SubscribeSecurity Division Backlog at New Record $124 million as of March 31, 2007
Rapiscan Systems, has received an order from an undisclosed international customer for 17 Cargo & Vehicle Inspection systems. The order was reflected in the Security Divisions record backlog of approximately $124 million as of March 31, 2007 compared to $115 million as of December 31, 2006. Due to competitive purposes, the value of the contract was not disclosed.
Rapiscan Systems provides a broad range of scanning technologies allowing its customers either stand-alone systems or customised hybrid solutions to optimise scanning performance. Systems to be delivered under this order will come in varying configurations utilising X-ray,and Neutron technologies.
Rapiscan Systems President, Ajay Mehra, said, This announcement marks a significant milestone for us. As our single largest international order, it speaks volumes to our continued international growth and to the ever-expanding relationships with our customers. Further, it underscores our commitment to mitigating global security threats, as evidenced by the breadth of our products and services offerings.
Rapiscan Systems high-energy X-ray product line, marketed under the Eagle brand name, is a high-performance 4.5 MV x-ray inspection system, providing approximately 280mm -300mm of steel penetration to rapidly and accurately inspect containers and trucks at seaports and land border crossings. The Eagle's high-energy x-ray imaging system can produce a high-resolution image of a 20-foot container in less than 10 seconds. Even dense cargo can be clearly imaged reducing the need for time consuming manual inspections.
Rapiscan Systems proprietary material-specific Thermal Neutron Analysis ("TNA") technology automatically produces a "red light/green light" response for the operator indicating whether or not the suspicious object is a threat. This process minimises human error in image interpretation and the associated cost incurred from having to manually inspect the contents of the container.
