Rapiscan Systems gains $5 million contract for inspection solutions

HAWTHORNE, Calif., 25 August 2006. OSI Systems Inc.'s security division, Rapiscan Systems, has received an order for approximately $5 million from an undisclosed international customer for multiple hybrid cargo and vehicle inspection systems. The company expects to deliver the systems, which utilize both X-ray and neutron based technologies, within fiscal 2007.

Aug 25th, 2006

HAWTHORNE, Calif., 25 August 2006. OSI Systems Inc.'s security division, Rapiscan Systems, has received an order for approximately $5 million from an undisclosed international customer for multiple hybrid cargo and vehicle inspection systems.

The company expects to deliver the systems, which utilize both X-ray and neutron based technologies, within fiscal 2007.

The hybrid cargo and vehicle inspections systems enable the customer to conduct a two-phase inspection process. During the first phase of inspection process, the contents of the container are scanned with the high-energy X-Ray imaging technology of the Rapiscan Eagle. The image is then interpreted by the operator for manifest verification and threat detection.

If, during the inspection process, a suspicious object is identified, the operator has the ability to scan the object, during a second phase, with the proprietary material-specific Thermal Neutron Analysis ("TNA") technology. TNA technology automatically produces a "red light/green light" response for the operator indicating whether or not the suspicious object is a threat.

In conjunction, these hybrid technologies, operating on a rail-mounted gantry, will inspect inbound cargo/trucks at an undisclosed international border crossing.

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