OSI, Imagis to Combine Face-Recognition, Security Products

HAWTHORNE, Calif., & VANCOUVER, Canada, March 6 -- OSI Systems Inc. and Imagis Technologies Inc. announced they will enter into a strategic alliance, pending a definitive agreement, for the design, development and marketing of aviation and transportation security products based on Imagis' biometric facial recognition software, ID-2000. OSI and Imagis will combine this technology with OSI's aviation security products, which include metal detectors and x-ray machines that will be integrated with FAA and airport security protocols. As part of the proposed business alliance, OSI will have the right to invest a maximum of $2 million by purchasing common shares of Imagis.
"We have seen a significant effort on the part of world airports to integrate a portfolio of solutions including metal detectors, x-ray, explosive detection and biometrics," said OSI Systems Chairman and CEO Deepak Chopra. "By combining our integration strengths and customer base with Imagis' superior facial-recognition technology, we hope to identify high-throughput solutions that increase passenger safety."