OSI Systems Begins Operations In Albania For Turnkey Screening Services

(RTTNews) - OSI Systems, Inc. (OSIS) announced that it has commenced the operations phase with the Government of Albania to provide turnkey cargo and vehicle security screening services at multiple sites throughout the country. The Company currently anticipates total revenues to be approximately 200 million euros over the multi-year term of the agreement.

OSI Systems' CEO, Deepak Chopra, said, "We are excited to get started with the initial sites and support the Government of Albania to address its need to secure its ports and land crossings, and enhance the Government's capability to interdict contraband and undeclared materials. We look forward to ramping up the program throughout Fiscal 2016."

As per the agreement with the Government of Albania, the Company will provide a comprehensive X-ray screening program, including staffing, training, systems integration, operations and maintenance utilizing Rapiscan's high energy X-ray screening equipment at sites throughout Albania.