OSI Systems

OSI Systems Receives $6 Million Order for Patient Monitoring Solutions

Retrieved on: 
Tuesday, April 9, 2024
Engineering, Health Technology, Health, Manufacturing, OSI Systems, Health care, OSI, Nursing

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare®, received an order valued at approximately $6 million to provide patient monitoring solutions and related accessories to a U.S. based hospital.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Healthcare division, Spacelabs Healthcare®, received an order valued at approximately $6 million to provide patient monitoring solutions and related accessories to a U.S. based hospital.
  • Among the solutions that the Company is expected to provide are Xhibit® Central Stations, Xprezzon® patient monitors, and Qube® patient monitors.
  • “We are delighted to receive this significant order and look forward to supporting this hospital’s infrastructure upgrades.
  • Our focus remains on offering advanced patient monitoring solutions that play a vital role in delivering superior patient care,” commented Deepak Chopra, OSI Systems’ Chairman and CEO.

OSI Systems Receives $5 Million Order for Advanced CT Security Screening Systems at a Major European Airport

Retrieved on: 
Thursday, March 28, 2024
Defense, Security, Technology, Other Technology, Other Defense, Hardware, Contracts, OSI Systems, Airline

OSI Systems, Inc. ("OSI Systems" or the "Company") (NASDAQ: OSIS) announced that its Security division received a $5 million order to provide 920CT baggage screening technology for passenger checkpoints at a leading European international airport.

Key Points: 
  • OSI Systems, Inc. ("OSI Systems" or the "Company") (NASDAQ: OSIS) announced that its Security division received a $5 million order to provide 920CT baggage screening technology for passenger checkpoints at a leading European international airport.
  • Deepak Chopra, OSI Systems' Chairman and CEO, commented, "We are pleased with this award and look forward to supporting the customer’s efforts to upgrade its security infrastructure.
  • We strive to elevate passenger screening processes with advanced CT checkpoint technology for an enhanced and efficient experience."

OSI Systems Receives $100 Million Contract for Cargo and Vehicle Inspection Solutions

Retrieved on: 
Tuesday, March 26, 2024
Trucking, Automotive, General Automotive, Other Automotive, Transport, Other Transport, Security, Trust, OSI Systems, OSI, Safety

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced today that its Security division, a premier global provider of security and inspection systems, has secured an international contract award valued at approximately $100 million to provide cargo and vehicle inspection systems, as well as ongoing maintenance services and training.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced today that its Security division, a premier global provider of security and inspection systems, has secured an international contract award valued at approximately $100 million to provide cargo and vehicle inspection systems, as well as ongoing maintenance services and training.
  • Deepak Chopra, OSI Systems’ Chairman and CEO, commented, "This award is a testament to the trust and confidence that our partners have in our technology expertise and customer service.
  • We are excited to further contribute to the safety and security of nations with our advanced inspection systems.
  • We are committed to delivering excellence and innovation in all our projects."

OSI Systems Receives $15 Million Order for Innovative Medical Tech Components

Retrieved on: 
Thursday, March 14, 2024
Engineering, Health Technology, Health, Manufacturing, Partnership, OSI Systems, OEM, OSI

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced that its Optoelectronics and Manufacturing division has received an order for approximately $15 million to provide critical electronic sub-assemblies for a leading-edge healthcare original equipment manufacturer (OEM), known for innovative and specialized medical solutions.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) announced that its Optoelectronics and Manufacturing division has received an order for approximately $15 million to provide critical electronic sub-assemblies for a leading-edge healthcare original equipment manufacturer (OEM), known for innovative and specialized medical solutions.
  • Deepak Chopra, OSI Systems’ Chairman and Chief Executive Officer, commented, "We are pleased to have been selected for this $15 million order from a leader in healthcare technology.
  • This ongoing partnership highlights our commitment to quality and our ability to meet the needs of advanced medical technology providers."

OSI Systems Supports U.S. Customs and Border Protection for Record Methamphetamine Seizure at a U.S. Port of Entry

Retrieved on: 
Tuesday, March 12, 2024
Other Defense, Contracts, Hardware, Law Enforcement, Emergency Services, Technology, White House, Federal Government, Immigration, Defense, Homeland Security, Government Technology, Other Technology, Military, Public Policy, Government, Narcotic, Camino Real International Bridge, AS&E, Methamphetamine, Seizure, Law enforcement, Aviation, Rapiscan Systems, Backscatter, Anomaly, OSI, CBP, OSI Systems, Drug

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that a non-intrusive inspection system from the Company’s Security division was used to detect six and a half tons of methamphetamine in a tractor-trailer truck at the Eagle Pass Port of Entry, the largest such seizure ever at a U.S. port of entry.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that a non-intrusive inspection system from the Company’s Security division was used to detect six and a half tons of methamphetamine in a tractor-trailer truck at the Eagle Pass Port of Entry, the largest such seizure ever at a U.S. port of entry.
  • The scan revealed anomalies in the cargo and CBP officers subsequently discovered the narcotics, which had a street value of $117 million.
  • U.S. CBP has widely deployed Z Portal systems at various U.S. border ports of entry.
  • Rapiscan Systems and AS&E are subsidiaries of OSI Systems, Inc. and are leading global providers of security inspection solutions, equipment and services for aviation, ports, rail, customs and border protection, event security, critical infrastructure, public facilities, and law enforcement customers.

