OSI Systems Awarded Approximate $6 Million Contract from TSA for High Speed CT Checked Baggage Screening Solution

  
    
  
  
    
      OSI Systems, Inc. (NASDAQ:OSIS), a vertically integrated provider of 
      specialized electronics products for critical applications in the 
      Security and Healthcare industries, announced today that its Security 
      division, Rapiscan Systems, has been awarded an approximate $6 million 
      contract by the United States Transportation Security Administration 
      (TSA) for its Rapiscan RTT (Real Time Tomography) high-speed stationary 
      gantry Computed Tomography (CT) baggage screening system.
    
    
      The Rapiscan RTT is a baggage screening system that generates 
      high-resolution 3-D X-ray images of passenger baggage to detect 
      potential threats more accurately and at a higher speed than any 
      currently available technology.
    
    
      OSI Systems Chairman and CEO, Deepak Chopra, stated, “The 
      Rapiscan RTT system represents a complete departure from all 
      presently-deployed concepts in CT baggage screening. Using a stationary 
      gantry/fixed source design, the Rapiscan RTT system is able to achieve 
      speed and resolution that is unprecedented in legacy CT designs.”
    
    
      Rapiscan RTT: A Break from Legacy CT Designs
    
    
      The Rapiscan RTT system works unlike any legacy CT design. By 
      eliminating the legacy design’s moving gantry, 
      the Rapiscan RTT captures images at several times the speed of legacy CT’s, 
      at higher resolution and with lower anticipated maintenance costs.
    
    
      Rapiscan RTT Advantages Over Legacy CT Baggage Screening Systems
    
    
      The Rapiscan RTT’s radical design is expected 
      to result in the following advantages over legacy CT systems:
    
    
      
        Enhanced Threat Detection: The Rapiscan RTT’s 
        dramatically higher resolution potentially allows the system to more 
        accurately detect a wide range of potential threats.
      
      
        Lower Cost of Ownership: The Rapiscan RTT can lower the overall cost 
        of ownership by: (a) anticipated lower maintenance costs with the 
        elimination of a complex rotating gantry; (b) high throughput results 
        in fewer machines necessary to handle a given volume of bags; (c) the 
        system can be integrated inline with the existing baggage conveyor 
        network without the need for costly modifications or reconfiguration.
      
    
    
      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. 
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      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 with the Transportation 
      Security Administration for the Real Time Tomography (RTT) systems. 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 RTT 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.