OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced that its Security division received an order for approximately $7 million to provide multiple units of its RTT® 110 (Real Time Tomography) explosive detection system that will be installed at a European airport for screening passengers’ checked baggage.
OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We look forward to providing our advanced technology CT checked baggage inspection system to this customer, and we are excited that our RTT installed base in the international market continues to grow.”
The RTT® employs a proprietary stationary gantry approach to provide high resolution 3-D imaging, and its unique design allows the efficient inspection of hold baggage and air cargo while maintaining the capability to meet the most recent threat detection standards. RTT® 110 has met the European Civil Aviation Conference's (ECAC) HBS EDS Standard 3 threat detection requirements and has been deployed by numerous airports and air logistics providers.
Key data points: The growth forecast is 12.5% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the hand geometry biometrics market to 2031 by type (biometric software and palm scanner), application (access control, contract management, time & attendance, and visitor management), end use (BFSI, building & construction, consumer electronics, education, healthcare, manufacturing, military & defense, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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