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Image Scan Holdings PLC - Loughborough, England-based x-ray screen system supplier - Wins contract worth more than £350,000, scheduled for delivery in the second half of the year. The contract is for the supply of a ‘significant quantity’ of ThreatScan-LSC Systems, the firm’s portable x-ray inspection systems, to a military customer. The systems will be used by the client’s Explosive Ordinance Disposal units currently engaged on active service. Image Scan says that the contract is in line with its expectations for the year ending September 30.
Chief Executive Officer Vince Deery says: ‘We are delighted with this contract because, as a long-standing repeat customer operating in the harshest conditions, it represents faith in our company, products, and service. Also from a business perspective, the contract ensures we maintain our recent successes and remain on track to meet our financial expectations.’
Current stock price: 1.51 pence, down 2.6% in London on Wednesday
12-month change: down 30%
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