OSI Systems Commences Operations in Uruguay for Cargo Turnkey Screening Services
OSI Systems, Inc. (NASDAQ: OSIS) has commenced operations in Uruguay to enhance security and efficiency at ports and borders through advanced customs screening applications. The company is collaborating with Uruguay's Ministry of Economics and Finance, utilizing EAGLE® T60 high-energy, trailer-mounted vehicle inspection systems and performing security screening and remote image analysis using its proprietary CertScan® integration platform.
OSI Systems will also provide ongoing management training, maintenance, service, and support. The company's CEO, Deepak Chopra, expressed excitement about supporting Uruguay's customs and border security activity. OSI Systems has similar turnkey border and port inspection programs operating with multiple international customs, border, and port authorities, which have proven successful in improving public safety, security, and customs declaration accuracy.
OSI Systems, Inc. (NASDAQ: OSIS) ha iniziato le operazioni in Uruguay per migliorare la sicurezza e l'efficienza nei porti e alle frontiere attraverso avanzate applicazioni di screening doganale. L'azienda sta collaborando con il Ministero dell'Economia e delle Finanze dell'Uruguay, utilizzando i sistemi di ispezione veicolare montati su rimorchio ad alta energia EAGLE® T60 e svolgendo screening di sicurezza e analisi di immagini remota tramite la sua piattaforma di integrazione proprietaria CertScan®.
OSI Systems fornirà anche formazione continua alla gestione, manutenzione, assistenza e supporto. Il CEO dell'azienda, Deepak Chopra, ha espresso entusiasmo per il supporto all'attività doganale e di sicurezza delle frontiere in Uruguay. OSI Systems ha programmi di ispezione di frontiera e portuale chiavi in mano simili attivi con molte autorità doganali, di frontiera e portuali internazionali, che hanno dimostrato di essere efficaci nel migliorare la sicurezza pubblica, la sicurezza e l'accuratezza delle dichiarazioni doganali.
OSI Systems, Inc. (NASDAQ: OSIS) ha comenzado operaciones en Uruguay para mejorar la seguridad y la eficiencia en puertos y fronteras a través de aplicaciones avanzadas de inspección aduanera. La empresa está colaborando con el Ministerio de Economía y Finanzas de Uruguay, utilizando sistemas de inspección de vehículos montados en remolques EAGLE® T60 de alta energía y realizando inspecciones de seguridad y análisis de imágenes remotas utilizando su plataforma de integración propietaria CertScan®.
OSI Systems también proporcionará capacitación continua en gestión, mantenimiento, servicio y soporte. El CEO de la empresa, Deepak Chopra, expresó su entusiasmo por apoyar la actividad de seguridad y aduanas de Uruguay. OSI Systems tiene programas de inspección de fronteras y puertos llave en mano similares que operan con múltiples autoridades internacionales de aduanas, fronteras y puertos, los cuales han demostrado ser exitosos en mejorar la seguridad pública, la seguridad y la precisión de las declaraciones aduaneras.
OSI Systems, Inc. (NASDAQ: OSIS)는 우루과이에서의 운영을 시작했습니다 포트와 국경에서의 보안 및 효율성을 높이기 위한 고급 세관 검토 애플리케이션을 통해. 이 회사는 우루과이 경제 재정부와 협력하여 EAGLE® T60 고에너지 트레일러 장착 차량 검사 시스템을 활용하고 자사의 독점 CertScan® 통합 플랫폼을 사용하여 보안 스크리닝 및 원격 이미지 분석을 수행하고 있습니다.
OSI Systems는 또한 지속적인 관리 교육, 유지 관리, 서비스 및 지원을 제공할 것입니다. 회사의 CEO인 Deepak Chopra는 우루과이의 세관과 국경 보안 활동을 지원하게 되어 기쁘다고 밝혔습니다. OSI Systems는 여러 국제 세관, 국경 및 항만 당국과 운영되는 유사한 항만 및 국경 검사 프로그램을 보유하고 있으며, 이는 공공 안전, 보안 및 세관 신고의 정확성을 향상시키는 데 성공적으로 입증되었습니다.
OSI Systems, Inc. (NASDAQ: OSIS) a commencé ses opérations en Uruguay pour améliorer la sécurité et l'efficacité dans les ports et aux frontières grâce à des applications avancées de dépistage douanier. L'entreprise collabore avec le Ministère de l'Economie et des Finances de l'Uruguay, utilisant des systèmes d'inspection de véhicules montés sur remorque EAGLE® T60 à haute énergie et effectuant un dépistage de sécurité et une analyse d'images à distance grâce à sa plateforme d'intégration propriétaire CertScan®.
