This
announcement contains inside information for the purposes of
Article 7 of the UK version of Regulation (EU) No 596/2014 which is
part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
IMAGE
SCAN HOLDINGS PLC
("Image
Scan" or the "Company")
Initial c.£300k order for new
Portable X-Ray System
Image Scan (AIM: IGE),
the specialist supplier of X-ray screening
systems for security and industrial inspection, is delighted to
announce it has won an initial order of approximately £300k from a
partner to supply them with ThreatScan®-AS1 portable X-ray systems
pursuant to a framework contract the partner has secured with a
European Ministry of Defence (MOD) organisation.
Further orders are expected over the period of the
partner's two-year framework contract albeit the volume and timing
of subsequent orders is as yet not certain.
The ThreatScan®-AS1 is part of Image
Scan's expanding range of portable X-ray systems designed to equip
military and counter-terrorism units for safe and rapid
investigation of suspicious devices.
The initial order of ThreatScan®-AS1
portable X-ray system's valued at approximately £300k and is
scheduled for delivery in H2 FY24. Further orders are expected over
the period of the partner's two-year framework contract albeit the
volume and timing of subsequent orders is as yet not
certain.
This order represents a major
milestone for Image Scan, marking the first large-scale order for
the recently released ThreatScan®-AS1 for
use by a European military organisation. It validates the Company's
product development strategy to develop and deliver
higher-performance solutions in the portable x-ray
market.
The framework contract is not
expected to impact Image Scan's working capital requirements. The
initial order is supportive of the Company's expectations for the
year ended 30 September 2024.
Vince Deery, CEO of Image Scan, commented:
"We are thrilled to announce this initial order,
it marks a major step forward in positioning our portable X-ray
product line and underscores the strength of our international
sales and marketing efforts. We are confident that the superior
capabilities of our new systems will resonate with other customers
globally."
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
-ENDS-
Image Scan Holdings
plc
Tel: +44 (0) 1509
817400
Vincent Deery CEO
Sarah Atwell-King, CFO & Company
Secretary
WH Ireland
Limited -
Nominated Advisor and Corporate Broker
Tel: +44 (0) 207 220 1666
Mike Coe/Sarah Mather (Corporate
Finance)
ABOUT IMAGE SCAN HOLDINGS
PLC
About Image Scan Holdings
plc
The core activity of the Group is
the manufacture of portable X-ray systems for security and counter
terrorism applications. The Group recently launched a cabinet X-ray
machine and is replacing its Axis range of checkpoint X-ray systems
with new machines developed with a partner. All these products are
taken to market across the world through a strong network of
international partners.
In addition, over the last sixteen
years, Image Scan has developed and manufactured industrial X-ray
inspection systems, the MDXi range. The primary market for these
systems is in automotive emissions control where they are used for
quality control inspection of catalytic converters and diesel
particulate filters.
The visibility and reach of the
Company's 3DX-Ray brand has been further strengthened through a new
LinkedIn profile focussed on its EOD and counter-terrorism
activities. This can be found at: https://www.linkedin.com/company/3dx-ray/
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
