OSI Systems (OSIS) Announces $20 Million Order for RTT Hold Baggage Screening Systems
OSI systems , Inc. (NASDAQ:) announced today that its Security division has received an order for approximately $20 million from ANA Aeroportos de Portugal to provide multiple units of its RTT® 110 (Real Time Tomography) explosive detection system. The units are expected to be installed at various airports in Portugal to screen passengers’ checked (checked) baggage, and the Company is committed to providing ongoing maintenance, service and support for these facilities.
OSI Systems President and CEO Deepak Chopra commented, “We are excited to support this customer with our leading CT checked baggage screening solution being widely deployed at major international airports. As airports continue to improve and Expanding its infrastructure to meet the latest screening standards, improve baggage throughput and air passenger safety, we continue to invest in innovative solutions and technology to meet the changing needs of the aviation industry.”
The RTT® employs a proprietary stationary gantry approach to provide high-resolution 3D imaging, and its unique design enables efficient screening of checked baggage and air cargo while maintaining the ability to meet the latest threat detection standards. RTT® 110 has met the HBS EDS Standard 3 threat detection requirements of the European Civil Aviation Conference (ECAC) and has been implemented by numerous airports and air logistics providers.
About OSI systems
OSI Systems is a vertically integrated designer and manufacturer of specialty electronic components and systems for critical applications in the homeland security, healthcare, defense, and aerospace industries. The company combines more than 40 years of electronic 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 about OSI Systems or any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G
forward-looking statements
This 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. , amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections with respect to 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 beyond the control of OSI Systems and which may cause actual results to differ materially from those described or implied by any forward-looking statement. future. statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date they are made. OSI Systems undertakes no obligation to update any forward-looking statement made in this news release that is rendered untrue by subsequent events, new information, or otherwise, except to the extent necessary to do so in connection with its continuing requirements under federal securities. . laws For a more detailed discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, please refer to the section titled “Risk Factors” in OSI Systems’ most recently filed Annual Report on Form 10- K and other risks described. herein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.
SOURCE: OSI Systems, Inc.
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OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avasishat@osi-systems.com
Source: OSI Systems, Inc.