AS&E Announces the Acquisition of Radiation Detection Answers Business

BILLERICA, Mass.–(Organization WIRE)–Sep 29, 2020– American Science & Engineering, Inc. (“AS&E”), a subsidiary of OSI

BILLERICA, Mass.–(Organization WIRE)–Sep 29, 2020–

American Science & Engineering, Inc. (“AS&E”), a subsidiary of OSI Methods, Inc., right now announced that it has obtained considerably all of the property of Nucsafe, Inc., a top developer of systems in radiation checking and nuclear elements detection utilizing, between other approaches, gamma ray and neutron detection, as nicely as backscatter X-ray. Major govt agencies and industry depend on Nucsafe’s merchandise and expert services for safety, security and non-harmful testing apps.

In obtaining Nucsafe, AS&E acquires a foremost portfolio of radiation monitoring and nuclear detection systems, Nucsafe’s administration and enhancement staff headquartered in Oak Ridge, TN, and Nucsafe’s patent portfolio, which involves U.S. Patent 8,300,763, “Spatial Sequenced Backscatter Portal”, an crucial patent relating to the inspection of autos and other objects. The conditions of the transaction were not disclosed.

About OSI Techniques, Inc.

OSI Systems is a vertically built-in designer and maker of specialised electronic programs and components for critical purposes in the homeland protection, healthcare, defense, and aerospace industries. We combine extra than 40 a long time of electronics engineering and producing knowledge with offices and output facilities in much more than a dozen nations around the world to put into practice a tactic of enlargement into selective conclusion product markets. For extra details on OSI Methods or any of its subsidiary firms, check out www.osi-methods.com. Information Filter: OSIS-G

Forward-On the lookout Statements

This push release incorporates ahead-on the lookout statements within just the indicating of the Private Securities Litigation Reform Act of 1995, Area 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Forward-hunting statements relate to OSI Systems’ latest expectations, beliefs, and projections about issues that are not historic specifics. Ahead-on the lookout statements are not guarantees of long run efficiency and involve uncertainties, hazards, assumptions, and contingencies, many of which are outdoors OSI Systems’ manage and which may induce genuine final results to differ materially from those described in or implied by any ahead-wanting statements. Undue reliance really should not be positioned on forward-hunting statements, which are based on now accessible information and facts and discuss only as of the date on which they are made. OSI Devices assumes no obligation to update any forward-on the lookout assertion produced in this press release that gets untrue because of subsequent events, new details, or in any other case, other than to the extent it is needed to do so in relationship with its ongoing needs beneath Federal securities rules. For a further discussion of aspects that could cause OSI Systems’ long run benefits to differ materially from any ahead-hunting statements, see the segment entitled “Risk Factors” in OSI Systems’ most a short while ago submitted Once-a-year Report on Variety 10-K and other risks described therein and in documents subsequently submitted by OSI Programs from time to time with the Securities and Trade Fee.

Watch supply model on businesswire.com:https://www.businesswire.com/information/dwelling/20200929006152/en/

Get hold of: Ajay Vashishat

Vice President, Company Progress

310-349-2237

[email protected]

Keyword: UNITED STATES NORTH The us MASSACHUSETTS

Business Key phrase: Protection Technology AEROSPACE Producing OTHER Technology OTHER Defense Components

Supply: American Science & Engineering, Inc.

Copyright Organization Wire 2020.

PUB: 09/29/2020 06:29 PM/DISC: 09/29/2020 06:29 PM

https://www.businesswire.com/information/residence/20200929006152/en