Image Scan wins £350k contract with military customer

12th Jun 2024 08:11

(Sharecast News) - X-ray screening systems supplier Image Scan said on Wednesday that it has secured a contract worth more than £350,000, scheduled for delivery in the second half of FY24.

Image Scan said the contract was for the supply of a "significant quantity" of ThreatScan-LSC Systems to a military customer for use by its Explosive Ordinance Disposal units,

The AIM-listed group noted that the contract was in line with internal expectations for the year ended 30 September.

Chief executive Vince Deery said: "We are delighted with this contract because, as a long-standing repeat customer operating in the harshest conditions, it represents faith in our company, products, and service.

"Also from a business perspective, the contract ensures we maintain our recent successes and remain on track to meet our financial expectations."

As of 0930 BST, Image Scan shares were up 3.23% at 1.60p.

Reporting by Iain Gilbert at Sharecast.com