MRO Magazine

OSI Systems Receives $5 Million Order for Service and Maintenance of Inspection Systems


June 3, 2015
By Business Wire News

HAWTHORNE, Calif.

OSI Systems, Inc. (NASDAQ: OSIS) today announced that its Security division, Rapiscan Systems, has received an order of approximately $5 million for service and maintenance of Rapiscan inspection systems utilized at a major international airport in Asia.

OSI Systems President and CEO, Deepak Chopra stated: “We are proud to serve this prestigious airport and long standing customer. With a significant installed base worldwide, Rapiscan is increasingly relied upon to provide comprehensive service and on-site support for its inspection platforms located at airport, border and port security checkpoints.”

Rapiscan Systems operates a 24×7 global service and support team that provides expert support to customers, from pre-installation operations analysis, to operator training, to installation and on-going maintenance.

About OSI Systems, Inc.

OSI Systems, Inc. is a vertically integrated designer and manufacturer of specialized electronic system 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 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 the Company’s current expectations, beliefs, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside the Company’s control that may cause actual results to differ materially from those described in or implied by any forward-looking statements. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. The Company assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended June 30, 2014 and other risks described in documents filed by the Company from time to time with the Securities and Exchange Commission.

OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com