OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract valued at approximately $4 million by an international airport to provide multiple units of its Itemiser® 4DX explosives and narcotics detection system and follow-on service and spare parts support.
OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We are pleased that this prominent customer selected the Itemiser 4DX trace detection system to enhance its checkpoint security at one of the busiest airports in the world.”
The Itemiser® 4DX can detect a broad range of current market threat explosives and narcotics without the use of a radioactive source, thereby potentially eliminating shipping restrictions and related licensing requirements. The portable, ergonomic desktop unit features automated internal calibration to help decrease consumable cost and optimize ongoing equipment operation.
Key data points: The growth forecast = 5.9% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in automatic number plate recognition system market to 2031 by type (stationary and portable), application (traffic management, parking, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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