Safestore Share Discussion Threads

[8 ball] 05/12/2003 19:36

RNS Number:9431S
Photo-Scan PLC
05 December 2003

Photo-Scan Plc announces that it was informed on 4 December 2003 that Fortress
Finance Investment Inc. purchased 276,126 shares in the Company on 3 December
2003. Following this purchase Fortress Finance Investment Inc now holds
3,693,196 shares in the Company representing approximately 16.43 per cent. of
the issued share capital of Photo-Scan Plc.


This information is provided by RNS
The company news service from the London Stock Exchange

[8 ball] 05/12/2003 19:33

'Bug-busters' directors in hospitals
The Government has stepped up measures to tackle deadly hospital "superbugs" after it emerged that the number of patients struck down by the infections has increased in a year.

A league table of the best and worst performing NHS trusts was also published for the first time, allowing the public to see if their local hospital has made any headway in cutting the main bug MRSA.

The figures came as the Chief Medical Officer for England Sir Liam Donaldson announced that "bug-buster" bosses would be appointed in every hospital to impose strict rules to cut infections.

Hospital-acquired infections strike around 100,000 people every year in England, costing £1 billion and resulting in an estimated 5,000 deaths.

But simple measures such as making sure doctors and nurses wash their hands between patients and limiting the use of invasive procedures such as drips could dramatically cut these figures.

The latest figures, released by the Department of Health, showed that the total number of MRSA cases - which are resistant to antibiotics - increased from 7,281 in 2001-02 to 7,384 in 2002-03.

The number of infections classed in the staphylococcus aureus group increased to 18,519 - up 586 on the previous year.

There are a variety of reasons for the rise of superbugs, including poor hygiene, more advanced surgery techniques and the over-prescription of antibiotics which played a part in the development of infections such as MRSA.

The bug normally enters the wounds of hospital patients weakened by disease or injury and is especially dangerous after surgery.

England has one of the worst rates of hospital-related infection in Europe - 9% compared to 6% in France, 7% in Norway and the Netherlands and 8% in Spain and Denmark.

[garth] 02/12/2003 19:50

Image Scan, results in two weeks.

AXIS-3D© AND 3DX-CAMERA™
"Currently the core security product Image Scan Holdings manufactures is the Axis-3D© baggage inspection system, which is the world's first real time 3D X-ray baggage inspection system. By using the 3DX-camera™, Axis-3D© provides unparalleled 2D, 2½D and 3D images without any compromise to either baggage throughput or material discrimination."
The view from the new piece of kit marketed in conjunction with Rapiscan:



And endless zoom-in:


Interesting website. Looks to be an Italian company marketing ISH products. Has some great pictures of scanned plastic components:

[garth] 01/12/2003 07:05

JAS Finance director:

RNS Number:6109S
Jasmin PLC
01 December 2003


1 December 2003

Jasmin PLC ("Jasmin" or the "Company")

JASMIN APPOINTS FINANCE DIRECTOR

Jasmin is pleased to announce the appointment of Mark Thickbroom as Finance
Director with immediate effect.

Pursuant to section 6F.2 B-G of the Listing Rules, there is nothing that is
required to be disclosed.

Mark (40) was educated at Demontfort University, has received FCCA qualification
from the Association of Chartered Certified Accountants and an MBA from the
Manchester Business School. He started his career as a financial accountant with
Federal Express Europe Inc. He has since worked as Financial Controller for GEC
Alsthom, Finance Director of a subsidiary of Headlam Group plc, and Finance
Director for three subsidiaries of Misys Group plc. More recently, Mark has been
the Commercial Manager for Caudwell International Ltd and Group Financial
Controller for Bourne Leisure Ltd. Mark joins Jasmin from McKesson Information
Solutions Ltd where he was UK Finance Director.

Chairman, Roger Plant said:

"I am delighted to have someone of Mark's extensive experience joining Jasmin.
He will be invaluable as we look to build the management team that will drive
the Company forward."

[garth] 28/11/2003 22:39

lol!

G.

[8 ball] 28/11/2003 19:55

Thanks garth.

Since when did ETQ sell units ????

[garth] 25/11/2003 08:02

Image Scan Holdings - Re Directorate
RNS Number:4270S
Image Scan Holdings PLC
24 November 2003

For Immediate Release 24 November 2003

IMAGE SCAN HOLDINGS plc

("Image Scan" or the "Company")

DIRECTORATE

Image Scan, a leading provider of multi-view, 3D X-ray imaging technologies for
the security and industrial inspection markets, has announced that Nigel Tipple
is to leave the Company, and has stepped down as Non-Executive Chairman. The
resignation will allow Mr Tipple to concentrate on his current business
interests.

The Company has appointed a current Non-Executive Director, Ian Johnson, as an
interim Chairman and is actively seeking a replacement.

[garth] 21/11/2003 13:51

C&E do use equipment based on Jasmin technology

JAS bidding for a Highways Agency motorway cameras contract woth an initial £1m

25k dumped yesterday nocked almost 20% off the price. But rumour is that there might be some good news in the Christmas stocking. :-)

G.

[garth] 20/11/2003 11:48

Friend in customs off on in-service training on detection of radioactive materials... Haven't checked what equipment they were using.

Anyone know ith the IGE unit is on use again with the Bush visit?

G.

[8 ball] 18/11/2003 21:18

ETQ has picked up a bit in the last couple of days, ahead of the result.
I think I will wait to see the results before buying.
I am holding London & Boston shares for their 20% in ETQ, at the time of my purchase they were a cheaper way in, not so now.

[garth] 18/11/2003 06:43

Hi 8 Ball,

Thanks. I'm still holding HYD - for good or bad. I think they've probably got a bit ahead of themselves at the moment but if they correct then I'll probably add a few. They're a core holding along with DYS (also looking a little toppy) and GHH which I add to occasionally as profits allow.

I've added PTO to the watch list and will have a nose around.

As for JAS, ETQ, and IGE I'm not sure that any of them be a HYD as none have the IP/long term legislation combination. But they do all seem to have individual products/expertise which have the potential to offer some substantial uplift.

Thanks for the conversation :-)

Regards,

G.

[8 ball] 17/11/2003 21:00

Good posting Garth.

Will always be grateful of posts on Hydro Int.
I wish I had held them longer.

I looked around for similar stocks following 9/11.

ETQ has great potential with Nightingale. Not a week goes by without us hearing about various outbreaks of viruses.

I also am a big fan of PTO (Photo Scan) they have good management, profitability and pay a good yield, which is rare in the security sector.
They have just landed a £40 million supply and maintain CCTV contract, with London busses.

Share price is about 90p I expect £1.40 in twelve month's

[garth] 17/11/2003 13:58

IGE:

Results due 16th December. Working capital raised:

29 October 2003
Image Scan Holdings plc

Result of placing

On 1st October 2003, Image Scan Holdings plc ("Image Scan" or the "Company")
announced a placing of up to 4,500,000 ordinary shares of 1p each at 35p per
share (the "Placing").

Today, the Company announces that, following the closing of the Placing the
Company has raised £1,080,000 before expenses for ongoing working capital
purposes and to further develop the Company's business.

Nick Fox, Image Scan's CEO today commented "We are delighted to have comfortably exceeded our minimum gross funding requirement of £900,000 and believe that this good response will provide Image Scan with the funds that it needs to move forward and continue to develop the business as set out in the "Recent developments/current trading" section of the Circular sent to shareholders on 1st October 2003, and the Stock Exchange announcement of the same date."
Subsequent to the closing of the Placing, the Company has applied for the
Placing Shares, which will rank pari passu with Existing Ordinary Shares, to be
admitted to trading on AIM, and expects that admission will occur on Friday 31st October 2003.

[garth] 17/11/2003 12:23

Jasmin from the other thread:

Wonder Boy - 17 Nov'03 - 09:33 - 13 of 17
Here's a secret that COULD have a material effect on the Jasmin (EPIC: JAS) share price. The company is one of 5 bidding for the Highways Agency's NRTS project. The project is worth £400 million over 10 years. Jasmin has a market cap of £4 million! The NRTS project involves installing and maintaining CCTV, electronic signs and emergency telephones on major UK roads. An area where JAS has extensive experience.
Got the NRTS news straight from the horse's mouth - an email from Jasmin. Unfortunately I don't have an further details. My understanding is that the Highways Agency is very satisfied with the quality of the ERT work, but that Jasmin are not satisfied with the progress of the project (but then they've already advised the market that delays have hampered cashflow). Its a long term project though so I'm confident Jasmin can get up to speed.

