OSI Systems (NASDAQ:OSIS)
Historical Stock Chart
From Aug 2019 to Aug 2024
![Click Here for more OSI Systems Charts. Click Here for more OSI Systems Charts.](/p.php?pid=staticchart&s=N%5EOSIS&p=8&t=15)
OSI Systems, Inc. (Nasdaq:OSIS), today announced that
its Chairman and CEO, Deepak Chopra, will testify before the United
State House of Representatives Committee on Homeland Security,
regarding "Leveraging Technology to Improve Homeland Security." The
panel testimony is expected to be held at 2 p.m. EST (11 a.m. PST) on
Wednesday, July 13, 2005.
The testimony will highlight Rapiscan Systems' airport checkpoint
technologies and recent advances in inspection technologies that can
improve checkpoint security and passenger flow. Mr. Chopra will
discuss the importance of installing new systems at airport
checkpoints that increase detection capabilities, fit within current
airport infrastructure and facilitate air travel while minimizing
inconveniences to the traveling public. The testimony will also
highlight four of Rapiscan Systems' technologies:
-- QXR 1000 -- The QXR 1000 integrates Rapiscan's current
checkpoint baggage x-ray systems with Quadrupole Resonance
technology for automatic explosives detection. The
technology's ability to integrate with existing baggage x-ray
systems reduces the need to purchase new x-ray machines or
hire additional TSA screeners.
-- Secure 1000 -- The Secure 1000, utilizing Rapiscan's patented
backscatter technology, is a groundbreaking personnel
screening technology that can detect explosives, plastic
weapons and any other concealed foreign objects on the body.
During the testimony, Mr. Chopra will also discuss some of the
findings of the recently completed 6 month pilot program
conducted by the British Airport Authority of the Secure 1000
at Heathrow airport in the United Kingdom.
-- Checkpoint Efficiency System (CES) -- The CES easily
integrates with current checkpoint x-ray baggage inspection
systems to facilitate the flow of passengers through airport
checkpoints. The system allows for the continued inspection of
passengers and their carry-on items as other passengers and
bags are selected for secondary screening.
-- CXR 1000 -- The CXR 1000 is the next-generation of CT hold
baggage screening technologies. The system will inspect up to
1,400 bags an hour and can be integrated in-line with the
existing airport baggage handling conveyor infrastructure,
unlike existing deployed technologies which require the
infrastructure to be reconfigured. The CXR 1000 is a solid
state CT with no moving gantry.
The testimony will be webcast by the Committee and can be accessed
through www.house.gov. A transcript of the testimony will be available
either through the Committee website at www.homeland.house.gov or at
www.osi-sytems.com.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc. is a leading
supplier of high quality security inspection solutions utilizing X-ray
and gamma-ray imaging, and advanced threat identification techniques
such as neutron and diffraction analysis. The company's products are
sold into four market segments; Baggage and Parcel Inspection, Cargo
and Vehicle Inspection, Hold Baggage Screening and People Screening.
The company has an installed base globally of more than 50,000
security and inspection systems. The Rapiscan Systems product line is
manufactured at four locations and supported by a global support
service network. For more information on Rapiscan Systems, please
visit www.rapiscansystems.com.
About OSI Systems, Inc.
OSI Systems Inc. is a Hawthorne, Calif.-based diversified global
developer, manufacturer and seller of security and inspection systems,
medical monitoring products and optoelectronic-based components, as
well as a provider of engineering and manufacturing services. The
company has more than 30 years of experience in electronics
engineering and manufacturing and maintains offices and production
facilities located in more than a dozen countries. OSI Systems
implements a strategy of expansion by leveraging its electronics and
contract manufacturing capabilities into selective end product markets
through organic growth and acquisitions. For more information on OSI
Systems Inc. or any of its subsidiary companies, visit
www.osi-systems.com.
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 our expectations, goals or
intentions about the future, including, but not limited to, statements
regarding the performance or market acceptance of our security
products. The actual results may differ materially from those
described in or implied by any forward-looking statement. In
particular, there can be no assurance that such growth will occur
either at their expected rates or at all. Other important factors are
set forth in our Securities and Exchange Commission filings. All
forward-looking statements speak only as of the date made, and we
undertake no obligation to update these forward-looking statements.