Rapiscan Systems Wins Multiple Major Canadian Contracts for Port and Border Security

TORRANCE, Calif.--()--Rapiscan Systems, a leading global supplier of security inspection systems, today announced that the company has been awarded multiple contracts from both government and commercial entities in Canada for security initiatives at land and sea borders.

Rapiscan will provide its Eagle G60 for seaport cargo screening, its 620DV for aviation carry-on baggage screening, and both its 620DV and 628DV systems for cruise ship passenger baggage screening.

“Rapiscan can meet the security requirements of governments and commercial companies around the world. We are excited to provide Canadian government agencies and commercial businesses with our advanced screening technologies and services,” said Pak Chin, President of Rapiscan Systems. “Rapiscan designs its products to provide best-in-class security and value for the most demanding environments.”

The Eagle G60’s 6 MV X-ray imaging system is capable of distinguishing low-density contraband, such as explosives or narcotics, from high-density materials, such as steel. With best-in-class imaging, robust standard features and advanced options, the Eagle G60 offers an efficient, high-performance system for reliable inspection.

Rapiscan’s 620DV and 628DV dual-view X-ray imaging systems scan briefcases, carry-on baggage, laptops, small cargo parcels and a wide range of other objects and generate two high-definition images at perpendicular angles, thereby increasing the operator’s ability to visually identify potential threat items. The systems may also include Rapiscan’s proprietary explosives and narcotics identification software tools.

About Rapiscan Systems

Rapiscan Systems, a division of OSI Systems, Inc., is a leading global supplier of security inspection solutions utilizing advanced threat identification techniques. The company's products are sold into the following market segments: Baggage and Parcel Inspection; Cargo and Vehicle Inspection; Hold (checked) Baggage Screening; People Screening; Explosive and Narcotics Trace Detection; and Radiation Detection. The Rapiscan Systems product lines are supported by a global service network. As the world's leading security screening provider, Rapiscan Systems provides state-of-the-art products, solutions and services to meet our customers' most demanding threat detection needs. For more information, visit www.rapiscansystems.com.

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, 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, including, but not limited to, statements regarding the achievement of government standards for screening systems. 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 Annual Report of OSI Systems, Inc. on Form 10-K for the year ended June 30, 2015 and other risks described in documents filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.

Contacts

Rapiscan Systems
Melissa Odegaard
571-227-6792
modegaard@rapiscansystems.com

Release Summary

Rapiscan Systems wins multiple contracts from Canadian customers for port and border security equipment. Rapiscan is supporting aviation checkpoint and cargo security screening for Canadian agencies.

Contacts

Rapiscan Systems
Melissa Odegaard
571-227-6792
modegaard@rapiscansystems.com