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Share Price: 16.50
Bid: 15.00
Ask: 18.00
Change: 0.50 (3.13%)
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Open: 16.00
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Thruvision Wins Contraband Detection Contract From US Border Force

Mon, 23rd Sep 2019 12:54

(Alliance News) - Thruvision Group PLC on Monday said it has signed a USD3.0 million people-screening technology contract with the US Customs & Border Protection.

The "strategically important contract award" comes after the company earlier in September secured a GBP400,000 deal to supply its technology to an Asian customs agency.

The company added that USD2.9 million of the contract award will be delivered in the year ending March 2020.

Chief Executive Colin Evans said: "We are delighted to add CBP as our eighth national customs agency customer. This award reinforces Thruvision's international standing as a first choice provider of safe and respectful people security screening technology as we continue to broaden our strategically important US Government customer base."

Thruvision said interest in its detection solutions technology - which screens travellers for drugs, cash and other prohibited items at international border control points - has grown.

During 2019, Thruvision has secured similar border force deals in the UK, the Czech Republic and a repeat order in Vietnam.

Last week, the London-listed firm said its people screen technology will be trialled for five days at Stratford London Underground Station, east London, as part of a UK government anti-knife crime initiative.

Shares in Thruvsion were 3.7% higher at 27.90 pence each in London on Monday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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