Other news that might be of interest to holders -

1. Interims on 15 December
2. JAS expect to announce appointment of an FD before interims
3. A contactless smartcard reader was developed by JAS. It was expecting it's partners (Marconi and OKI) to generate sales but was let down badly. I am not aware of any plans to bring this product to the market in the future.


riddlerone - 17 Nov'03 - 10:43 - 15 of 17
Wonderboy ,just been reading about the NRTS project.It is expected to start in 2004,so if your information is correct then i dont think we will have to long to wait.It would be nice to know if Jasmin have tendered with a partner or by themselves and who the other 4 companies are.Thanks for your info...regards Micky

ETQ also seeing some action today :-)

[garth] 04/11/2003 19:52

Jasmin:
5 year low.
Market Cap now just £3.6m

Good range of Defence kit and transport apps with a more helpful layout than on the Jasmin website:



Looks like 50-60 miles of the M20 in Kent now has its full complement of Emergency Roadside Telephones.

Buy low sell high. Get 'em when no-one else wants them.....

G.

[garth] 15/10/2003 12:23

Re. etq:

"Four major applications exist today for UVGI systems: healthcare, shelters, prisons, and commercial/residential applications. The latter market is currently the smallest, but may have the largest potential for growth. The types of air disinfection systems installed can be subdivided into three catagories: in-duct air diinfection, recirculation units, and upper air disinfection systems. "

Compare this with Fuel Cell Technology - transport apps have gained all the press and glamour, but it is the commercial/residential market for static Solid Oxide Fuel Cells which holds the really exciting future revenue streams. Fuel Cell Technology Corp (in the US) projects 5KW residential SODC units used as boilers in homes by 2007 - with a 2-4year pay-back period on efficiency gains.

Cf the Nightingale ->

We are talking about a first Nightingale trial in November. Then use in hospitals, then commercial. But why not one in every new home, built in to an airconditioning system? Or later, in the airconditioning system of every new car? Mass production would bring down costs in order to make this possible and what would the 'intangible' savings be in lost labour and NHS treatment? The 'intangible' value of the hightened sense of well-being?

And what price ETQ stock?

Just musings :-)

G.

[garth] 14/10/2003 12:14

Re. JASMIN:

Just over a week away. Might prove a catalyst for some news?

22 August 2003
RETAIL TELECOM SYSTEMS FOR THE RAIL MARKET JASMIN OPEN DAY 22nd OCTOBER 2003

Following the overwhelming success of the 2002 CIS Open Day we have pleasure in inviting you to the 2003 Retail Telecoms and Technology Showcase Event.

This event will be held at Jasmin's offices in Nottingham on Wednesday 22 October 2003 with coffee at 9.30 for presentations starting at 10.00.

Topics will include CIS, Audio, CCTV, Communication technologies, databases and Systems Integration aspects as applied to the Retail Telecoms Rail.

In the last year Jasmin have implemented a CIS and CCTV solution throughout the Chiltern Franchise. Chiltern now has a modern real-time Customer Information System that provides:

·A 'web based' design capable of multi-modal use.
·Distributed and Centralised control functions
·Low ongoing costs (minimised communication costs, no annual licence fee)

This system will be available to view together with a range of other technological innovations relevant to the Retail Telecoms Market from Jasmin and our Partners.

The day will be attended by the full spectrum of rail industry organisations from Consultants to Train Operating Companies and is open to all those who wish to increase their knowledge of what is available in the marketplace.

To book your place please contact Jasmin on 0115 9165165

[garth] 09/10/2003 12:37

Changed the thread title for Terry ;-)

ETQ seeing some action again today!

G.

[garth] 09/10/2003 12:36

Following indigestion caused by the press feeding-frenzy post-Iraq and the drift of time following 9/11, anthrax alerts and tanks at Heathrow, public security stocks are back off the menu. But the desire for safety is a fundamental human trait. Its why we alarm our houses, lock our doors and drop our kids at school.

So I thought that now might be a good time to open a discussion with 3 beaten-up security stocks:

Jasmin (JAS),
Image Scan Holdings(IGE),
Energy Technique PLC(ETQ)

All 3 have been sold down, all 3 suffer comparatively week balance sheets and therefore carry some risks, but all 3 have a story.....


