OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order for approximately $13 million to provide multiple units of its RTT® 110 (Real Time Tomography) explosive detection system that is expected to be installed at an Asian Pacific international airport to screen passengers’ hold (“checked”) baggage.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, "We are excited to support this customer and expand our CT hold baggage inspection system installed base at major international airports."
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. 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 = 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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