HAWTHORNE, Calif.--(BUSINESS WIRE)--OSI Systems, Inc. (NASDAQ:OSIS) today announced that its security division, Rapiscan Systems, has received a contract valued at approximately $27 million to provide multiple units of the RTT® 110 (Real Time Tomography) explosives detection system (EDS) to Leonardo da Vinci – Fiumicino Airport. The RTT’s unique design enables baggage to be screened at high speed, allowing the RTT to be installed “in-line” within an airport’s existing baggage handling network without slowing that system down.
Deepak Chopra, OSI Systems CEO, commented: “We are pleased with the selection of Rapiscan’s RTT high-speed, checked-baggage screening solution for use at such a prestigious airport. We believe that RTT offers significant value to European and other international airports as they upgrade their screening infrastructure to handle both passenger growth and compliance with the EU’s standard 3 regulatory requirements.”
The RTT employs a proprietary, solid-state approach to create high-resolution, 3-D imaging. Its unique design allows for superior reliability and the efficient inspection of baggage and air cargo, while also meeting the most recent threat detection standards of the EU. RTT has passed the European Civil Aviation Conference’s (ECAC) EDS Standard 3 threat detection requirement.
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. It combines 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
About Aeroporti di Roma
Aeroporti di Roma, a member of the Atlantia Group, manages and develops the airports of Rome Fiumicino and Ciampino and performs other activities related and complementary to airport management. Fiumicino operates through four passenger terminals. It is dedicated to business and leisure customers for domestic, international and intercontinental travel; Ciampino airport is mainly used by low-cost airlines, by express couriers, and for General Aviation activities. In 2014, ADR recorded, as an airport system, about 44 million passengers with over 230 worldwide destinations reachable from Rome, thanks to the more than 100 airlines operating at the two airports.
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.