Image Scan Holdings Share News (IGE)

Image Scan, which develops real-time 3D and 2D x-ray imaging products, told investors that its performance in the second half of the year will be 'reliant on a marked increase in the level of order intake'.It said this included it securing two "significant contracts" that are deliverable within the financial year.The caution comes following an in-line first half for the six months ended March 31st. The group said that in the current financial year, it has £2.1m of cumulative orders, having started the year with an order book of £1.2m. Of this, £1.6m will be reported as revenue in its interim results, which are due to released mid-June. The company also revealed that it would appoint Bill Mawer as its Chairman and Chief Executive Officer, taking executive responsibility for the introduction of new technologies and the associated development of new products.Image Scan's Chairman, Brian Emslie, explained: "The board has long recognised that increasing the product range is the key to unlocking the potential of the company. "As the onerous nuclear contract draws to a close, the company's development team will be refocused onto the expansion of our core standard products, from which a more regular and sustainable flow of orders can be secured."NR