Last checked at 6 Jun 2011 07:00
6 June 2011
Image Scan Holdings plc
("Image Scan" or "the Company")
New Orders
The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the 'Homeland Security' and 'Industrial Inspection' markets, is pleased to announce recent new contracts totaling £405,000.
Since the release of the interim results on 17 May 2011, the Company has received orders for 21 FlatScan portable x-ray screening systems. These orders include the sale of 9 units to a new customer in the Middle East and represents the largest multiple unit sale of the FlatScan systems by the Company to an individual customer. In addition the Company has sold its first mailroom cabinet systems, also into the Middle East.
With four months of trading remaining before the end of the financial year known contracted sales expected to be deliverable in the year ending 30 September 2011 now stand at £1.9m, compared to full year revenue of £1.5m for FY2010.
Image Scan's CEO, Louise George, commented "These recent order wins continue to give the Board confidence that the strategy adopted over the last two years of building a sales team selling standard security equipment whilst pursuing high value industrial opportunities, is likely to provide a stable platform from which the Company can develop its product range further and deliver sales growth."
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1664 503 600
Brian Emslie, Chairman
Louise George, CEO
Seymour Pierce Limited Tel: +44 (0) 207 107 8000
Sarah Jacobs / John Cowie - Corporate Finance
Paul Jewell - Corporate Broking
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 for corporate and airport security; FlatScan-TPXi, a portable bomb and suspect package detection system; and SVXi, a small vehicle inspection system. The industrial inspection solutions include the MDXi and the DEX 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