Delivery Order Received for $10 Million for Systems to Be Used at Security Checkpoints
HAWTHORNE, Calif. - 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 ZBV® cargo and vehicle screening systems and associated service, maintenance, and training. The five-year ZBV IDIQ contract is valued up to $76 million. AS&E also received the first delivery order under the IDIQ contract valued at approximately $10 million. The ZBV systems with Tx-View™ options are expected to be deployed for homeland security applications at security checkpoints.
"The ZBV system has proven to be an essential tool for rapid explosive and contraband detection in cargo and vehicles at checkpoints around the world, and with the Tx-View option, the system delivers even greater detection capability," said Deepak Chopra, OSI's Chairman and CEO. "We are pleased to receive the ZBV award to continue to support CBP's critical homeland security operations."
About ZBV Mobile Cargo and Vehicle Screening System
The ZBV system allows for immediate deployment and rapid inspection to reveal explosives, drugs, currency, alcohol, cigarettes, and other organic threats or contraband. The ZBV with Tx-View option provides simultaneous dual-energy transmission imaging and material discrimination for enhanced detection of metallic threats, which complements the ZBV system's proven Z Backscatter® imaging.
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
OSI Systems, Inc.
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