Image Scan Holdings plc (AIM: IGE), the specialist supplier of X-ray screening systems to the security and industrial inspection markets, is pleased to announce that it has been selected for a contract with a prominent UK defence contractor, NP Aerospace Limited for the supply of its ThreatScan® portable X-ray system.
The contract (which is subject to the finalisation of commercial terms) will commence with a three month trial and testing process expected to commence in September 2024. Once the trials are successfully concluded, Image Scan will commence delivery of its ThreatScan® portable X-ray systems. The estimated contract value is c.£3 million over a 36 month period. The contract will not impact the sales and profit performance for the Company’s year ending on 30 September 2024 (“FY24”) with revenue and profits being recognised in FY25 and FY26.
The ThreatScan® portable X-ray system is designed to empower bomb technicians, enabling them to conduct rapid and accurate threat assessments across a diverse range of operational scenarios. The system comprises a portable X-ray generator, a detection panel, and an operator’s workstation running the Company’s market-leading image processing software. Additionally, a customer-specific range of ancillary equipment complements the system.
Vince Deery, Image Scan’s Chief Executive, commented, “I am delighted that we have secured this contract, which has been achieved against stiff international competition. This success stems directly from our revised product development strategy to focus on high performing portable systems and confirms our confidence in the strength of our extended portable X-ray product range within a competitive market.”
“Image Scan remains committed to providing cutting-edge solutions in X-ray screening and reaffirms its dedication to meeting the evolving needs of the security inspection sector.”
