Last checked at 19 Sep 2011 07:00
Image Scan Holdings plc
("Image Scan" or "the Company")
New Contract
The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the Security and Industrial Inspection markets, is pleased to announce a new contract valued at approximately £1,460,000 for the supply of x-ray security screening systems, which will be deliverable in the financial year commencing 1st October 2011.
This contract takes the order intake in the current financial year up to £4.3m, a substantial part of which is deliverable in the next financial year. However, due to highly competitive tendering processes, the overall projected margin for the business will be lower than historical levels.
Louise George, CEO, said: "We are delighted to win another major contract this year as well as a steady flow of smaller orders. The level of regular order intake and the strengthening lead pipe line demonstrate the effectiveness of the investment in building our sales team in recent years."
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0)1509 817400
Brian Emslie, Chairman
Louise George, CEO
Seymour Pierce Limited Tel: +44 (0) 207 107 8000
Sarah Jacobs, Corporate Finance
Seymour Pierce Limited, which is a member of the London Stock Exchange Plc and is regulated by the Financial Services Authority, is acting exclusively for Image Scan Holdings Plc as its nominated adviser. Seymour Pierce Limited will not be responsible to anyone other than Image Scan Holdings Plc for providing the protections afforded to clients of Seymour Pierce Limited nor for providing advice to any other person in connection with the contents of this announcement or the Circular.
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global security and industrial inspection markets. The Company's security portfolio includes the Axis-3d® and Axis-2d baggage inspection systems; the FlatScan portable bomb and suspect package detection system; and the SVXi small vehicle inspection system. The industrial inspection solutions include the MDXi systems.
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