South-East Asian Mass Transit Contract Award
Thruvision Group plc has announced a significant contract award in South-East Asia for its walk-through security technology, expected to generate over £1 million in revenue. The deal involves the deployment of 20 high-throughput people-screening systems for a major international rail-link, with delivery anticipated this quarter. This expansion into the Asian mass transit market, achieved through a regional integration partner, validates the company's strategic approach and marks a positive development for Thruvision. An additional award for support services is expected in the next financial year.
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Thruvision Group plc (AIM: THRU), the leading provider of walk-through security technology ("Thruvision" or the "Company" and, together with its subsidiary undertakings, the "Group"), announces that it has been notified by one of the Company's regional integration partners (the "Partner") of a contract award to the Partner which includes the deployment of Thruvision's technology in a South-East Asian mass transit security application. The award is expected to generate more than £1 million in revenue for Thruvision.
The award relates to the deployment of 20 Thruvision high-throughput people-screening systems for a major international rail-link. The systems will be used to enhance passenger safety while maintaining high throughput and minimal disruption to passenger flow. Delivery of the systems is expected to take place during the current quarter. An additional award is anticipated for support services in the next financial year.
This award represents a significant step in the expansion of Thruvision's presence in the Asian mass transit market and further validates the Company's strategy of working with trusted regional partners to address large-scale opportunities.
Commenting on the announcement, Victoria Balchin, CEO of Thruvision, said:
"This award demonstrates the growing demand for our technology and, as the second major order in this region this financial year, reflects the increasing traction of our regional partner strategy in Asia, reinforcing confidence in its effectiveness across our established market sectors."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.