REG - Image Scan Holdings - Initial c£300k order for new Portable X-Ray System

Image Scan HoldingsAnnouncement

29/04/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240429:nRSc2802Ma&default-theme=true

RNS Number : 2802M  Image Scan Holdings PLC  29 April 2024

 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")

Initial c.£300k order for new Portable X-Ray System

Image Scan (AIM: IGE),  the specialist supplier of X-ray screening systems
for security and industrial inspection, is delighted to announce it has won an
initial order of approximately £300k from a partner to supply them with
ThreatScan®-AS1 portable X-ray systems pursuant to a framework contract the
partner has secured with a European Ministry of Defence (MOD) organisation.
Further orders are expected over the period of the partner's two-year
framework contract albeit the volume and timing of subsequent orders is as yet
not certain.

The ThreatScan®-AS1 is part of Image Scan's expanding range of portable X-ray
systems designed to equip military and counter-terrorism units for safe and
rapid investigation of suspicious devices.

The initial order of ThreatScan®-AS1 portable X-ray system's valued at
approximately £300k and is scheduled for delivery in H2 FY24. Further orders
are expected over the period of the partner's two-year framework contract
albeit the volume and timing of subsequent orders is as yet not certain.

This order represents a major milestone for Image Scan, marking the first
large-scale order for the recently released ThreatScan®-AS1 for use by a
European military organisation. It validates the Company's product development
strategy to develop and deliver higher-performance solutions in the portable
x-ray market.

The framework contract is not expected to impact Image Scan's working capital
requirements. The initial order is supportive of the Company's expectations
for the year ended 30 September 2024.

Vince Deery, CEO of Image Scan, commented: "We are thrilled to announce this
initial order, it marks a major step forward in positioning our portable X-ray
product line and underscores the strength of our international sales and
marketing efforts. We are confident that the superior capabilities of our new
systems will resonate with other customers globally."

For further information on the Company, please visit: www.ish.co.uk
(http://www.ish.co.uk/)  and for further information on its products, please
visit: www.3dx-ray.com (http://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)

 

ABOUT IMAGE SCAN HOLDINGS PLC

About Image Scan Holdings plc

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/
(https://www.linkedin.com/company/3dx-ray/)
(https://www.linkedin.com/company/3dx-ray/)

 

For further information on the Company, please visit: www.ish.co.uk
(http://www.ish.co.uk/)  - and for further information on its products,
please visit: www.3dx-ray.com (http://www.3dx-ray.com/)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCEASLKAFLLEFA