Image Scan Holdings PLC Trading Statement (6864C)
June 30 2016 - 1:00AM
UK Regulatory
TIDMIGE
RNS Number : 6864C
Image Scan Holdings PLC
30 June 2016
30 June 2016
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
(AIM: IGE)
Major order for portable X-ray systems
Image Scan, the AIM-listed specialist supplier of X-ray
screening systems to the security and industrial inspection
markets, is delighted to announce that it has received a large
order for its ThreatScan(R)-LS1 portable X-ray system.
The customer is a government security organisation in Asia, and
the value of the contract is just over GBP800k. Delivery is due in
December 2016. This order constitutes the single largest portable
X-ray order ever received by Image Scan, in both value and number
of units, and is a strong affirmation of the competitive
positioning of the ThreatScan(R)-LS1 system. The Company has
received the first stage payment.
ThreatScan(R)-LS1 is part of the expanding range of portable
X-ray systems developed by Image Scan following its August 2014
fundraising. The system allows police and military counter terror
teams to investigate suspect packages quickly and safely. It is
made up of a compact rugged X-ray generator (which is unique to
Image Scan), the Company's ultra-thin detector panel and a rugged
laptop running the new ThreatSpect suite of image analysis
software. All elements of the system can be connected
wirelessly.
The fulfilment of the new order is not expected to impact Image
Scan's working capital requirements. The Company is performing in
line with market expectations before receipt of this new order.
Given the timing of the receipt of this order the Company will
issue a statement regarding any potential impact on performance for
the financial year to 30 September 2016 once supply chain and
operational planning for the new order is complete.
Bill Mawer, Chairman and CEO of Image Scan, said: "I am
delighted to be able to announce this important new order. This
marks a significant milestone in the repositioning of our portable
X-ray product range and demonstrates the strength of our
international sales and marketing efforts. We are confident that
other customers will find the many distinctive features of our new
systems attractive."
-ENDS-
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
ir@ish.co.uk
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / David Foreman / Michael Reynolds (Corporate
Finance)
David Banks / Alex Pollen (Sales)
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 ThreatScan(R) range
of portable bomb and suspect package detection systems; the Axis
range of baggage inspection 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 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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