Image Scan Holdings PLC Trading Statement (1993R)
28 2월 2023 - 4:00PM
UK Regulatory
TIDMIGE
RNS Number : 1993R
Image Scan Holdings PLC
28 February 2023
This announcement contains inside information for the purposes
of Article 7 of the UK version of Regulation (EU) No 596/2014 which
is part of UK law by virtue of the European Union (Withdrawal) Act
2018, as amended ("MAR"). Upon the publication of this announcement
via a Regulatory Information Service, this inside information is
now considered to be in the public domain.
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
Trading Statement
Image Scan, (AIM: IGE) specialists in the field of real-time
X-ray imaging for the security and industrial inspection markets
provides a trading update ahead of its Annual General Meeting being
held later today.
Trading for the year ending 30 September 2023 has begun with a
strong momentum, with demonstrations, attendance and interest at
trade shows, events and conferences beginning to return to
pre-pandemic levels. Image Scan anticipates this trend will
continue, particularly in Asian markets which have been trailing
other territories in economic recovery.
The new ThreatScan(R)-AS1 is experiencing improved enquiry
levels, being widely demonstrated to positive reviews, and is
gaining a foothold in the market. The Image Scan R&D team will
continue expanding this area of the product range, capitalising on
the higher price point of this target market.
Positive partner feedback, coupled with increasing visibility of
government projects coming back on stream in 2023 is providing
greater confidence in the sales pipeline for the year.
Image Scan's industrial business continues to perform in line
with management expectations, reflecting the automotive industry's
transition to electric vehicle (EV) manufacturing. Revenues are
transitioning away from North America and the UK to Eastern
European and Asian territories. A programme to update systems
installed globally to meet new manufacturing and software
specifications is progressing well.
The planned transition to the new board structure for Image Scan
Holdings plc has been executed smoothly. The Board has been further
strengthened by the recent appointment of Sunil Vadgama, bringing
with him decades of valuable industry experience.
Vince Deery, Chief Executive Officer of Image Scan said: "The
increase in our order intake in line with management expectations
is encouraging, demonstrating a significant swing from last year's
performance. International travel, attendance at trade shows and
demonstrations are gathering momentum, generating new opportunities
for Image Scan.
"Our development program, focussing on our higher specification
products is progressing well, and strategic company developments
will become viable opportunities with recent shareholder engagement
activities."
The Image Scan Holdings plc AGM will take place on 28 February
at 13.30 at its Barrow-Upon-Soar HQ, with online attendance also
facilitated. A brief presentation will be given by the Board, which
will be made available on the investor's website immediately after
close of the meeting. For more information, please visit
www.3dx-ray.com/investor-relations/.
Further detail will be provided in Image Scan's interim results
in April 2023.
-ENDS-
Image Scan Holdings plc WH Ireland Limited
Vincent Deery Nominated Advisor and Corporate
Chief executive officer Broker
Sarah Atwell-King , Mike Coe / Sarah Mather (Corporate
Chief financial officer, Company Finance)
Secretary Tel: +44 (0) 207 220 1666
Tel: +44 (0) 1509 817400https://www.3dx-ray.com/investor-relations/
For further information on the Image Scan, please visit:
www.ish.co.uk . For further information on Image Scan products,
please visit: www.3dx-ray.com
About Image Scan Holdings plc
The core activity of the Group is the manufacture of portable
X-ray systems for security and counter terrorism applications. The
Group recently launched a cabinet X-ray machine. The products are
taken to market across the world through a strong network of
international partners.
Over the last fifteen years, Image Scan has developed and
manufactured industrial X-ray inspection systems, the MDXi range.
The primary market for these systems is automotive emissions
control where they are instrumental in quality control inspection
of catalytic converters and diesel particulate filters.
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/
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
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END
TSTBLGDDBUDDGXR
(END) Dow Jones Newswires
February 28, 2023 02:00 ET (07:00 GMT)
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