Image Scan Holdings PLC Partnership Agreement (7356S)

TIDMIGE

RNS Number : 7356S

Image Scan Holdings PLC

13 July 2020

13/07/2020

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

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

CONVEYOR X-RAY AGREEMENT

Image Scan, (AIM: IGE) specialists in the field of X-ray imaging for the security and industrial inspection markets, announces signature of a partnership agreement with a major security technology company that will lead to the launch of a new range of security X-ray screening systems for the international market.

The first system to be produced under the new agreement will replace the former "Axis 2D" machine in the Company's product range. The new system will be a high performance, competitive conveyor X-ray machine with a 60x40cm tunnel size, suitable for security checkpoints in Government and commercial buildings around the world. The product range will eventually include a range of X-ray formats. Other technologies, such as archway metal detectors, will also be sourced through the new agreement.

The new system will be taken to market both directly and through Image Scan's expanding network of international partners.

Bill Mawer, Chairman and Chief Executive Officer of Image Scan commented: "Our organic growth strategy includes both in-house technology development and international partnerships, and so I am delighted to announce this new programme, which will eventually lead to a significant expansion of our security product range. Importantly, these systems will also allow us to increase our recurring service and support revenue."

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 
 
 Enquiries: 
 Image Scan Holdings plc                                Tel: [phone] 
  William Mawer, Chairman and Chief Executive Officer    400 
  Sarah Atwell King, Finance Director and Company        [e-mail] 
  Secretary 
                                                       ---------------------- 
 W H Ireland                                            Tel: [phone] 
  Mike Coe/Chris Savidge (Corporate Finance)             3470 
                                                       ---------------------- 
 

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July 13, 2020 02:00 ET (06:00 GMT)