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Image Scan Holdings PLC announced on 12 June 2024 that it has won a contract. The contract is valued at over £350,000 for the supply of ThreatScan®-LSC Systems to a military customer. Delivery of these systems is scheduled for H2 FY24.
| Date | 12 Jun 2024 |
| Time | 07:00:05 |
| Category | Corporate updates |
| ID | 0249S |
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")
Contract award worth over £350k
Image Scan (AIM: IGE), the specialist supplier of X-ray screening systems for security and industrial inspection, is delighted to announce it has won a contract worth more than £350k scheduled for delivery in H2 FY24.
The contract is for the supply of a significant quantity of ThreatScan®-LSC Systems to a military customer for use by their Explosive Ordinance Disposal ("EOD") units currently engaged on active service.
This contract is in line with the Company's expectations for the year ended 30 September 2024.
Vince Deery, CEO of Image Scan, commented: "We are delighted with this contract because, as a long-standing repeat customer operating in the harshest conditions, it represents faith in our company, products, and service"
"Also from a business perspective, the contract ensures we maintain our recent successes and remain on track to meet our financial expectations."
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)
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/
ABOUT 3DX-RAY
The 3DX-RAY Threat Scan®-LSC is a portable x-ray inspection system that includes two panels: the large format LS1 panel and the compact LS3 panel.
The LS1 panel has a large imaging area of 600mm x 460mm to scan typical bags and packages in one scan, yet is lightweight and thin.
The LS3 panel is more compact with an imaging area of 305mm x 256mm, for use where access to suspect packages is limited or under vans, for example.
This combination system is both flexible in deployment configurations and powerful with the ability to penetrate steel up to 40mm at 120kV. It also produces high quality, sub-millimetre resolution images. These systems are ideal for the military EOD community as well as border agencies, police and security services.