SIGNIFICANT CONTRACT WINS

RNS Number : 4540J

Image Scan Holdings PLC

17 July 2013

 



17 July 2013

Image Scan Holdings plc

("Image Scan" or "the Company")

SIGNIFICANT CONTRACT WINS

Recent contract wins of £850,000

The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the security and industrial inspection markets, is pleased to announce recent contract wins totalling £850,000.

Key Points:

·     New orders totalling £850,000 since 20 June 2013

·     Including four multiple unit contracts for security equipment

·     £3.5m of cumulative orders in current financial year

Since the interim report on 20 June, the Company has secured four multiple unit contracts for the supply of security equipment totalling £850,000. Having started the year with an order book of approximately £0.4m, the Company has now booked new contracts of £3.1m in the year to date giving total cumulative orders of £3.5m.  This level of order intake is 42% ahead compared to the same period last year and comprises 79% security sales.

Commenting, Chief Executive, Louise George said: "The Board is delighted with the recent level of order intake having secured £2.3m contracts since the start of April.  These contract successes are a result of our strategy to focus on developing a range of standard products and our investment in proactive sales and marketing activity in territory.   The Board believes that increased investment in extending the product range will provide the necessary platform for further growth and therein achieve profitability on a sustainable basis."

-ENDS-

For further information, please contact:

Image Scan Holdings plc                                                               Tel: [phone]

Brian Emslie, Chairman

Louise George, CEO

[e-mail]

Cantor Fitzgerald Europe                                                             Tel: [phone]

Rick Thompson / Tom Sheldon (Corporate Finance)

Richard Redmayne / Paul Jewell (Corporate broking)

Yellow Jersey PR Limited                                                             Tel: [phone]

Dominic Barretto

Anna Legge

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

 

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