Image Scan Holdings Share News (IGE)

(ShareCast News) - Shares in Image Scan Holdings surged over 7% on Tuesday, after the x-ray screening systems provider confirmed it completed the first deliveries of its new product.In a short statement, the London-listed company said its new ThreatScan LS1 portable x-ray detector panel and ThreatSpect modular control and display software had been delivered to a military organisation in the Middle East.The group added that it had built a number of demonstration systems which are being presented to potential buyers, although it added that the development of the new items had taken longer than expected and the resulting delays had a negative impact on its financial performances.However, the group expects a rapid uptake of the products in the coming months."I am delighted that the company has reached this important milestone," said group chief executive and chairman Bill Mawer."Early feedback from customers exposed to both the panel and the new software has been overwhelmingly positive."Image Scan shares were up 7.33% to 1.61p at 1109 BST on Tuesday.