Multiple New Contract Wins

3 Apr 2008 07:00

Image Scan Holdings PLC03 April 2008 3 April 2008 Image Scan Holdings plc ("Image Scan" or "the Company") MULTIPLE NEW CONTRACTS SECURED FOR 3D X-RAY TECHNOLOGY OF OVER £750,000 The Board of Image Scan, specialists in the field of real-time 3D and 2D x-rayimaging for the 'Homeland Security' and 'Industrial Inspection' markets,announces that further orders have been received for its Axis-3d(R) system fromChina and for its MDXi-400TM system from Johnson Matthey in the US. Following comprehensive negotiations with its Chinese distributor, ShanghaiUnitech, the Company has received two new orders for its Axis-3d(R) baggagescreening system. The first order is for one machine based on the secondgeneration of the Company's 3D technology and is expected to be delivered withinthe next 8 weeks. The second order, valued at £630,000, is conditional on thesatisfactory acceptance testing of the new design. It is anticipated that bothAxis-3d(R) orders should be deliverable in the current financial year but thiswill be dependent on the prompt approval of the first system. Furthermore, the Company has recently sold an MDXi-400TM system to JohnsonMatthey to operate alongside the three inspection systems already supplied byImage Scan into their US plant. As a result the order book at the end of our first half stood at £1m comprisingthe Chinese orders announced above and TPXi orders as referred to in the recenttrading update. Whilst these orders will enable the Company to meet its salestarget for homeland security, further industrial sales must be secured toachieve the overall objective of stabilising the financial position of theCompany. Image Scan's CEO, Nick Fox, commented, "Following recent success in selling theAxis-3d(R) system for use at the Beijing Olympics, we have now secured theopportunity for significant sales into China. This will form a platform forfurther collaboration in China and help establish a market for the Axis-3d(R)system in the Far East." -ENDS- For further information, please contact: Image Scan Holdings plc Tel: +44 (0) 1664 503 600Gilbert Chalk, ChairmanNicholas Fox, CEOinfo@ish.co.uk Bishopsgate Communications Ltd Tel: +44 (0) 207 562 3350Dom Barretto/Jenni Herbert Seymour Pierce Tel: +44 (0) 207 107 8008David Newton / Sarah Jacobs About Image Scan Holdings plc Image Scan Holdings plc (AIM: IGE) is focused on the development andcommercialisation of market leading real-time 3D and 2D x-ray solutions for usein the global industrial and security inspection markets. The Company'sindustrial inspection solutions include the MDXi unit and the DEX systems. Thesecurity portfolio includes Axis-3d(R), a unique 3D baggage inspection systemfor corporate and airport security, and TPXi, a portable bomb and suspectpackage detection system. Current Technology Portfolio The Company's portfolio currently comprises of the following x-ray inspectionsystems: Axis-3d(R); MDXi-400TM; TPXi-675TM; and the DEXTM x-ray vision enginefor OEM applications. For further information on the Company, please visit: www.ish.co.uk - and forfurther 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