RNS REACH
22 May 2019
Thruvision Group plc
("Thruvision" or the "Company")
Contract award announcement
Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, is pleased to announce two recent, strategically important contract awards by US customers which, in total, amount to $3.1 million of equipment and support, of which $2.3 million will be delivered in FY20, [with the balance to be booked as support revenue in future years].
Firstly, following a small order in early 2019, the US State Department's Bureau of International Narcotics and Law Enforcement Affairs (INL) has awarded Thruvision a framework purchasing agreement. INL's mission is to minimise the impact of international crime and illegal drugs on the US, its citizens and partner nations by providing effective foreign government assistance. As part of this award, an initial order for Thruvision equipment has been placed for immediate delivery to a central American host nation.
Second, following Los Angeles Metro's decision to purchase Thruvision in 2018, Los Angeles World Airports (LAWA), which operates Los Angeles International Airport (LAX), has ordered a small number of Thruvision units to provide a new layer of employee security screening. LAWA chose Thruvision based on its safe, respectful, high-throughput capability. Earlier this year, Thruvision received a significant follow-on order from the Philippines to enhance airport protection, and this provides another excellent reference point for Thruvision within the transportation and aviation security market.
Commenting on the announcements, Colin Evans, Chief Executive, said: "Having been vetted and approved by the TSA for use in the mass transportation market, we are delighted to see a growing number of leading US government organisations recognising the proven performance of our technology. These awards firmly establish Thruvision in the US border control and aviation security markets and provide invaluable reference points for the broader international market."
For further information please contact:
Thruvision Group plc +44 (0)1235 436180
Tom Black, Executive Chairman
Colin Evans, Chief Executive
Investec Bank plc +44 (0)20 7597 5970
Andrew Pinder / Sebastian Lawrence / Patrick Robb
FTI Consulting LLP +44 (0)20 3727 1000
Matt Dixon / Harry Staight / Shamma Kelly
About Thruvision
Thruvision Group plc is a specialist provider of people-screening technology that can detect metallic and non-metallic threats - like weapons, explosives and contraband items - hidden under clothing. Using patented passive terahertz technology, Thruvision addresses the growing need for fast, safe and effective security and has been vetted and approved by the US Transportation Security Adminstration. More than 200 units have been deployed worldwide over the last five years for applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention.
www.thruvision.com
