OSI Systems, Inc. recently announced that its Security Division, Rapiscan Systems, has received multiple contracts totaling approximately $10 million for its recently introduced Rapiscan MVXR5000 Inline Automated Hold Baggage Screening System ("HBS") for checked baggage. The orders were received from several major undisclosed international airports.
Mr. Deepak Chopra, CEO of OSI Systems, stated, "The international HBS market has been dominated in the past by L-3 Communications and Smiths. Today's announcement is a major milestone for the Company as these orders were received from key international airports who ordered multiple systems. This is a clear validation of our technology platform and ability to leverage that platform in entering this new market. These installations will act as reference sites to support our ongoing marketing and sales efforts."
The Company earlier this year announced the introduction of its first product into the HBS market, the Rapiscan MVXR5000. The international market for X-ray based HBS Systems traditionally has been shared between L-3 Communications Holdings, Inc. and Smiths Heimann, a division of Smiths Group, PLC. The Company estimates that the aviation market for Inline HBS systems, outside of the U.S., is several hundred systems with the majority of the units coming due for replacement over the next three years.
The Rapiscan MVXR5000 is designed specifically for the aviation industry for the inspection of checked baggage. The system provides automated explosive detection with low false alarm rates by utilizing multi-view (5-view) high quality dual-energy X-ray images with high class image quality. The systems can be installed inline into the existing baggage conveyor infrastructure operating at speeds up to 1,800 bags per hour. The high throughput and automatic detection is coupled with the systems advanced network capabilities to allow near-real time suspicious bag analysis to be completed by a networked group of remote operators and for images to be then transmitted to the manual inspection stations as a search aid. The Rapiscan MVXR5000 has multiple layers of network redundancy designed to ensure the highest levels of system availability and fail-safe operation for the most demanding aviation security environments.
This was a nice press release and the exact news the stonedinvestor has been waiting for. OSIS can now compete with the big boys which means they are more likely to get bought out by them. Recently Mark Hulbert included this small cap stock as one of his ideas for a January effect stock. To qualify OSIS had to be recommended for purchase by at least three of the newsletters the HFD monitors:
Backlog is at an all time high, 07 guidance has been reiterated; rev expected to be up 18%-20% yoy. In the most recent quarter the rev breakdown was 52% growth for the security division and a 6% decline for healthcare decision. New news for that laggard healthcare side is they launched its advanced anesthesia system, BleaseSirius(TM) and UltraviewSL Perioperative Monitoring Suite in the North American market. OSI Systems CEO, Mr. Deepak Chopra, said, "We are excited to be introducing the advanced BleaseSirius(TM) anesthesia system into the North American market, the largest market for anesthesia systems in the world. This is the first Blease anesthesia system to be available in the North American market after a successful sixty year history of developing and selling anesthesia systems internationally. We intend to utilize our strong existing infrastructure to make the launch a success."
So folks an uptick can be expected in the healthcare division this next qtr- management is excited by the uptake of the new anesthesia system- the homeland Security side is ripping along & we can be guaranteed a great series of earnings reports coming up. Morgan Keegan just met with the new CFO and reports back that this guy has clout and he knows how to improve the bottom line. Read: Maybe they fix up and sell the health-side of the company and become a pure play small cap security play! Shares $3 above book value folks! Break up value for the Co pegged at $49.
OSIS sells for $20. Sometimes the market gives you gifts. Take advantage of it. Often I'm asked for one stock that will double- I believe OSI Systems to be that stock.~ stoney
Mr. Deepak Chopra, CEO of OSI Systems, stated, "The international HBS market has been dominated in the past by L-3 Communications and Smiths. Today's announcement is a major milestone for the Company as these orders were received from key international airports who ordered multiple systems. This is a clear validation of our technology platform and ability to leverage that platform in entering this new market. These installations will act as reference sites to support our ongoing marketing and sales efforts."
The Company earlier this year announced the introduction of its first product into the HBS market, the Rapiscan MVXR5000. The international market for X-ray based HBS Systems traditionally has been shared between L-3 Communications Holdings, Inc. and Smiths Heimann, a division of Smiths Group, PLC. The Company estimates that the aviation market for Inline HBS systems, outside of the U.S., is several hundred systems with the majority of the units coming due for replacement over the next three years.
The Rapiscan MVXR5000 is designed specifically for the aviation industry for the inspection of checked baggage. The system provides automated explosive detection with low false alarm rates by utilizing multi-view (5-view) high quality dual-energy X-ray images with high class image quality. The systems can be installed inline into the existing baggage conveyor infrastructure operating at speeds up to 1,800 bags per hour. The high throughput and automatic detection is coupled with the systems advanced network capabilities to allow near-real time suspicious bag analysis to be completed by a networked group of remote operators and for images to be then transmitted to the manual inspection stations as a search aid. The Rapiscan MVXR5000 has multiple layers of network redundancy designed to ensure the highest levels of system availability and fail-safe operation for the most demanding aviation security environments.
This was a nice press release and the exact news the stonedinvestor has been waiting for. OSIS can now compete with the big boys which means they are more likely to get bought out by them. Recently Mark Hulbert included this small cap stock as one of his ideas for a January effect stock. To qualify OSIS had to be recommended for purchase by at least three of the newsletters the HFD monitors:
Backlog is at an all time high, 07 guidance has been reiterated; rev expected to be up 18%-20% yoy. In the most recent quarter the rev breakdown was 52% growth for the security division and a 6% decline for healthcare decision. New news for that laggard healthcare side is they launched its advanced anesthesia system, BleaseSirius(TM) and UltraviewSL Perioperative Monitoring Suite in the North American market. OSI Systems CEO, Mr. Deepak Chopra, said, "We are excited to be introducing the advanced BleaseSirius(TM) anesthesia system into the North American market, the largest market for anesthesia systems in the world. This is the first Blease anesthesia system to be available in the North American market after a successful sixty year history of developing and selling anesthesia systems internationally. We intend to utilize our strong existing infrastructure to make the launch a success."
So folks an uptick can be expected in the healthcare division this next qtr- management is excited by the uptake of the new anesthesia system- the homeland Security side is ripping along & we can be guaranteed a great series of earnings reports coming up. Morgan Keegan just met with the new CFO and reports back that this guy has clout and he knows how to improve the bottom line. Read: Maybe they fix up and sell the health-side of the company and become a pure play small cap security play! Shares $3 above book value folks! Break up value for the Co pegged at $49.
OSIS sells for $20. Sometimes the market gives you gifts. Take advantage of it. Often I'm asked for one stock that will double- I believe OSI Systems to be that stock.~ stoney