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Stock impact report

OSI Systems Receives Orders for $10 Million to Provide Air Cargo Inspection Systems

OSI Systems, Inc. (OSIS) 
Last osi systems, inc. earnings: 4/30 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.osi-systems.com
Company Research Source: Business Wire
HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received orders from one of its European distribution partners for approximately $10 million to provide multiple units of its RTT® 110 (Real Time Tomography) Explosive Detection System (EDS) for parcel screening applications. “The explosive detection screening market as a whole has evolved in recent years and we have experienced continued success with our RTT 110 solution, as evidenced by the recent orders in both the aviation and air cargo space,” said Deepak Chopra, OSI Systems’ Chairman and CEO. The Company did not disclose further details, citing end-user confidentiality obligations. The RTT employs a proprietary solid-state approach to provide high-resolution 3-D imaging, and its unique design allows the efficient inspection of hold baggage and air Show less Read more
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