Last checked at 30 Jun 2016 07:00
30 June 2016
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Major order for portable X-ray systems
Image Scan, the AIM-listed specialist supplier of X-ray screening systems to the security and industrial inspection markets, is delighted to announce that it has received a large order for its ThreatScan®-LS1 portable X-ray system.
The customer is a government security organisation in Asia, and the value of the contract is just over £800k. Delivery is due in December 2016. This order constitutes the single largest portable X-ray order ever received by Image Scan, in both value and number of units, and is a strong affirmation of the competitive positioning of the ThreatScan®-LS1 system. The Company has received the first stage payment.
ThreatScan®-LS1 is part of the expanding range of portable X-ray systems developed by Image Scan following its August 2014 fundraising. The system allows police and military counter terror teams to investigate suspect packages quickly and safely. It is made up of a compact rugged X-ray generator (which is unique to Image Scan), the Company's ultra-thin detector panel and a rugged laptop running the new ThreatSpect suite of image analysis software. All elements of the system can be connected wirelessly.
The fulfilment of the new order is not expected to impact Image Scan's working capital requirements. The Company is performing in line with market expectations before receipt of this new order. Given the timing of the receipt of this order the Company will issue a statement regarding any potential impact on performance for the financial year to 30 September 2016 once supply chain and operational planning for the new order is complete.
Bill Mawer, Chairman and CEO of Image Scan, said: "I am delighted to be able to announce this important new order. This marks a significant milestone in the repositioning of our portable X-ray product range and demonstrates the strength of our international sales and marketing efforts. We are confident that other customers will find the many distinctive features of our new systems attractive."
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
ir@ish.co.uk
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / David Foreman / Michael Reynolds (Corporate Finance)
David Banks / Alex Pollen (Sales)
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