Jasmin(JAS)




Jasmin hit real problems over the summer when results which were anticipated to be good turned sour. The way revenues are booked was altered. The 'highly cashflow generative' motorway emergency telephones deal wasn't proving so cash generative. Things were so bad that Jasmin appears to have told its broker that its services would no longer be needed and it appears that its broker wrote a piece in a financial publication that stated that Jasmin was facing chronic cashflow difficulties.

What actually seems to have happened was that over £800k of raw materials were ordered in the month and that that was foing to put great pressure on the end of September when payment fell due. Lots of fuss made. The MD and FD went and CEO Roger Plant took up a joint MD/CEO role.

Plant insisted back in August that the situation was no worse than it had been many times before and that they would get through it. They were simply undercapitalised. All creditors were being paid on time and that is the way it would stay.

Shares Mag ran a piece months ago suggesting that extra capital was desired to allow expansion.

We are now into October and there has been no statement. Jasmin are still trading. Are they through the worst? And if so, could the next results look somewhat better?

Jasmin have a number of strings to the bow including the large Emergency motorway telephones contract, transport industry passenger displays, and Digital CCTV. They also have had Smart-card passport trials in the near East for their 'pocket' smart card reader. The one that keeps on pulling in contracts, however, is their chemical weapons detectors. When concern over terrorism was high in the public mind (and lets fact it, it isn't right now) interest surrounding these was instrumental in pushing Jasmin to over 270p - more than 3 times the current price. In fact, Jasmin have lost more than 60% of their value in little over a year. Will sentiment shift again?

Price 79p
Market Cap £3.7m
Turnover £5.84m
Profit (£890,000 loss 2003, £720,000 profit 2002)

For a wider perspective see current thread:


Relevant section of the website:


Energy Technique PLC(ETQ)

Energy Technique's business is industrial heating, refrigeration and air conditioning. Trading in some areas has been weaker than anticipated and with redundancy costs and development costs added in, their recent AGM statement pointed to losses for the 5 months to the end of August - that sent the shares down further. They bounced 10% yesterday. From the point of view of this thread, the intersting bit is their Nightingale UVGI filtration product.


New UVGI air filtration product

In November 2002, the Company was pleased to announce its exciting new
Nightingale UVGI air filtration product, to be produced by a new joint-venture
company, UVGI Systems Limited, owned 55% by the Group and 45% by Suvair Limited. This rapid response mobile air filtration unit is capable of killing the MRSA
super bug and other airborne pathogens.

The Nightingale UVGI unit has widespread application where there is need to keep
air free of dangerous live bacteria, viruses, and fungal spores, including
hospitals, schools, cruise liners, aircraft, food processing, and military
applications.

The UVGI unit uses a high intensity Ultra Violet Germicidal Irradiation ("UVGI")
filter, which has been designed to control harmful and dangerous airborne
pathogens, such as Anthrax, Tuberculosis, and Staphylococcus aureus, the
causative agent in MRSA. The filtration system is combined with use of high
intensity Ultra Violet light, which inactivates micro organisms by disrupting
their DNA structure.

Tests of a prototype at the Defence Science Technology Laboratory ("Dstl") at
Porton Down, the centre for excellence for the Ministry of Defence, showed that
the UVGI unit captured and/or destroyed more than 99.9% of Bacillus subtilis
spores, a simulant for Anthrax bacteria.

Since November, second generation units have been developed, which will go on
applications testing at an NHS Trust Hospital in December 2003, following
building completion of its new haematology unit. It is also anticipated the
UVGI unit will shortly go on laboratory testing in the United States with
contractors nominated by the Department of Homeland Security.

The AGM statement adds;

"The development of the second-generation model of Nightingale, our award winning
UVGI air filtration unit is now virtually complete, but we are unlikely to be in
a position to announce sales until the unit has successfully completed clinical
field trials and accreditations. This process is proving far more protracted
than anticipated. In the UK the accreditation test of the production model will
be undertaken shortly and subsequently the unit is expected to commence clinical
field trials at an NHS hospital. A confirmed date is still awaited for laboratory testing in the USA to gain accreditation for the USA market. In addition, discussions are continuing with a number of parties who are interested
in licensing the UVGI product in their respective markets and countries."

As for the financial position, they don't appear to be swimming in cash, but were profitable and cash genearative last year:

"Profit before tax is £0.263 million, compared with last year's loss of £0.635
million, which included a loss on the disposal of Benson Heating. Profit before
tax on continuing activities improved by 18%.

