OSI Systems Awarded U.S. Customs and Border Protection IDIQ Contract Valued up to $64 million for Z Portal Cargo and Vehicle Screening Systems
First Delivery Order Received for $35 Million for Homeland Security Applications
HAWTHORNE, Calif., Oct. 24, 2016 - OSI Systems, Inc. (NASDAQ:OSIS) today announced that its recently acquired business, American Science and Engineering, Inc. (ASE), has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract from U.S. Customs and Border Protection (CBP) for Z Portal® cargo and vehicle screening systems. The two-year Z Portal sole-source IDIQ contract is valued up to $64 million. ASE also received the first delivery order under the IDIQ contract valued at approximately $35 million. The Z Portal systems are expected to be deployed for homeland security applications at multiple border locations.
"The recent ASE acquisition immediately broadens our offerings for customs applications with proven backscatter-based solutions," said Deepak Chopra, OSI's Chairman and CEO. "The award follows the deployment of Z Portal systems on U.S. border crossings, where they are used to safely and effectively screen vehicles for explosive threats, drugs, and other contraband. We are pleased to receive this IDIQ award from CBP and look forward to continuing to support its critical counter-drug and anti-terrorism missions."
About Z Portal Cargo and Vehicle Screening Systems
The Z Portal system is the only drive-through cargo and vehicle inspection system that uses multiple detection technologies to provide up to six views of the vehicle under inspection. The Z Portal system incorporates ASE's latest source and detector innovations in a more compact design, enabling improved image quality at higher throughput rates in space-constrained locations such as checkpoints at congested border crossings.
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. OSI 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 OSI Systems. News Filter: OSIS-G
Contact:
OSI Systems, Inc.
Ajay Vashishat Vice President,
Business Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
