OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order from a European customer for approximately $12 million to provide service and support for RTT® 110 (Real Time Tomography) explosive detection systems that are utilized to screen airport passengers’ hold (“checked”) baggage.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, "We take great pride in offering comprehensive services for our leading RTT checked baggage screening solution, which has achieved widespread deployment at major international airports in Europe and other international regions. Through our global services team, we partner with airports to support efficient and effective security measures for air passenger safety."
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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