SYDNEY--(BUSINESS WIRE)--Rapiscan Systems, a leading global supplier of security inspection solutions, today announced that it had appointed SX Technologies as its exclusive, independent distributor for the Australian market. Under the terms of the agreement, SX will offer, sell and service Rapiscan’s People Screening; Baggage & Parcel Inspection; Trace Detection; and Hold Baggage Screening product lines.
“We are excited today to announce our new relationship with SX Technologies and look for their support and experience to expand our presence across Australia,” said Pak Chin, President of Rapiscan Systems. “This agreement will allow us to leverage our extensive product portfolio with the in-depth, local market experience offered SX Technologies. Together, we plan to grow our business and position Rapiscan Systems products as the market leader in the region.”
“SX Technologies is proud to enter into this agreement with Rapiscan Systems. We are both highly-driven, technology-based companies with the same goal – keeping Australia safe,” said Patrick Bourke, Managing Director of SX Technologies. “We look forward to serving Rapiscan’s existing customer base and continuing to provide Rapiscan’s industry-leading technologies and after-market support.”
About SX Technologies Pty Ltd
SX Technologies is an independent Australian company jointly owned by Mal Maginnis, Geoffrey Askew and Patrick Bourke and is closely aligned with the Southern Cross Protection group (SXP). The company focuses on protective security technologies and equipment drawn from around the world, selecting best-in-class providers to create integrated and flexible solutions. The owners have significant experience and expertise in Aviation, Critical Infrastructure, Detection, Trace along with Physical and Cyber Security.
About Rapiscan Systems
Rapiscan Systems, a division of OSI Systems, Inc., is a leading global supplier of security inspection solutions utilizing advanced threat identification techniques. The company's products are sold into the following market segments: Baggage and Parcel Inspection; Cargo and Vehicle Inspection; Hold (checked) Baggage Screening; People Screening; Explosive and Narcotics Trace Detection; and Radiation Detection. The Rapiscan Systems product lines are supported by a global service network. As the world's leading security screening provider, Rapiscan Systems provides state-of-the-art products, solutions and services to meet our customers' most demanding threat detection needs. For more information, visit www.rapiscansystems.com.
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 the Company’s current expectations, beliefs, projections and similar expressions concerning matters that are not historical facts and are not guarantees of future performance. Forward-looking statements involve uncertainties, risks, assumptions and contingencies, many of which are outside the Company’s control that may cause actual results to differ materially from those described in or implied by any forward-looking statements, including, but not limited to, statements regarding the market for Rapiscan products and services in Australia. All forward-looking statements are based on currently available information and speak only as of the date on which they are made. The Company 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 these and other factors that could cause the Company’s future results to differ materially from any forward-looking statements, see the section entitled “Risk Factors” in the Annual Report of OSI Systems, Inc. on Form 10-K for the year ended June 30, 2015 and other risks described in documents filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.