OSI Systems fournira également une formation continue à la gestion, ainsi que maintenance, service et soutien. Le PDG de l'entreprise, Deepak Chopra, a exprimé son enthousiasme à soutenir les activités de sécurité douanière et de frontière de l'Uruguay. OSI Systems dispose également de programmes d'inspection clés en main pour les frontières et les ports en cours avec plusieurs autorités douanières, frontalières et portuaires internationales, qui se sont révélés efficaces pour améliorer la sécurité publique, la sûreté et la précision des déclarations douanières.
OSI Systems, Inc. (NASDAQ: OSIS) hat den Betrieb in Uruguay aufgenommen, um die Sicherheit und Effizienz an Häfen und Grenzen durch fortschrittliche Zollscreening-Anwendungen zu verbessern. Das Unternehmen arbeitet mit dem Ministerium für Wirtschaft und Finanzen Uruguays zusammen und nutzt die EAGLE® T60 Hochenergie, als Anhänger montierte Fahrzeuginspektionssysteme und führt Sicherheitschecks sowie die Analyse von Bildern aus der Ferne mit seiner proprietären CertScan® Integrationsplattform durch.
OSI Systems wird auch Schulungen zur Unternehmensführung, Wartung, Service und Unterstützung anbieten. Der CEO des Unternehmens, Deepak Chopra, äußerte seine Begeisterung, die Zoll- und Grenzsicherheitsaktivitäten Uruguays zu unterstützen. OSI Systems hat ähnliche schlüsselfertige Inspektionsprogramme für Grenzen und Häfen, die mit mehreren internationalen Zoll, Grenz- und Hafenbehörden betrieben werden und sich als erfolgreich erwiesen haben, um die öffentliche Sicherheit, Sicherheit und die Genauigkeit von Zollanmeldungen zu verbessern.
- Expansion of operations into Uruguay, potentially increasing revenue streams
- Collaboration with Uruguay's Ministry of Economics and Finance, indicating government trust
- Utilization of proprietary technology (EAGLE® T60 systems and CertScan® platform) in the project
- Provision of ongoing services, suggesting potential for long-term revenue
- None.
Insights
The commencement of OSI Systems' operations in Uruguay marks a significant development in the country's customs and border security infrastructure. The deployment of EAGLE® T60 high-energy, trailer-mounted vehicle inspection systems coupled with the CertScan® integration platform represents a substantial upgrade in screening capabilities.
This turnkey solution offers several advantages:
- Enhanced detection of contraband and undeclared goods
- Improved trade facilitation through faster, more efficient inspections
- Increased revenue collection through more accurate customs declarations
- Better risk management and targeting of high-risk shipments
The provision of ongoing management training and support is important for long-term success, ensuring local staff can effectively utilize these advanced systems. This project aligns with global trends in customs modernization and could potentially serve as a model for other countries in the region looking to enhance their border security and trade facilitation efforts.
OSI Systems' expansion into Uruguay's customs operations is a strategic move that could yield significant benefits for both the company and the country. From a trade perspective, this implementation has several important implications:
- Improved trade efficiency: Advanced screening can reduce inspection times, potentially lowering costs for importers and exporters.
- Enhanced competitiveness: Modernized customs processes can make Uruguay's ports more attractive for international trade, potentially increasing trade volumes.
- Reduced trade fraud: More accurate inspections and data integration can help combat under-invoicing and other forms of customs fraud.
- Regional influence: Success in Uruguay could lead to similar contracts in neighboring countries, expanding OSI's market share in South America.
For investors, this represents a positive development in OSI Systems' global expansion strategy, particularly in the growing market for border security solutions in developing economies. The recurring revenue from ongoing management and support services also adds stability to the company's income stream.
OSI Systems CEO Deepak Chopra commented, "We are excited to begin the operational phase and look forward to supporting Uruguay’s customs and border security activity.”
The Company is utilizing the EAGLE® T60 high-energy, trailer-mounted vehicle inspection systems, performing security screening and remote image analysis utilizing its proprietary CertScan® integration platform, and will also provide ongoing management training and maintenance, service and support.
Mr. Chopra continued, "Our team recently participated in a ribbon-cutting ceremony with Uruguay’s government leadership, marking this significant step. With our advanced cargo screening technology and expertise, we're helping safeguard trade routes and foster economic stability in the region."
The Company has turnkey border and port inspection programs in operation with multiple international customs, border, and port authorities. These turnkey inspection programs have proven highly successful, improving public safety and security and increasing the accuracy of customs declarations. Under these programs, the Company, through its S2 Global business, typically manages cargo scanning equipment, supervises inspection site construction and network design, and trains local staff to analyze data on the CertScan platform. This platform integrates images and data like cargo manifests, biometrics, container and vehicle numbers, and customs declarations.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241008046215/en/
OSI Systems, Inc.
Ajay Vashishat
Vice President, Business Development
310-349-2237
avashishat@osi-systems.com
Source: OSI Systems, Inc.
FAQ
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