Group cash flow

The Group generated a strong cash inflow from operating activities of £0.487
million, resulting in a further reduction in debt to £0.947 million at 31 March
2003, representing a gearing level of 78%. Interest paid was covered 3.5 times
by operating profit.

Working capital continued to be tightly controlled and has remained
substantially unchanged, notwithstanding a planned stock build of £0.285 million
to service the new Panasonic and LG Electronics distribution business.

Capital expenditure on plant, infrastructure, and computer systems amounted to
£0.2 million. This was the first year of a continuing capital expenditure
programme, which has started to redress the many years of under-investment
caused when the Group funded loss-making activities now disposed of."

For a wider perspective see current thread:




Image Scan Holdings(IGE)


Image produced using the DEX camera – An all plastic asthma inhaler

Image Scan announced this week that they would be raising new equity (30% dilutative by the look of things). This placing will not be made available to existing investors on a pre-emptive basis as the company wishes to broaden and institutionalise its shareholder base.

29th September 2003

IMAGE SCAN HOLDINGS plc

("Image Scan" or the "Company")

Mobile AXIS-3D(R)

Image Scan, a leading provider of multi-view, 3D X-ray imaging technologies for
the security and industrial inspection markets, is pleased to announce the
delivery and introduction into active service of the world's first
self-contained mobile 3D X-ray screening facility for use at airports, seaports
and other locations that require a rapid response - the MAXIS-3D(TM)

The MAXIS-3D(TM) has been purchased by the Police Scientific Development Branch
(PSDB) and will see active service at this year's Party Political Conferences,
starting with the Labour conference in Bournemouth.

Nicholas Fox, Chief Executive, said:

"The delivery of the MAXIS-3D(TM) to the PSDB represents another example of the
Company's core technologies finding commercial application in the continual and
real demands in the fight against terrorism ."

Image Scan Holdings plc ("Image Scan" or the "Company")
1 October 2003

ISSUE OF EQUITY

Image Scan today announces a proposed placing (the "Placing") by Durlacher
Limited ("Durlacher") of up to 4,500,000 Ordinary Shares at a placing price of
35 pence per Ordinary Share to raise up to £1.575 million before expenses.

Commenting on the placing, Nick Fox, Chief Executive said:

'I am delighted that investors have responded so positively to the Placing.
Image Scan is at an exciting period in its development and these additional
funds will allow us to push the commercialisation of our innovative products and
take the Company forward to the next stage in its evolution.'

Reasons for the Placing

The Placing proceeds will be used to provide additional funds to further develop
the Company's business and, in particular, to provide sufficient working capital
to enable the Company within a 12 month timeframe to:

* Establish an infrastructure to manage delivery of the Company's
current and future strategic agreements in the aviation security
sector

* Create a focused marketing function within the Company to specifically
address:

o Development of sales for security equipment into non-aviation
security markets
o Establish key industrial reference sites for DEX, VIXion and
AXIS-3D(R) products

* Accelerate on-going enhancements to the Company's IP portfolio

Ed. 17.11.03
Results due 16th December.
Working capital raised:

29 October 2003
Image Scan Holdings plc

Result of placing

On 1st October 2003, Image Scan Holdings plc ("Image Scan" or the "Company")
announced a placing of up to 4,500,000 ordinary shares of 1p each at 35p per
share (the "Placing").

Today, the Company announces that, following the closing of the Placing the
Company has raised £1,080,000 before expenses for ongoing working capital
purposes and to further develop the Company's business.

Nick Fox, Image Scan's CEO today commented "We are delighted to have comfortably exceeded our minimum gross funding requirement of £900,000 and believe that this good response will provide Image Scan with the funds that it needs to move forward and continue to develop the business as set out in the "Recent developments/current trading" section of the Circular sent to shareholders on 1st October 2003, and the Stock Exchange announcement of the same date."
Subsequent to the closing of the Placing, the Company has applied for the
Placing Shares, which will rank pari passu with Existing Ordinary Shares, to be
admitted to trading on AIM, and expects that admission will occur on Friday 31st October 2003.

Edit 02/12/03:
Image Scan, results in two weeks.

AXIS-3D© AND 3DX-CAMERA™
"Currently the core security product Image Scan Holdings manufactures is the Axis-3D© baggage inspection system, which is the world's first real time 3D X-ray baggage inspection system. By using the 3DX-camera™, Axis-3D© provides unparalleled 2D, 2½D and 3D images without any compromise to either baggage throughput or material discrimination."
The view from the new piece of kit marketed in conjunction with Rapiscan:



And endless zoom-in:


Interesting website. Looks to be an Italian company marketing ISH products. Has some great pictures of scanned plastic components:



For a wider perspective see current BB thread:



More later...


