OSI Systems

OSI Systems Awarded 10-Year Contract for Cargo Turnkey Screening in Uruguay

Retrieved on: 
Tuesday, October 3, 2023
Public Policy, Government, Other Transport, Trucking, Rail, Homeland Security, Maritime, Logistics, Supply Chain Management, Transport, Security, OSI Systems, Maintenance, Partnership, T60, Warehouse, Economics

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has entered into a 10-year contract to provide a turnkey screening solution to Uruguay’s Ministry of Economics and Finance for customs screening applications at ports and borders.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has entered into a 10-year contract to provide a turnkey screening solution to Uruguay’s Ministry of Economics and Finance for customs screening applications at ports and borders.
  • OSI Systems CEO Deepak Chopra commented, "We are excited to add another important customer to our roster of turnkey screening programs and cargo inspection infrastructure initiatives.
  • These turnkey inspection programs have proven highly successful, improving public safety and security and increasing the accuracy of customs declarations.
  • This platform integrates images and data like cargo manifests, biometrics, container and vehicle numbers, and customs declarations.

Global Cardiac Holter Monitor Market Size, Trends & Forecast Report 2023-2030 Featuring General Electric, NIHON KOHDEN, Hill-Rom, OSI Systems, Boston Scientific, Koninklijke Philips, and Medtronic - ResearchAndMarkets.com

Retrieved on: 
Friday, September 22, 2023
Medical Devices, Health, Technology, Health Technology, Wearables, Mobile Technology, Cardiology, Insurance, Obesity, General Electric, GE HealthCare, Prevalence, Diabetes, Boston Scientific, Atrial fibrillation, Health care, Cardiovascular disease, Ageing, ECG, CVD, Risk, Arrhythmia, Movement, OSI Systems, US, Medtronic, Healthcare Facilities Accreditation Program, Data analysis, Nurse Next Door Home Healthcare Services, Philips, Patient, Diagnosis, AF, RPM, Safety, Air pollution, Heart, World Health Organization, Wireless, Medical device, Hospital, Video game, Others, Growth

Wireless Holter monitors are gaining popularity in the cardiac monitor market due to their convenience, accuracy, and data transmission capabilities

Key Points: 
  • Wireless Holter monitors are gaining popularity in the cardiac monitor market due to their convenience, accuracy, and data transmission capabilities
    By component, the global cardiac Holter monitor market is divided into Wired Holter monitor, Wireless Holter monitor, and Holter analysis systems & software.
  • Despite being more expensive, the convenience and accuracy they offer justify their growing popularity in the global cardiac Holter monitor market.
  • Hospitals dominate the global cardiac Holter monitor market due to their infrastructure, reimbursement support, and large patient pool
    By End-Use, the global cardiac Holter monitor market is categorized into Hospitals, Ambulatory Centers, Home Healthcare, and Others.
  • Key companies present in the global cardiac Holter monitor market are General Electric, NIHON KOHDEN, Hill-Rom Company, Inc, OSI Systems, Inc., Boston Scientific, Koninklijke Philips N.V., and Medtronic Plc.

OSI Systems Receives $10 Million Order for Mobile Cargo and Vehicle Inspection

Retrieved on: 
Thursday, September 21, 2023
Technology, Health, Homeland Security, Aerospace, Manufacturing, Other Health, Public Policy, Government, Radiology, Defense, Other Technology, Other Defense, Software, Other Manufacturing, Security, Maintenance, OSI Systems, OSI, Cryptocurrency, Warehouse

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract valued at approximately $10 million from an international customs agency to provide a dual-energy X-ray cargo and vehicle inspection solution, including multi-year follow on maintenance, service and support.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division was awarded a contract valued at approximately $10 million from an international customs agency to provide a dual-energy X-ray cargo and vehicle inspection solution, including multi-year follow on maintenance, service and support.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, stated, “We are pleased to receive this award and look forward to the opportunity to implement one of our premier customs cargo inspection platforms.
  • Our offerings can be utilized by security teams to help strengthen their capabilities for customs clearance at ports and borders.”

OSI Systems to Present at the 2023 Jefferies Industrials Conference

Retrieved on: 
Thursday, August 31, 2023
Apps, Applications, Mobile, Wireless, Technology, Semiconductor, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Conference, OSI Systems, Rare-earth element, Online shopping, Cryptocurrency

OSI Systems, Inc .

Key Points: 
  • OSI Systems, Inc .
  • (NASDAQ: OSIS), today announced that it will be presenting at the 2023 Jefferies Industrials Conference on Wednesday, September 6, 2023, at 10:00 AM ET.
  • To listen to the live web cast of the presentation, please visit the investor relations section of the OSI Systems website and follow the link from the front page.

OSI Systems Reports Fiscal 2023 Fourth Quarter and Full Year Financial Results

Retrieved on: 
Thursday, August 24, 2023
Technology, Manufacturing, Health, Other Transport, Transport, Security, Other Technology, Medical Devices, Other Manufacturing, Engineering, Hardware, Capital expenditure, Table, OSI, GAAP, Sale, Forecasting, OSI Systems, Acquisition, Webcast, Growth, EPS, Cryptocurrency, Video game, Security (finance), Bank

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced its financial results for the fourth quarter and fiscal year ended June 30, 2023.
  • We enter fiscal 2024 with great visibility and momentum, and we are enthusiastic about our prospects for this fiscal year.”
    For the fourth quarter of fiscal 2023, the Company reported revenues of $411.9 million, a 22% increase compared to the $336.8 million reported for the fourth quarter of fiscal 2022.
  • Net income for the fourth quarter of fiscal 2023 was $42.4 million, or $2.46 per diluted share, compared to net income in the fourth quarter of fiscal 2022 of $33.8 million, or $1.94 per diluted share.
  • Non-GAAP net income for the fourth quarter of fiscal 2023 was $45.8 million, or $2.66 per diluted share, compared to non-GAAP net income for the fourth quarter of fiscal 2022 of $34.0 million, or $1.96 per diluted share.

