OSI Systems Awarded 10-Year Contract for Cargo Turnkey Screening in Guatemala

OSI Systems, Inc. (“Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its S2 Global business has entered into a 10-year contract to provide a complete turnkey screening solution for the Port of Santo Tomas de Castilla, the busiest port in Guatemala (as measured by container traffic). The Company will construct civil works, deliver and integrate Rapiscan® Eagle® P60 high-energy X-ray inspection systems, perform security screening and remote image analysis utilizing the CertScan® integration platform for 100% of the cargo (inbound, outbound and transshipped) and provide full life cycle support.

OSI Systems CEO Deepak Chopra stated, "We are pleased to add another important project to our growing portfolio of turnkey screening programs. Under this contract, we intend to build upon our prior experience and utilize our proprietary technologies and integration platforms –- including CertScan® -- to help the Port of Santo Tomas de Castilla with their plans to grow their traffic, operations and become a leader in the region and achieve breakthrough improvements in security, efficiency and revenue collection.”

OSI Systems has turnkey integrated services programs in operation with customs, border and port authorities worldwide, including the ongoing successful programs in Mexico, Puerto Rico and Albania. These integrated services programs have proven highly successful for each customer, improving public safety and security and increasing the accuracy of customs declarations. Under the program, the Company typically operates its cargo scanning equipment for the customer, manage, design and build inspection sites and information management networks, analyze the resulting images, and store the images matched with identifying data such as cargo manifests, customs declarations or vehicle license numbers.

Source: OSI Systems, Inc.
Date: Jan 23, 2019