17 July 2017
Image Scan announces rapid order book growth
Image Scan, the AIM-listed specialist supplier of X-ray screening systems to the security and industrial inspection markets, is delighted to announce rapid growth in its order book for its full range of security and industrial products.
Recent order intake has exceeded £2.5m and includes new orders for industrial X-ray products from the automotive industry and for cabinet, conveyor and portable X-ray products from security customers. Customers for these new systems are in Europe, the Middle East and Asia and include several first-time users of Image Scan X-ray inspection systems.
In announcing its interim results in April, the Company stated that it was performing in line with market expectations. These new orders mean the Company will now exceed market expectations, the extent to which being dependent on both the supply chain and manufacturing performance in the period leading up to the 30th September year end. The Company will issue a more detailed statement regarding its expected performance once supply chain and operational planning for the new orders is complete.
Bill Mawer, Chairman and CEO of Image Scan, said: “I am delighted with this growth in our order book and in the fact that all our major product categories are included. It is also exciting to welcome new users to the Image Scan community. As was the case last year, we now have to work with our supply chain to increase our pre year-end deliveries from this order book. This process is well underway and we already have contract labour supporting the permanent staff in our manufacturing team.”
For further information, please contact:
Image Scan Holdings plc Tel: +44 (0) 1509 817400
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / David Foreman / Michael Reynolds (Corporate Finance)
Alex Pollen/Mark Westcott (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® 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.