G.

[garth] 04/10/2003 07:36

ETQ moving up the last 2 days......

G.

[garth] 03/10/2003 06:23

Following indigestion caused by the press feeding-frenzy post-Iraq and the drift of time following 9/11, anthrax alerts and tanks at Heathrow, public security stocks are back off the menu. But the desire for safety is a fundamental human trait. Its why we alarm our houses, lock our doors and drop our kids at school.

So I thought that now might be a good time to open a discussion with 3 beaten-up security stocks:

Jasmin (JAS),
Image Scan Holdings(IGE),
Energy Technique PLC(ETQ)

All 3 have been sold down, all 3 suffer comparatively week balance sheets and therefore carry some risks, but all 3 have a story.....



Jasmin(JAS)
Jasmin hit real problems over the summer when results which were anticipated to be good turned sour. The way revenues are booked was altered. The 'highly cashflow generative' motorway emergency telephones deal wasn't proving so cash generative. Things were so bad that Jasmin appears to have told its broker that its services would no longer be needed and it appears that its broker wrote a piece in a financial publication that stated that Jasmin was facing chronic cashflow difficulties.

What actually seems to have happened was that over £800k of raw materials were ordered in the month and that that was foing to put great pressure on the end of September when payment fell due. Lots of fuss made. The MD and FD went and CEO Roger Plant took up a joint MD/CEO role.

Plant insisted back in August that the situation was no worse than it had been many times before and that they would get through it. They were simply undercapitalised. All creditors were being paid on time and that is the way it would stay.

Shares Mag ran a piece months ago suggesting that extra capital was desired to allow expansion.

We are now into October and there has been no statement. Jasmin are still trading. Are they through the worst? And if so, could the next results look somewhat better?

Jasmin have a number of strings to the bow including the large Emergency motorway telephones contract, transport industry passenger displays, and Digital CCTV. They also have had Smart-card passport trials in the near East for their 'pocket' smart card reader. The one that keeps on pulling in contracts, however, is their chemical weapons detectors. When concern over terrorism was high in the public mind (and lets fact it, it isn't right now) interest surrounding these was instrumental in pushing Jasmin to over 270p - more than 3 times the current price. In fact, Jasmin have lost more than 60% of their value in little over a year. Will sentiment shift again?

Price 79p
Market Cap £3.7m
Turnover £5.84m
Profit (£890,000 loss 2003, £720,000 profit 2002)

For a wider perspective see current thread:




Energy Technique PLC(ETQ)

Energy Technique's business is industrial heating, refrigeration and air conditioning. Trading in some areas has been weaker than anticipated and with redundancy costs and development costs added in, their recent AGM statement pointed to losses for the 5 months to the end of August - that sent the shares down further. They bounced 10% yesterday. From the point of view of this thread, the intersting bit is their Nightingale UVGI filtration product.


New UVGI air filtration product

In November 2002, the Company was pleased to announce its exciting new
Nightingale UVGI air filtration product, to be produced by a new joint-venture
company, UVGI Systems Limited, owned 55% by the Group and 45% by Suvair Limited. This rapid response mobile air filtration unit is capable of killing the MRSA
super bug and other airborne pathogens.

The Nightingale UVGI unit has widespread application where there is need to keep
air free of dangerous live bacteria, viruses, and fungal spores, including
hospitals, schools, cruise liners, aircraft, food processing, and military
applications.

The UVGI unit uses a high intensity Ultra Violet Germicidal Irradiation ("UVGI")
filter, which has been designed to control harmful and dangerous airborne
pathogens, such as Anthrax, Tuberculosis, and Staphylococcus aureus, the
causative agent in MRSA. The filtration system is combined with use of high
intensity Ultra Violet light, which inactivates micro organisms by disrupting
their DNA structure.

Tests of a prototype at the Defence Science Technology Laboratory ("Dstl") at
Porton Down, the centre for excellence for the Ministry of Defence, showed that
the UVGI unit captured and/or destroyed more than 99.9% of Bacillus subtilis
spores, a simulant for Anthrax bacteria.

