Company Announcements

BILLERICA, Mass.--(BUSINESS WIRE)--Oct. 1, 2024-- American Science & Engineering, Inc., part of the Rapiscan | AS&E family of security technology companies, announced today that it has resolved its intellectual property litigation with Viken Detection. The resolution includes Viken Detection’s agreement to pay a royalty to American Science & Engineering.

About Rapiscan

Rapiscan Systems, Inc. (Rapiscan), part of the Security division of OSI Systems, Inc., is a leading global provider of security inspection solutions, with more than 100,000 products installed in over 170 countries. In 2016, OSI Systems, Inc. acquired American Science and Engineering, Inc. (AS&E), which became part of the Security division with Rapiscan. Since then, AS&E has been fully integrated with Rapiscan, and now operates solely under the Rapiscan brand. Rapiscan offers an extensive portfolio of Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening, People Screening, Trace Detection, Radiation Detection, Optical Inspection, Tray Return Systems, and enhanced security solutions, all supported by a global service network. Rapiscan’s products, solutions, and services operate in demanding security environments, including at airports, border crossings, railway stations, seaports, government and military installations, and high-risk facilities.

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 Rapiscan 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 Rapiscan 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. Rapiscan 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 Rapiscan Systems’ future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the OSI Systems, Inc. most recently filed Annual Report on Form 10-K and other risks described therein and in documents subsequently filed by OSI Systems, Inc. from time to time with the Securities and Exchange Commission.

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Rapiscan Systems, Inc.
Katie Catalogna
katie.catalogna@rapiscan.com

Source: Rapiscan Systems, Inc.