Thruvision Group PLC Contract award announcement (1995N)

TIDMTHRU

RNS Number : 1995N

Thruvision Group PLC

23 September 2019

RNS

23 September 2019

Thruvision Group plc

("Thruvision" or the "Company")

Contract award announcement

Thruvision (AIM: THRU) the specialist provider of people-screening technology to the international security market, is pleased to announce a strategically important contract award by the US Government's Customs and Border Protection (CBP) totalling $3.0 million, of which $2.9 million will be delivered in FY20.

This latest award is in addition to winning a contract, valued at GBP0.4 million to supply a new Asian customs agency customer earlier in September.

Commenting on the award, Colin Evans, Chief Executive, said "We are delighted to add CBP as our eighth national customs agency customer. This award reinforces Thruvision's international standing as a first choice provider of safe and respectful people security screening technology as we continue to broaden our strategically important US Government customer base."

Interest in Thruvision's Customs contraband detection solution - which screens travellers for drugs, cash and other prohibited items at international border control points - continues to grow. During 2019 the Group has already delivered units to a broad range of national government agency customers, including UK Border Force, the Czech Republic, and a repeat order from Vietnam. Momentum has continued, and as previously announced, the Group received a first order from the US State Department's Bureau of International Narcotics and Law Enforcement Affairs, and a repeat order from Hong Kong Customs early during this financial year.

For further information please contact:

Thruvision Group plc [phone]

Tom Black, Executive Chairman

Colin Evans, Chief Executive

Investec Bank plc [phone]

Andrew Pinder / Sebastian Lawrence / Patrick Robb

FTI Consulting LLP [phone]

Matt Dixon / Shamma Kelly

About Thruvision

Thruvision is the leading provider of next-generation people-screening technology. Using patented passive terahertz technology, Thruvision is uniquely capable of detecting metallic and non-metallic threats including weapons, explosives and contraband items that are hidden under clothing, at distances up to 10m.

Addressing the growing need for fast, safe and effective security, Thruvision has been vetted and approved by the US Transportation Security Administration for surface transportation. More than 250 units have now been deployed in 21 countries worldwide over the last five years for applications including mass transit and aviation security, facilities and public area protection, customs and border control and supply chain loss prevention. Thruvision has offices near Oxford and in Washington DC.

www.thruvision.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

CNTMMGZLVZZGLZM

(END) Dow Jones Newswires

September 23, 2019 02:00 ET (06:00 GMT)