21 July 2014
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Exclusive Supply Agreement Signed with Leading Global Provider of X-ray Inspection Solutions
Image Scan, the AIM-listed specialist supplier of x-ray screening systems to the security and industrial inspection markets, is pleased to announce that it has signed an exclusive supply agreement with a leading global provider of x-ray inspection solutions based in the US. Under the terms of the Agreement, Image Scan will be supplied with a specially designed, portable x-ray generator, which is a significant component in the Company's FlatScan product range which is offered to bomb disposal and counter-terrorism customers throughout the world. The Agreement provides Image Scan with exclusive rights to market the product in the security sector.
The new generator has been designed and manufactured to the specific requirements of the portable market where Image Scan has established a strong market presence. The engineering teams from both companies have worked in close collaboration to create a more robust, smaller and lighter product, with a better form factor.
Commenting on the Agreement, Bill Mawer, Chairman and CEO of Image Scan said: "This agreement is a significant step in the planned modernisation and expansion of our portable x-ray offering. We are excited to be working with such a well-respected manufacturer in the x-ray field. The new generator has been designed using their considerable x-ray expertise and Image Scan's knowledge of the portable x-ray market. It incorporates significant improvements in performance and reliability over the unit it replaces.
"We anticipate that the improved generator will allow us to access new markets, including those in North America, which are key for our future growth. We plan further product launches in this area including new x-ray detector panels and enhanced software."
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817 400
Bill Mawer, Chairman and Chief Executive Officer
[email protected]
Cantor Fitzgerald Europe Tel:+44 (0) 207 894 7000
Rick Thompson / Mark Percy
David Banks / Paul Jewell
Yellow Jersey PR Tel: +44 (0) 7747 788 221
Anna Legge / Dominic Barretto
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 Axis range of baggage inspection systems; the FlatScan range of portable bomb and suspect package detection 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 is now broadening its scope to look at other key applications where its technology can be adopted, such as in the Medical devices industry. 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
