REACH - This is a non-regulatory announcement.
3 March 2022
IMAGE SCAN HOLDINGS PLC
("Image Scan" or the "Company")
NEW INDUSTRIAL CUSTOMER
Image Scan (AIM: IGE), specialists in the field of X-ray imaging for the security and industrial inspection markets, announces the award of a contract to supply an industrial scanning system to a new customer.
Image Scan's MDXi precision X-Ray systems are used to inspect automotive catalytic converters and diesel particulate filters in the manufacturing process. It has over fifty units in service around the world and generates valuable service revenue from this installed base.
The new customer is a significant player in this market, with a global manufacturing footprint. There is potential, over the next few years, for further orders, should the widescale deployment seen with Image Scan's other customers be adopted by this new one.
The unit will be built alongside an identical system recently ordered by a long-established customer.
Bill Mawer, Executive Chairman of Image Scan commented: "I am delighted that we have added a new customer for this important product range. As the global use of petrol and diesel engines flattens out, increasing our penetration of the market that remains will allow us to maintain the valuable contribution of our industrial sales and service business. To bring a new customer on under pandemic travel restrictions, without the benefit of face-to-face presentations or demonstrations, is a great achievement."
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 William Mawer, Executive Chairman Sarah Atwell King, Finance Director and Company Secretary | Tel: +44 (0) 1509 817 400 |
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.