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Pin to quick picksImage Scan Holdings Regulatory News (IGE)

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Contract Win and Further Trading Update

18 Sep 2019 07:00

RNS Number : 6439M
Image Scan Holdings PLC
18 September 2019
 

18 September 2019

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

 

IMAGE SCAN HOLDINGS PLC

 

("Image Scan" or the "Company")

 

Contract Win and Further Trading Update

 

Image Scan (AIM:IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets is pleased to announce the award of a substantial security X-ray contract and provides a further trading update for the financial year to 30 September 2019.

 

The new contract, which is worth in excess of £800,000, is to provide Image Scan's ThreatScan® portable X-ray systems to a security organisation of a European country. ThreatScan® allows bomb technicians to perform rapid and accurate threat assessment in a wide range of operational scenarios. A system consists of a portable X-ray generator, a detection panel and an operator's workstation running the Company's market leading image processing software, together with a customer specific range of ancillary equipment.

 

The new contract is expected to be delivered in the first half of financial year ending 30 September 2020 and so will not impact the sales and profits performance for the year ending 30 September 2019. As previously reported, security sales were disappointing in the third quarter and the business will make a loss in FY 2019. The loss is the expected to be in the region of £400,000.

 

Image Scan's Chairman and Chief Executive, Bill Mawer, commented: "This was an excellent win from a demanding customer against stiff competition and gives us confidence in the competitiveness of our portable X-ray systems in a crowded market. We look to win further security orders of this type in the new year and, in the last week, have been demonstrating our equipment at the DSEI show in London in support of that aim.

 

Our overall performance for the current financial year has been disappointing and we look to our extensive sales and product development initiatives to drive improved performance in FY 2019/20."

 

The Company will provide a pre-close statement on its results for the year to 30 September 2019 in October 2019.

 

-ENDS-

 

For further information, please contact:

 

Image Scan Holdings plc Tel: +44 (0) 1509 817400

William Mawer, Chairman

Sarah Atwell-King, Company Secretary

 

 

Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000

Rick Thompson / Will Goode (Corporate Finance)

Caspar Shand Kydd (Sales)

 

Person responsible:

The person responsible for arranging the release of this announcement on behalf of Image Scan is William Mawer.

 

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets. The Company's Security portfolio includes the ThreatScan® range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system. The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines. The Company was founded in 1996 and joined AIM in 2002.

 

For further information on the Company, please visit: www.ish.co.uk - and for further information on its products, please visit: www.3dx-ray.com

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCGGUBUBUPBGWM
Date   Source Headline
17th Mar 201111:00 amRNSTrading Update
17th Feb 201111:45 amRNSPosting of Annual Report and Accounts
24th Jan 20117:00 amRNSFinal Results
18th Jan 20117:00 amRNSRe Contract Win
2nd Dec 201011:03 amRNSHolding(s) in Company
8th Oct 20107:00 amRNSTrading Statement
19th May 20107:00 amRNSHalf Yearly Report
30th Mar 201011:39 amRNSHolding(s) in Company
29th Mar 20107:00 amRNSIssue of Equity
26th Mar 20107:00 amRNSResult of AGM
25th Mar 20108:33 amRNSTrading Update
5th Mar 20107:00 amRNSGranting of Share Options
23rd Feb 20107:00 amRNSHolding(s) in Company
29th Jan 20107:00 amRNSPosting of Annual Report and Accounts
6th Jan 201012:35 pmRNSDirector/PDMR Shareholding
15th Dec 20097:00 amRNSHolding(s) in Company
8th Dec 20097:00 amRNSFinal Results
30th Nov 20092:51 pmRNSHolding(s) in Company
26th Nov 20097:00 amRNSHolding(s) in Company
5th Oct 20097:00 amRNSTrading Statement
6th Jul 20097:00 amRNSDirectorate Change
17th Jun 20097:00 amRNSInterim Results
4th Jun 20097:00 amRNSBoard Changes
3rd Jun 20097:00 amRNSHolding(s) in Company
19th Mar 200912:41 pmRNSResult of AGM
19th Mar 20097:00 amRNSTrading Update
13th Feb 20099:28 amRNSRule 8.3- (Image Scan) - Replacement
9th Feb 20099:31 amRNSRule 8.3- (Image Scan Holdings Plc)
9th Feb 20097:00 amRNSCompletion of Strategic Review
6th Feb 20099:25 amRNSEPT Disclosure
5th Feb 20098:58 amRNSEPT Disclosure
4th Feb 20097:00 amRNSFIRST SALES OF 3DX-RAY TECHNOLOGY INTO INDIA
3rd Feb 200910:01 amRNSRule 8.3- (Image Scan Holdings Plc
3rd Feb 20099:29 amRNSEPT Disclosure
2nd Feb 20099:58 amRNSRule 8.3- Image Scan Holdings Plc
23rd Jan 20099:59 amRNSRule 8.3- Image Scan Holdings Plc
8th Jan 200910:01 amRNSEPT Disclosure
24th Dec 20089:25 amRNSEPT Disclosure
23rd Dec 200810:41 amRNSEPT Disclosure
23rd Dec 20087:00 amRNSPreliminary Results
22nd Dec 20083:32 pmRNSChinese Order for Baggage Screening Systems
24th Oct 200812:19 pmRNSRule 8.3- Image Scan plc
17th Oct 20088:51 amRNSEPT Disclosure
15th Oct 20082:30 pmRNSRule 8.3- Image Scan plc
15th Oct 20089:30 amRNSEPT Disclosure
14th Oct 20082:30 pmRNSRule 8.3- Image Scan plc
14th Oct 20082:20 pmRNSRule 8.3- Image Scan plc
14th Oct 20089:43 amRNS3DX-RAY UNIT SIGNS AGREEMENT WITH MIRALOGIX
14th Oct 20088:13 amRNSEPT Disclosure
6th Oct 20088:13 amRNSEPT Disclosure

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