OSI Systems Achieves TSA Air Cargo Full Qualification With the Itemiser 5X Explosives Trace Detector

Retrieved on: 
Tuesday, August 22, 2023
Public Policy, Government, Engineering, Defense, Aerospace, Manufacturing, Government Technology, Homeland Security, ACSTL, Rapiscan, OSI Systems, ETD, OSI, TSA, Air cargo, Cargo, Baggage

(NASDAQ: OSIS) today announced that its Rapiscan Itemiser® 5X Explosive Trace Detection (ETD) device has met the qualification standards set by the TSA for inclusion on the Air Cargo Screening Technology List (ACSTL).

Key Points: 
  • (NASDAQ: OSIS) today announced that its Rapiscan Itemiser® 5X Explosive Trace Detection (ETD) device has met the qualification standards set by the TSA for inclusion on the Air Cargo Screening Technology List (ACSTL).
  • The ACSTL provides a list of approved technologies to be used by the air cargo industry, including carriers, freight forwarders, and shippers, for meeting the U.S. regulatory requirements and enhancing cargo security.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are thrilled to receive the TSA's recognition of the Itemiser 5X's ability to meet their rigorous detection and usability standards.
  • The Itemiser 5X builds upon many years of technology development on the Itemiser product platform.

OSI Systems Secures $14 Million Contract for Advanced Security Inspection Technology and Services

Retrieved on: 
Thursday, August 17, 2023
Technology, Other Defense, Contracts, Security, Military, Aerospace, Manufacturing, Government Technology, Defense, Maintenance, OSI Systems, OSI, MINI, Mobile phone, Cryptocurrency

(NASDAQ: OSIS) today announced that its Security division received a contract award valued at approximately $14 million from a South America based customer to provide multiple units of its Eagle® P60 high-energy, drive-through cargo and vehicle inspection system, VM250 radiation portal monitor, and MINI Z® handheld backscatters devices, among others.

Key Points: 
  • (NASDAQ: OSIS) today announced that its Security division received a contract award valued at approximately $14 million from a South America based customer to provide multiple units of its Eagle® P60 high-energy, drive-through cargo and vehicle inspection system, VM250 radiation portal monitor, and MINI Z® handheld backscatters devices, among others.
  • The Company plans to fully support the integration with Certscan®, offer installation assistance, provide local operator training, and deliver multi-year service and maintenance.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are proud to receive this award and look forward to supporting this customer in its security initiatives.
  • Leveraging our broad portfolio, we can optimize our solution offering to meet the vital security requirements for cargo and vehicle checkpoints in an efficient manner.”

OSI Systems Receives $14 Million Order to Support Deployment of Cargo and Vehicle Inspection Systems

Retrieved on: 
Tuesday, August 15, 2023
Engineering, Automotive Manufacturing, Apps, Applications, Technology, Manufacturing, Hardware, Security, OSI Systems, OSI, Safety, Cryptocurrency, Renewable energy, Rail transport

OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order from a U.S. customer for approximately $14 million to provide civil works and installation support for the Company’s cargo and vehicle inspection systems.

Key Points: 
  • OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division received an order from a U.S. customer for approximately $14 million to provide civil works and installation support for the Company’s cargo and vehicle inspection systems.
  • OSI Systems’ Chairman and CEO, Deepak Chopra, commented, "We are proud of this award for installation support related to our leading cargo inspection systems.
  • This order reflects the confidence our customers have in our solutions and highlights our commitment to help ensure safety and security in the transportation industry."

OSI Systems Announces Fourth Quarter and Fiscal Year End Conference Call

Retrieved on: 
Friday, August 11, 2023
Aerospace, Manufacturing, Defense, Other Defense, Engineering, OSI Systems, Rare-earth element, Cryptocurrency

OSI Systems, Inc. (Nasdaq: OSIS ) today announced that it will hold its quarterly conference call on Thursday, August 24, 2023 at 9:00 am PT to discuss its results for the fourth quarter and fiscal year ended June 30, 2023.

Key Points: 
  • OSI Systems, Inc. (Nasdaq: OSIS ) today announced that it will hold its quarterly conference call on Thursday, August 24, 2023 at 9:00 am PT to discuss its results for the fourth quarter and fiscal year ended June 30, 2023.
  • A replay of the conference call is expected to be available from 12:00pm PT on August 24, 2023 until September 7, 2023.
  • The replay may be accessed by visiting the investor relations section at www.osi-systems.com .

OSI Systems Receives $12 Million Service Order for Advanced Security Inspection Systems

Retrieved on: 
Wednesday, June 28, 2023
Aerospace, Technology, Manufacturing, Homeland Security, Public Safety, Other Manufacturing, Photography, Defense, Contracts, Public Policy, Government, Engineering, Security, Airport, OSI Systems, ECAC, European Civil Aviation Conference, HBS, OSI, Conference, Atmosphere, RTT, Airline

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.

Key Points: 
  • 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."
  • 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.