Image Scan Holdings PLC Trading Update (2189L)

TIDMIGE

RNS Number : 2189L

Image Scan Holdings PLC

17 July 2017

17 July 2017

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain

This announcement contains inside information

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

(AIM: IGE)

Image Scan announces rapid order book growth

Image Scan, the AIM-listed specialist supplier of X-ray screening systems to the security and industrial inspection markets, is delighted to announce rapid growth in its order book for its full range of security and industrial products.

Recent order intake has exceeded GBP2.5m and includes new orders for industrial X-ray products from the automotive industry and for cabinet, conveyor and portable X-ray products from security customers. Customers for these new systems are in Europe, the Middle East and Asia and include several first-time users of Image Scan X-ray inspection systems.

In announcing its interim results in April, the Company stated that it was performing in line with market expectations. These new orders mean the Company will now exceed market expectations, the extent to which being dependent on both the supply chain and manufacturing performance in the period leading up to the 30(th) September year end. The Company will issue a more detailed statement regarding its expected performance once supply chain and operational planning for the new orders is complete.

Bill Mawer, Chairman and CEO of Image Scan, said: "I am delighted with this growth in our order book and in the fact that all our major product categories are included. It is also exciting to welcome new users to the Image Scan community. As was the case last year, we now have to work with our supply chain to increase our pre year-end deliveries from this order book. This process is well underway and we already have contract labour supporting the permanent staff in our manufacturing team."

-ENDS-

For further information, please contact:

Image Scan Holdings plc Tel: [phone]

William Mawer, Chairman

Sarah Atwell-King, Company Secretary

[e-mail]

Cantor Fitzgerald Europe Tel: [phone]

Rick Thompson / David Foreman / Michael Reynolds (Corporate Finance)

Alex Pollen/Mark Westcott (Sales)

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time X-ray solutions for use in the global Security and Industrial inspection markets. The Company's Security portfolio includes the ThreatScan(R) range of portable bomb and suspect package detection systems; the Axis range of baggage inspection systems; and SVXi, a small vehicle inspection system. The Industrial inspection solutions include the MDXi product range, cabinet X-ray systems for laboratories and production lines. The Company was founded in 1996 and joined AIM in 2002.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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July 17, 2017 03:19 ET (07:19 GMT)