented in legacy CT designs.� Rapiscan RTT: A Break
from Legacy CT Designs The Rapiscan RTT system works unlike any
legacy CT design. By eliminating the legacy design�s moving gantry,
the Rapiscan RTT captures images at several times the speed of
legacy CT�s, at higher resolution and with lower anticipated
maintenance costs. Rapiscan RTT Advantages Over Legacy CT Baggage
Screening Systems The Rapiscan RTT�s radical design is expected to
result in the following advantages over legacy CT systems: Enhanced
Threat Detection: The Rapiscan RTT�s dramatically higher resolution
potentially allows the system to more accurately detect a wide
range of potential threats. Lower Cost of Ownership: The Rapiscan
RTT can lower the overall cost of ownership by: (a) anticipated
lower maintenance costs with the elimination of a complex rotating
gantry; (b) high throughput results in fewer machines necessary to
handle a given volume of bags; (c) the system can be integrated
inline with the existing baggage conveyor network without the need
for costly modifications or reconfiguration. About OSI Systems,
Inc. OSI Systems, Inc. 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. We combine�more than 30 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 Inc. or any of
its subsidiary companies, visit www.osi-systems.com. News Filter:
OSIS-G 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 the
company�s expectations, goals or intentions about the future,
including, the Company�s contract with the Transportation Security
Administration for the Real Time Tomography (RTT) systems. The
actual results may differ materially from those described in or
implied by any forward-looking statement. In particular, the
timing, and delivery of the RTT systems may not ultimately remain
in line with the company�s current expectations. Other important
factors are set forth in the Securities and Exchange Commission
filings OSI Systems, Inc. All forward-looking statements speak only
as of the date made, and the company undertakes no obligation to
update these forward-looking statements.
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