Contract Award
Image Scan Holdings PLC has secured a significant contract with a European government defence organisation to supply 25 ThreatScan® portable X-ray systems for Explosive Ordnance Disposal operations. This award, achieved through a competitive international tender, highlights the company's technological capabilities and reinforces its position as a trusted supplier to military clients. The majority of the revenue from this contract is expected to be recognised in the current financial period, with deliveries and customer acceptance milestones dictating the precise timing.
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Image Scan Holdings is pleased to announce that it has signed a contract with a European government defence organisation following a competitive international tender process.
Under the contract, Image Scan will supply 25 units of its ThreatScan® portable X‑ray systems for use in Explosive Ordnance Disposal (EOD) operations. The precise timing and allocation of revenue recognition will depend on delivery schedules and customer acceptance milestones, with a majority anticipated to be recognised in the current financial period.
The contract was secured against strong international competition and further demonstrates the operational capability, reliability and performance of the Company's ThreatScan® technology in demanding military applications.
Commenting on the award, Vince Deery, Chief Executive Officer of Image Scan, said:
"We are pleased to have secured this contract with a European defence organisation following a highly competitive international tender process. This award reflects the proven performance of our ThreatScan® systems in demanding operational environments and reinforces Image Scan's position as a trusted supplier of portable X‑ray solutions to government and military customers. We look forward to supporting the customer as deliveries commence."
Image Scan Holdings plc Tel: +44 (0) 1509 817400
Vincent Deery CEO
Sarah Atwell-King, CFO & Company Secretary
Zeus - Nominated Advisor and Corporate Broker Tel: +44 (0)203 829 5000
Mike Coe/James Bavister (Investment Banking)
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