OSI Systems Announces Rapiscan Systems Receives Contract for Approximately $10 Million to Supply Security Scanning Solutions to Abu Dhabi Customs

Thu Oct 15, 2009 8:00am EDT
 
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* Award Combines Mobile Cargo and Aviation Security Systems for Comprehensive
Security Solution

HAWTHORNE, Calif.--(Business Wire)--
OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of
specialized electronic products for critical applications, announced that its
Security division, Rapiscan Systems, has been awarded an approximate $10 million
contract to provide a combination of its advanced cargo, baggage and aviation
security scanning equipment to support the work of Abu Dhabi customs. This
latest contract win follows a previously disclosed order from Abu Dhabi customs
for Rapiscan Systems technology. 

Abu Dhabi, the capital of the United Arab Emirates (UAE), is one of the world`s
most important commercial hubs. Multiple Rapiscan scanning systems are to be
deployed across customs centers in Abu Dhabi, including airports at Al Ain and
Abu Dhabi, a seaport at Mussafah, major post offices, and a number of border
customs centers. The systems are expected to be used to help Abu Dhabi customs
detect concealed potential security threats, contraband and smuggled items and
to help enforce customs regulations. 

The contract calls for Rapiscan Systems to provide an integrated customs
screening solution that leverages Rapiscan`s broad product range and
high-performance transmission X-ray technology. Rapiscan`s proprietary
transmission X-ray technologies are capable of detecting shielded threats in
densely packed cargo containers or baggage while offering operators unsurpassed
image quality for rapid detection of potential threats. This latest contract
will provide advanced and flexible screening systems to meet Abu Dhabi`s mobile
inspection, air cargo screening and baggage scanning requirements, all supported
by Rapiscan`s global service organization. 

Mr. Mohammad Bin Khalifa Bin Zayed Al Nahyan, Chairman of the Finance Department
at Abu Dhabi customs, commented: "Currently, we live in an age of growing global
commerce and increasingly complex and demanding security and customs enforcement
requirements. We selected Rapiscan Systems as our partner because we want to use
the latest technologies and we need a solution provider that can offer a
comprehensive approach to all our screening requirements." He continued, "It is
our vision to be the leader in world class customs operations that protect our
citizens and sustain prosperity for Abu Dhabi." 

Rapiscan Systems President, Ajay Mehra, commented, "This contract is an
important milestone for Rapiscan as it combines multiple screening systems for
cargo, mobile inspection and aviation security that offer industry leading image
quality and throughput, while maintaining the comprehensive threat detection
that our product line is known for." Mr. Mehra continued, "This award also
demonstrates why more and more customers are turning to Rapiscan with our
comprehensive product line, our innovative technology, our extensive service
infrastructure and our focus on providing solutions tailored to customer
requirements." 

Rapiscan`s contract with Abu Dhabi customs follows a number of recent global
contract awards for comprehensive security solutions, including orders with the
U.S. Government, the European Union and UK customs. 

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 to provide an integrated security solution to
Abu Dhabi Federal Customs Authority.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 inspection 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.

OSI Systems Inc
Jeremy Norton
Vice President, Investor Relations
310-349-2372
jnorton@osi-systems.com

Copyright Business Wire 2009

 

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