Image Scan Holdings - Trading Update
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.
· Trading in the year to date has been robust
· Order intake in line with management expectations
· First X-ray images taken with prototype of new Axis X-ray system
· New initiative to develop sales in
The strong order intake at the end of FY 2019 left the Company with a healthy orderbook of
The portable X-ray product range has been further strengthened with the release of new image processing features and a major wireless communication upgrade. The product development strategy includes a renewed and extended "Axis" range of X-ray screening systems, combining in-house developments with external technology partnerships. The prototype of a new security X-ray system developed under this plan has produced its first images and will be launched in the second half of FY 2020. Additionally, a
The Company plans to increase its sales efforts in
"Our organic growth strategy is focussed on expansion of both our product range and our market reach, so it is pleasing to be able to report on progress in both these areas. I am particularly delighted to welcome our new sales consultant, as he comes with considerable experience and expertise, and gives us, for the first time, a footprint in the
As I said in the annual report, the portable X-ray market is competitive, but our offer is a strong one and we are working hard to differentiate our product range and expand into adjacent sectors.
At its Annual General Meeting, to be held at its Barrow-upon-Soar facility on 25th February at 13:30, the Board will give a brief presentation, a copy of which will be made available on the Company's website www.3dx-ray.com.
This announcement has been approved by
William Mawer, Chairman
Sarah Atwell-King, Company Secretary
Cantor Fitzgerald Europe Tel: +44 (0) 207 894 7000
Rick Thompson / William Goode (Corporate Finance)
The visibility and reach of the Company's 3DX-Ray brand has been further strengthened through a new LinkedIn profile focussed on its EOD and counter-terrorism activities. This can be found at: https://www.linkedin.com/company/3dx-ray/
This information is provided by RNS, the news service of the
Quick facts: Image Scan Holdings PLC
Market Cap: £3.61 m
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