Launch of innovative new security system

12 October 2020

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

LAUNCH OF INNOVATIVE NEW SECURITY SYSTEM

Image Scan, (AIM: IGE) specialists in the field of X-ray imaging for the security and industrial inspection markets, announces the market launch of the AXIS-CXi, an innovative cabinet X-ray system for use in mailrooms and a wide range of other security screening environments.

The AXIS-CXi uses the dual energy X-ray technology deployed in airport security and in Image Scan's own portable X-ray systems to separate different classes of material, the first time this technology has been offered in a cabinet X-ray format. In addition, the system will offer a large chamber and improved X-ray performance, making it suitable for use beyond mailrooms, the environment where most cabinet X-ray systems have traditionally been deployed. Potential additional opportunities include government and commercial buildings, prisons, and customs.

AXIS-CXi will be shown to potential customers for the first time at the Total Security Summit, a security technology event to be held online on Monday 12^th October. This is an example of how the Company has successfully adapted its marketing strategy to reflect the travel restrictions imposed during the COVID-19 pandemic.

The Company worked with Bluefrog Design, an award-winning industrial design company based in Leicester, on the external appearance of the new system, work that will be incorporated into future Image Scan products.    

Bill Mawer, Chairman and Chief Executive Officer of Image Scan commented: "With outstanding support from our staff and our partners, we have continued to drive our new product development projects forward through the COVID-19 pandemic. It is, therefore, a moment of pride for the whole organisation to launch such an exciting new product at this time. The new system is important for us, expanding our sources of income and, as units are installed around the world, increasing our recurring support revenue." 

The Company will provide a pre-close statement on its results for the year to 30 September 2020 in late October 2020. 

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