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Pin to quick picksImage Scan Holdings Regulatory News (IGE)

Share Price Information for Image Scan Holdings (IGE)

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Trading Statement

23 Feb 2016 07:00

RNS Number : 7690P
Image Scan Holdings PLC
23 February 2016
 

23 February 2015

 

Image Scan Holdings plc

("Image Scan" or the "Company")

 

 

TRADING UPDATE

 

Image Scan, (AIM: IGE) specialists in the field of real-time X-ray imaging for the security and industrial inspection markets, provides a trading update ahead of its 2016 Annual General Meeting to be held at 13:30 today.

 

Key Points:

 

· Over £1m of new orders have been added to the £600k of orders carried forward from the prior year

· Multi-unit orders received for the newly released portable X-ray systems from two Asian customers

· Growing security business in Europe

· Successful exhibit at security exhibitions in Paris and Dubai

· Continued strengthening of industrial order book

· Ongoing investment in Research and Development during the period

 

 

In the security business significant orders have been received for both the new ultra-thin ThreatScan® LS1 panel and the smaller FlatScan-15 panel, together with our unique portable generator and new software suite. Multiple unit orders have been received from two important Asian customers and one of these orders has been despatched. In Europe our new sales manager continues to make progress and, among other achievements a unit will be provided to a European Commission research facility in Germany. The focus remains on winning the larger orders that are key to the long term and sustainable development of the Company's security activity. 

 

The Precision Linescan Detector (PLD) project, which is assisted by a UK Government grant of £104k, is on schedule and a first quarterly review was completed successfully with Innovate UK, the funding body. In this project we are working with innovative new technology from Ibex Innovations Ltd. Good progress is being made as the technology evaluation unit is now producing very high quality images.

 

The sales team have further accelerated the promotion of our portable X-ray products with exhibitions, demonstrations and customer trials around the world. The system was demonstrated widely at the Milipol Exhibition in Paris, the Intersec Exhibition in Dubai and during a tour of the Gulf region. Similar demonstrations are planned for other regions.

 

In terms of the industrial business, which is focussed on providing inspection technology used in the manufacture of automotive emissions control systems, we have continued to strengthen the order book. In addition to the order of four units reported at the start of the year, orders for three further units for delivery this year have also been received. Long term support contracts have been signed with a number of important customers.

 

 

Image Scan's Chairman and Chief Executive, Bill Mawer, commented: "It has been gratifying to see the return of multi-unit orders for our portable X-ray systems while 'in the field' reports from customers using the new technology have been very positive. The continued strength of the order book for our industrial x-ray systems confirms our strength in this particular niche market. I am at this point optimistic for our first half performance and look for continued strong order intake to support the second half."

 

 

 

-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 / Tessa Sillars (Corporate Broking)

 

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 company news service from the London Stock Exchange
 
END
 
 
TSTBSGDDUXDBGLD
Date   Source Headline
17th Mar 20114:17 pmRNSResult of AGM
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

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