Image Scan Holdings PLC Contract Win and Further Trading Update (6439M)
18 Settembre 2019 - 8:00AM
UK Regulatory
TIDMIGE
RNS Number : 6439M
Image Scan Holdings PLC
18 September 2019
18 September 2019
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
Contract Win and Further Trading Update
Image Scan (AIM:IGE), the specialist supplier of X-ray screening
systems to the security and industrial inspection markets is
pleased to announce the award of a substantial security X-ray
contract and provides a further trading update for the financial
year to 30 September 2019.
The new contract, which is worth in excess of GBP800,000, is to
provide Image Scan's ThreatScan(R) portable X-ray systems to a
security organisation of a European country. ThreatScan(R) allows
bomb technicians to perform rapid and accurate threat assessment in
a wide range of operational scenarios. A system consists of a
portable X-ray generator, a detection panel and an operator's
workstation running the Company's market leading image processing
software, together with a customer specific range of ancillary
equipment.
The new contract is expected to be delivered in the first half
of financial year ending 30 September 2020 and so will not impact
the sales and profits performance for the year ending 30 September
2019. As previously reported, security sales were disappointing in
the third quarter and the business will make a loss in FY 2019. The
loss is the expected to be in the region of GBP400,000.
Image Scan's Chairman and Chief Executive, Bill Mawer,
commented: "This was an excellent win from a demanding customer
against stiff competition and gives us confidence in the
competitiveness of our portable X-ray systems in a crowded market.
We look to win further security orders of this type in the new year
and, in the last week, have been demonstrating our equipment at the
DSEI show in London in support of that aim.
Our overall performance for the current financial year has been
disappointing and we look to our extensive sales and product
development initiatives to drive improved performance in FY
2019/20."
The Company will provide a pre-close statement on its results
for the year to 30 September 2019 in October 2019.
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / Will Goode (Corporate Finance)
Caspar Shand Kydd (Sales)
Person responsible:
The person responsible for arranging the release of this
announcement on behalf of Image Scan is William Mawer.
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(R) 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
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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