Since November, second generation units have been developed, which will go on
applications testing at an NHS Trust Hospital in December 2003, following
building completion of its new haematology unit. It is also anticipated the
UVGI unit will shortly go on laboratory testing in the United States with
contractors nominated by the Department of Homeland Security.

The AGM statement adds;

"The development of the second-generation model of Nightingale, our award winning
UVGI air filtration unit is now virtually complete, but we are unlikely to be in
a position to announce sales until the unit has successfully completed clinical
field trials and accreditations. This process is proving far more protracted
than anticipated. In the UK the accreditation test of the production model will
be undertaken shortly and subsequently the unit is expected to commence clinical
field trials at an NHS hospital. A confirmed date is still awaited for laboratory testing in the USA to gain accreditation for the USA market. In addition, discussions are continuing with a number of parties who are interested
in licensing the UVGI product in their respective markets and countries."

As for the financial position, they don't appear to be swimming in cash, but were profitable and cash genearative last year:

"Profit before tax is £0.263 million, compared with last year's loss of £0.635
million, which included a loss on the disposal of Benson Heating. Profit before
tax on continuing activities improved by 18%.

Group cash flow

The Group generated a strong cash inflow from operating activities of £0.487
million, resulting in a further reduction in debt to £0.947 million at 31 March
2003, representing a gearing level of 78%. Interest paid was covered 3.5 times
by operating profit.

Working capital continued to be tightly controlled and has remained
substantially unchanged, notwithstanding a planned stock build of £0.285 million
to service the new Panasonic and LG Electronics distribution business.

Capital expenditure on plant, infrastructure, and computer systems amounted to
£0.2 million. This was the first year of a continuing capital expenditure
programme, which has started to redress the many years of under-investment
caused when the Group funded loss-making activities now disposed of."

For a wider perspective see current thread:




Image Scan Holdings(IGE)

Image Scan announced this week that they would be raising new equity (30% dilutative by the look of things). This placing will not be made available to existing investors on a pre-emptive basis as the company wishes to broaden and institutionalise its shareholder base.

29th September 2003

IMAGE SCAN HOLDINGS plc

("Image Scan" or the "Company")

Mobile AXIS-3D(R)

Image Scan, a leading provider of multi-view, 3D X-ray imaging technologies for
the security and industrial inspection markets, is pleased to announce the
delivery and introduction into active service of the world's first
self-contained mobile 3D X-ray screening facility for use at airports, seaports
and other locations that require a rapid response - the MAXIS-3D(TM)

The MAXIS-3D(TM) has been purchased by the Police Scientific Development Branch
(PSDB) and will see active service at this year's Party Political Conferences,
starting with the Labour conference in Bournemouth.

Nicholas Fox, Chief Executive, said:

"The delivery of the MAXIS-3D(TM) to the PSDB represents another example of the
Company's core technologies finding commercial application in the continual and
real demands in the fight against terrorism ."

Image Scan Holdings plc ("Image Scan" or the "Company")
1 October 2003

ISSUE OF EQUITY

Image Scan today announces a proposed placing (the "Placing") by Durlacher
Limited ("Durlacher") of up to 4,500,000 Ordinary Shares at a placing price of
35 pence per Ordinary Share to raise up to £1.575 million before expenses.

Commenting on the placing, Nick Fox, Chief Executive said:

'I am delighted that investors have responded so positively to the Placing.
Image Scan is at an exciting period in its development and these additional
funds will allow us to push the commercialisation of our innovative products and
take the Company forward to the next stage in its evolution.'

Reasons for the Placing

The Placing proceeds will be used to provide additional funds to further develop
the Company's business and, in particular, to provide sufficient working capital
to enable the Company within a 12 month timeframe to:

* Establish an infrastructure to manage delivery of the Company's
current and future strategic agreements in the aviation security
sector

* Create a focused marketing function within the Company to specifically
address:

o Development of sales for security equipment into non-aviation
security markets
o Establish key industrial reference sites for DEX, VIXion and
AXIS-3D(R) products

* Accelerate on-going enhancements to the Company's IP portfolio

For a wider perspective see current BB thread:



More later...


G.

[smoketrader] 01/10/2003 22:55

Under RIDDOR an incident is still reportable if an employee is prevented from doing their normal work for 3 days. So giving administrative duties to a crane operator is not a (legal) way to avoid reporting an over-three-day injury, if that's what you're saying.