OSI Systems announced that its Itemiser 4DX and Itemiser 5X trace‑detection systems have received ECAC/EU G1 approval, the highest European standard for aviation security. The certification confirms that the devices meet the stringent performance requirements set by the European Civil Aviation Conference and the European Commission for detecting trace explosives and contraband in passenger and cargo screening.
The G1 approval expands OSI’s presence in the European market, enabling the Itemiser line to be deployed in new airports and security facilities that require the most rigorous compliance. By meeting the highest regulatory benchmark, OSI can now offer its systems to a broader set of customers, including airlines, airports, and government agencies that operate under EU security mandates.
OSI’s recent financial performance underscores the strategic value of the certification. In fiscal year 2024, the company reported $1.54 billion in revenue, a 20% increase over the prior year, and a non‑GAAP diluted EPS of $8.13, up 31% YoY. In the second quarter of fiscal year 2025, revenue reached $419.8 million, up 12% YoY, and the third quarter saw $444.4 million, up 10% YoY, with operating cash flow of $81.6 million. The G1 approval is expected to drive additional sales and service contracts, reinforcing OSI’s strategy of converting hardware sales into recurring, higher‑margin revenue streams.
CEO Ajay Mehra said, "Achieving ECAC approval and EU G1 certification demonstrates our commitment to delivering innovative solutions that meet rigorous global security standards and help our customers protect people and assets worldwide." The quote highlights OSI’s focus on innovation and compliance with global security requirements.
The certification positions OSI favorably in a competitive aviation‑security market. The company’s Security division is its largest revenue generator, and the G1 approval strengthens its competitive advantage by meeting the most demanding regulatory criteria, potentially opening new contracts and deepening customer lock‑in across the European region.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.