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Alan Edrick
Executive Vice President & Chief Financial Officer, OSI SYSTEMS INC

Why PRP - Alan Edrick

🎥 Apr 29, 2016 📺 PRP LLC ⏱ 0m 👁 179 views
Alan Edrick, CFO/EVP of OSI Systems, Inc. discusses why he chose to work with PRP.
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About Alan Edrick

In a 2012 Bloomberg interview, Alan Edrick discussed the growing adoption of full-body scanners following the Christmas Day terror attack. He stated that OSI Systems had received a $25 million order from the TSA as part of a $173 million IDIQ contract and was one of only two certified companies to sell the scanners. Edrick said the company's advantage was its "imaging resolution" and that it was making money on the product with "reasonable margins." He noted that the security division was approaching 35 to 40% of total revenues and that he expected it to become about half of the company. Edrick also expressed the view that "security is trumping privacy," saying most people are more concerned about personal safety than privacy concerns. In a 2016 testimonial, Edrick said he chose to work with PRP after an "impressive sales presentation" that presented a "no-lose proposition" with potential cost savings and minimal risk. He stated that PRP saved the company "quite a bit of money" and that he had been a "very satisfied client" who continued to work with them year after year.

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Transcript (1 segments)
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Alan Edrick0:02
I chose to work with PRP following a very impressive sales presentation. In the sales presentation it came across that it really was a no-lose proposition for OSI. From our perspective, it could represent a tremendous amount of cost savings, and the only real risk we had was in the terms the time of gathering some data. As we proceeded to work with PRP, we found that they truly did save us quite a bit of money, and that's why we've continued to work with them year after year, and we feel extremely comfortable and I've been a very satisfied client.