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

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OSI Systems' Rapiscan Itemiser 5X ETD device qualifies for inclusion on TSA's ACSTL, enhancing cargo security

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• OSI Systems' Rapiscan Itemiser 5X ETD device qualifies for inclusion on TSA's ACSTL, enhancing cargo security

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HAWTHORNE, Calif.--(BUSINESS WIRE)-- OSI Systems, Inc. (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. Several of our baggage and parcel inspection systems are already included in the ACSTL. We are excited to strengthen our collaboration with the TSA and innovate with advanced screening technologies.”

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 any of its subsidiary companies, visit www.osi-systems.com. News Filter: OSIS-G

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements relate to OSI Systems’ current expectations, beliefs, and projections concerning matters that are not historical facts. Forward-looking statements are not guarantees of future performance and involve uncertainties, risks, assumptions, and contingencies, many of which are outside OSI Systems’ control and which may cause actual results to differ materially from those described in or implied by any forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are based on currently available information and speak only as of the date on which they are made. OSI Systems assumes no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information, or otherwise, except to the extent it is required to do so in connection with its ongoing requirements under Federal securities laws. For a further discussion of factors that could cause OSI Systems’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in OSI Systems’ most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems from time to time with the Securities and Exchange Commission.

SOURCE: OSI Systems, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230822304093/en/

OSI Systems, Inc.

Ajay Vashishat

Vice President, Business Development

310-349-2237

avashishat@osi-systems.com

Source: OSI Systems, Inc.