Press Releases
Multiple new contracts secured for 3D x-ray technology of over £750,000
3 April 2008
The Board of Image Scan, specialists in the field of real-time 3D and 2D x-ray imaging for the ‘Homeland Security’ and ‘Industrial Inspection’ markets, announces that further orders have been received for its AXIS-3D® system from China and for its MDXi-400™ system from Johnson Matthey in the US.
Following comprehensive negotiations with its Chinese distributor, Shanghai Unitech, the Company has received two new orders for its AXIS-3D® baggage screening system. The first order is for one machine based on the second generation of the Company’s 3D technology and is expected to be delivered within the next 8 weeks. The second order, valued at £630,000, is conditional on the satisfactory acceptance testing of the new design. It is anticipated that both AXIS-3D® orders should be deliverable in the current financial year but this will be dependent on the prompt approval of the first system.
Furthermore, the Company has recently sold an MDXi-400™ system to Johnson Matthey to operate alongside the three inspection systems already supplied by Image Scan into their US plant.
As a result the order book at the end of our first half stood at £1m comprising the Chinese orders announced above and TPXi orders as referred to in the recent trading update. Whilst these orders will enable the Company to meet its sales target for homeland security, further industrial sales must be secured to achieve the overall objective of stabilising the financial position of the Company.
Image Scan’s CEO, Nick Fox, commented, “Following recent success in selling the AXIS-3D® system for use at the Beijing Olympics, we have now secured the opportunity for significant sales into China. This will form a platform for further collaboration in China and help establish a market for the AXIS-3D® system in the Far East.”
-ENDS-
For further information, please contact:
| Image Scan Holdings plc | Tel: +44 (0) 1664 503 600 |
| Gilbert Chalk, Chairman | |
| Nicholas Fox, CEO | |
| info@ish.co.uk | |
| Bishopsgate Communications Ltd | Tel: +44 (0) 20 7562 3350 |
| Dom Barretto/Jenni Herbert | |
| Seymour Pierce | Tel: +44 (0) 20 7107 8008 |
| David Newton / Sarah Jacobs |
About Image Scan Holdings plc
Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global industrial and security inspection markets. The Company's industrial inspection solutions include the MDXi unit and the DEX systems. The security portfolio includes AXIS-3D®, a unique 3D baggage inspection system for corporate and airport security, and TPXi, a portable bomb and suspect package detection system.
Current Technology Portfolio
The Company’s portfolio currently comprises of the following x-ray inspection systems: AXIS-3D®; MDXi-400™; TPXi-675™; and the DEX™ x-ray vision engine for OEM applications.
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
