(Alliance News) - Image Scan Holdings PLC on Monday celebrated an initial order of GBP300,000, given by an unspecified partner, for a new portable x-ray system.
Image Scan Holdings is a Loughborough, England-based x-ray screen system supplier. Shares in the firm were up 15% at 1.38 pence each in London on Monday afternoon.
According to the terms of the order, the deal is for Image Scan's ThreatScan-AS1 portable x-ray systems, and is pursuant to a framework contract the partner has secured with a European Ministry of Defence organisation.
Image Scan said that it expects to receive further orders over the partner's two-year framework contract, though "the volume and timing of subsequent orders is as yet not certain".
"We are thrilled to announce this initial order, it marks a major step forward in positioning our portable x-ray product line and underscores the strength of our international sales and marketing efforts. We are confident that the superior capabilities of our new systems will resonate with other customers globally," said Chief Executive Officer Vince Deery.
By Holly Beveridge, Alliance News reporter
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Image Scan Holdings (IGE)