A 15-year Government of Albania contract to provide turnkey cargo and vehicle security screening services at sites around the country has gone to Rapiscan Systems.
Rapiscan’s parent company OSI Systems’ CEO, Deepak Chopra, said: “This significant award from Albania to provide turnkey screening services builds upon similar long-term agreements awarded by the Puerto Rico ports authority and Mexico’s tax and customs authority. Our strategy of expanding our security offerings beyond the manufacture and sale of screening and detection equipment by providing comprehensive turnkey screening services continues to be well received in the marketplace. Our experience and capability to develop and integrate leading edge inspection technologies coupled with our depth of operational expertise is unmatched in the industry and we believe makes us uniquely qualified to secure and manage such complex programs.”
Rapiscan says that it intends to provide a X-ray screening which will incorporate technology, staffing, systems integration, and maintenance support. These operational capabilities are intended to enhance the Albanian government’s capability to interdict contraband and undeclared materials. The company anticipates that total gross revenues may range from $150 million to $250m over the term of the agreement. Actual revenues could differ significantly from the range provided as the generation of revenue is based upon the volume of cargo and other factors.
Ajay Mehra, President of Rapiscan Systems, said: “The Albanian government’s initiative to secure its ports and land crossings represents another significant step in the security inspection arena. We are proud to have been selected to execute this critical program. Our selection reinforces the attractiveness and compelling value of our turnkey service model.”
About Rapiscan Systems
Rapiscan Systems, Inc., a division of OSI Systems, offers products using X-ray and gamma-ray imaging, and threat identification techniques such as neutron and diffraction analysis. The company’s products are sold into four market segments; Baggage and Parcel Inspection, Cargo and Vehicle Inspection, Hold Baggage Screening and People Screening. The company has an installed base globally of more than 70,000 security and inspection systems. Visit: www.rapiscansystems.com
