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Spread: 0.20 (10.526%)
Market Cap: £2.74m
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Supply Agreement

21 Jul 2014 07:00

RNS Number : 7859M
Image Scan Holdings PLC
21 July 2014
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21 July 2014

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IMAGE SCAN HOLDINGS PLC

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("Image Scan" or the "Company")

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(AIM: IGE)

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Exclusive Supply Agreement Signed with Leading Global Provider of X-ray Inspection Solutions

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Image Scan, the AIM-listed specialist supplier of x-ray screening systems to the security and industrial inspection markets, is pleased to announce that it has signed an exclusive supply agreement with a leading global provider of x-ray inspection solutions based in the US. Under the terms of the Agreement, Image Scan will be supplied with a specially designed, portable x-ray generator, which is a significant component in the Company's FlatScan product range which is offered to bomb disposal and counter-terrorism customers throughout the world. The Agreement provides Image Scan with exclusive rights to market the product in the security sector.

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The new generator has been designed and manufactured to the specific requirements of the portable market where Image Scan has established a strong market presence. The engineering teams from both companies have worked in close collaboration to create a more robust, smaller and lighter product, with a better form factor.

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Commenting on the Agreement, Bill Mawer, Chairman and CEO of Image Scan said: "This agreement is a significant step in the planned modernisation and expansion of our portable x-ray offering. We are excited to be working with such a well-respected manufacturer in the x-ray field. The new generator has been designed using their considerable x-ray expertise and Image Scan's knowledge of the portable x-ray market. It incorporates significant improvements in performance and reliability over the unit it replaces.

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"We anticipate that the improved generator will allow us to access new markets, including those in North America, which are key for our future growth. We plan further product launches in this area including new x-ray detector panels and enhanced software."

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-ENDS-

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For further information, please contact:

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Image Scan Holdings plcΒ  Tel: +44 (0) 1509 817 400

Bill Mawer, Chairman and Chief Executive Officer

ir@ish.co.uk

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

Rick Thompson / Mark Percy

David Banks / Paul Jewell

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Yellow Jersey PR Β Tel: +44 (0) 7747 788 221

Anna Legge / Dominic Barretto

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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. TheΒ Company's SecurityΒ portfolioΒ includes the Axis range of baggage inspection systems; the FlatScan range of portable bomb and suspect package detection 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 is now broadening its scope to look at other key applications where its technology can be adopted, such as in the Medical devices industry. The Company was founded in 1996 and joined AIM in 2002.

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

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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AGREVLFFZDFXBBZ
Date   Source Headline
25th Jul 20167:00 amRNSTrading Statement
30th Jun 20167:00 amRNSTrading Statement
23rd Jun 20167:00 amRNSDistribution Agreement
19th Apr 20167:00 amRNSHalf-year Report
7th Mar 201612:54 pmRNSDirector/PDMR Shareholding
23rd Feb 20163:42 pmRNSResult of AGM
23rd Feb 20167:00 amRNSTrading Statement
22nd Dec 20152:26 pmRNSGrant of Share Options
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2nd Jun 20157:00 amRNSInterim Results
1st Jun 20152:36 pmRNSTR-1: Notification of Major Interest in Shares
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29th Oct 20147:00 amRNSPartnership agreement signed with Sectus
9th Oct 20147:00 amRNSPre Close Trading Update & Contract Win
29th Sep 20148:45 amRNSHolding(s) in Company
24th Sep 20148:00 amRNSDirector's Shareholding & Total Voting Rights
22nd Sep 20147:00 amRNSDirectorate Change
17th Sep 201411:00 amRNSGrant of Share Options
11th Sep 20143:41 pmRNSHolding(s) in Company
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8th Sep 201411:15 amRNSResult of EGM, Further Issue of Equity
15th Aug 20147:00 amRNSReplacement: Placing & Subscription & Notice of GM
14th Aug 20144:29 pmRNSPlacing and Subscription and Notice of GM
21st Jul 20147:00 amRNSSupply Agreement
15th Jul 20147:00 amRNSContract Wins
12th Jun 20147:00 amRNSHalf Yearly Report
21st May 20147:00 amRNSChairman Television Interview
16th May 20147:00 amRNSBoard Changes
11th Apr 201411:36 amRNSResult of AGM
8th Apr 20147:00 amRNSTrading Statement
26th Mar 201412:05 pmRNSNotice of EGM
3rd Mar 20146:19 pmRNSResult of AGM
13th Feb 20147:00 amRNSNotice of AGM
11th Dec 20137:00 amRNSPreliminary Results
10th Oct 20137:00 amRNSTrading Statement
17th Jul 20137:00 amRNSSIGNIFICANT CONTRACT WINS

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