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News Breaks | | | | November 23, 2012 | | 07:12 EDT |  | OSIS | OSI Systems: Working actively with TSA to resolve issue in 'show cause' letter
OSI Systems provided the following updates as of November 21 to follow its previously announced response to media reports regarding a “show cause” letter that it had received from the Transportation Security Administration with respect to a privacy upgrade that OSI’s Rapiscan Systems division is developing for the TSA: "The Company continues to work actively with TSA to resolve this issue and is in the process of responding to TSA’s requests. The TSA’s letter to the Company in part questioned whether, prior to testing, the Company had installed detectors on three AIT, Advanced Imaging Technology, scanners that did not conform to the detectors approved in the system’s configuration plan, and if so, whether the Company had informed TSA of that change in an appropriate manner. The detectors installed on those three scanners prior to those scanners undergoing testing at all times conformed to the AIT system’s configuration plan agreed to between the Company and TSA. While it is unclear how long it will take to reach a conclusion to TSA’s process, the Company continues to believe that a positive outcome will be reached." | |
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News For OSIS From The Last 14 Days Check below for free stories on OSIS the last two weeks. |
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| May 22, 2013 | | 06:22 EDT |  | OSIS | OSI Systems sell-off on department notice overdone, says Benchmark Co.
Benchmark Co. believes the sell-off in shares of OSI Systems following the company's Notice of Proposed Debarment is overdone. The firm said its sources indicate the probability of debarment for OSI is extremely low. Benchmark Co. keeps a Buy rating on the stock with a $70 price target. | | | May 20, 2013 | | 09:08 EDT | | OSIS | OSI Systems says DHS issued Notice of Proposed Debarment
 Subscribe for More Information | | | 08:47 EDT | | OSIS | OSI Systems trading halted, pending news
Subscribe for More Information | | | May 15, 2013 | | 11:30 EDT |  | OSIS | OSI Systems management to meet with Oppenheimer
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