OSI Systems Receives $15 Million Contract from World Trade Center for Cargo and Parcel Screening


HAWTHORNE, Calif.- OSI Systems, Inc. (NASDAQ: OSIS), a vertically-integrated provider of specialized electronics and services, today announced that its Security division, Rapiscan Systems, has been awarded a contract by the Port Authority of New York and New Jersey to provide cargo and parcel screening operations for the new World Trade Center. Under the $15 million contract, Rapiscan will implement a comprehensive solution and provide security system design, technology and construction management.

"We are very pleased that the Port Authority of New York and New Jersey has selected Rapiscan Systems to implement security screening systems for the new World Trade Center," said Deepak Chopra, CEO of OSI Systems. "As shown by this partnership, Rapiscan is far more than simply a technology company, going beyond hardware to include logistics, project management, and more, to meet the exact specifications of customer security needs."

The new World Trade Center will utilize Rapiscan's Eagle® series of high-energy cargo inspection equipment, which use Rapiscan's proprietary transmission X-ray technology to detect potential threats. The Rapiscan Eagle inspection equipment will also include integrated radiation and nuclear detection capabilities, allowing Rapiscan to provide a complete screening solution to address all possible cargo-borne threats.

Ajay Mehra, President of Rapiscan Systems, commented: "We believe that this important contract demonstrates that when customers have critical security screening requirements, Rapiscan is uniquely well positioned to support them, given our ability to integrate, manage and support complex screening systems in challenging operational conditions."

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. News Filter: OSIS-G

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development

310-349-2237

avashishat@osi-systems.com

Source: OSI Systems, Inc.

OSI Systems, Inc.

12525 Chadron Avenue , Hawthorne, CA 90250

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