OSI Systems Receives $3 Million Order to Provide Optical Sensors for Advanced Missile Systems

Retrieved on: 
Monday, March 11, 2024
Engineering, Defense, Technology, Manufacturing, Hardware, Contracts, OSI Systems, OEM, Electronics, OSI

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division has received an order valued at approximately $3 million to supply advanced optical sensors to a leading defense electronics original equipment manufacturer (OEM).

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Optoelectronics and Manufacturing division has received an order valued at approximately $3 million to supply advanced optical sensors to a leading defense electronics original equipment manufacturer (OEM).
  • These high-precision components are designed for integration into sophisticated missile systems.
  • OSI Systems’ Chairman and Chief Executive Officer, Deepak Chopra, stated, “This collaboration underscores our commitment to excellence and innovation in defense technologies.
  • We are honored to contribute to the enhancement of global security measures with our optical sensor products.”

OSI Systems Receives $16 Million Award to Upgrade Airport Security Checkpoint Lanes

Retrieved on: 
Thursday, March 7, 2024
Engineering, Security, Air, Technology, Transport, Manufacturing, Software, OSI Systems, The Company, TRS, Mobile phone

OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Security division has been awarded a $16 million contract by an international airport to enhance its checkpoint security infrastructure.

Key Points: 
  • OSI Systems, Inc. (the "Company" or "OSI Systems") (NASDAQ: OSIS) today announced that its Security division has been awarded a $16 million contract by an international airport to enhance its checkpoint security infrastructure.
  • This checkpoint lane upgrade includes supplying advanced 920CT screening systems integrated with automated tray return systems (TRS) lanes to streamline security operations.
  • OSI Systems' Chairman and CEO, Deepak Chopra, stated, "This award signifies another milestone in our ongoing commitment to delivering advanced security solutions to this customer.
  • Adding our TRS lanes is expected to enhance throughput further, providing a smoother and more efficient passenger screening process."

OSI Systems Receives $27 Million Award for Explosive Trace Detection Systems

Retrieved on: 
Monday, March 4, 2024
Engineering, Public Policy, Government, Technology, Manufacturing, Homeland Security, Hardware, OSI, OSI Systems, ETD, Security

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract for approximately $27 million to provide Itemiser® 5X explosive trace detection (ETD) systems for secondary screening of passengers and carry-on baggage at airport checkpoints along with related consumables to a leading European airport.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract for approximately $27 million to provide Itemiser® 5X explosive trace detection (ETD) systems for secondary screening of passengers and carry-on baggage at airport checkpoints along with related consumables to a leading European airport.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, commented, "We are pleased with this significant award and look forward to delivering over multiple years our advanced technology portable ETD systems that are specifically designed to detect particles of explosives that might be present on carry-on luggage, personal belongings, or even on passengers themselves.”

OSI Systems to Present at Morgan Stanley Technology, Media & Telecom Conference

Retrieved on: 
Friday, March 1, 2024
Defense, Security, Technology, Aerospace, Manufacturing, Hardware, Contracts, OSI Systems, Conference

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.

Key Points: 

OSI Systems, Inc . (NASDAQ: OSIS), today announced that it will present at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, 2024, at 08:00 AM PT.
To listen to the live webcast of the presentation, please visit the investor relations section of the OSI Systems website.

Security Screening Market worth $13.2 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, March 4, 2024
Neutron, Fentanyl, Face, NEC, Artificial intelligence, Growth, Metal, Mass spectrometry, Transport, Seizure, Algorithm, Hardware, Airport, Westminster Group, Hosting, Analogic Corporation, Robotics, Contactless, IMS, Safety, Crime, Area, Terrorism, OSI Systems, Vertical, Component, Travel, Video game

People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.

Key Points: 
  • People screening has been one of the key uses of security screening systems at different places, such as airports, shopping malls, hotels and resorts, and corporate offices.
  • The security screening industry in North America is witnessing significant developments amidst rising concerns over illicit fentanyl smuggling and other security threats.
  • Furthermore, the integration of biometric security solutions plays a pivotal role in augmenting the effectiveness of security screening processes.
  • S.p.A. (Italy), Aware Inc. (US), Scanna (UK), and Precise Biometrics (Sweden) are the major players in security screening companies .