OSI Systems, Inc. (the “Company” or “OSI Systems”) (NASDAQ: OSIS) today announced that its Security division has been awarded an indefinite delivery, indefinite quantity (IDIQ) contract from U.S. Customs and Border Protection (CBP) for Z Portal® cargo and vehicle screening systems. The two-year Z Portal IDIQ contract is valued up to $67 million. The Company also received the first delivery order under the IDIQ contract valued at approximately $61 million. The Z Portal systems are expected to be deployed for homeland security applications at multiple border locations.
OSI Systems’ Chairman and CEO, Deepak Chopra, commented, “We are pleased to continue to support CBP’s critical mission with our Z Portal systems that aid in the safe and effective screening of vehicles and cargo at high-traffic locations.”
About Z Portal Cargo and Vehicle Screening Systems
The Z Portal system is a drive-through inspection system for large trucks, buses and cargo containers and incorporates the Company’s proprietary source and detector innovations in a more compact design, enabling improved image quality at higher throughput rates.
About OSI Systems
OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense and aerospace industries. The Company combines more than 40 years of electronics engineering and manufacturing experience with offices and production facilities in more than a dozen countries to implement a strategy of expansion into selective end product markets. For more information on OSI Systems or its subsidiary companies, visit www.osi-systems.com.