6th Feb 2020 11:26
(Alliance News) - Image Scan Holdings PLC on Thursday said trading to date in 2020 has been robust, as it reported progress on its strategy to expand product range and market reach.
The X-ray screening systems supplier said that it has expanded on its new X-ray product range with the release of new image processing features and a wireless communication upgrade, with the prototype for its new security X-ray system expected to be launch in the second half of 2020.
At the end of 2019, Image Scan said its order book stood at GBP1.7 million, much of which will turn into sales in the first quarter of 2020.
The company also said it has secured new security and order contracts. Additionally, it has signed a UK distribution agreement with Italian X-ray company, Gilardoni SpA.
The new deals come as part of the company's plans to expand its market reach. Image Scan said it intends to increase its sales efforts in North America and has hired an experienced programme manager and senior explosive ordnance disposal technician to support its product development programme.
"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 USA," said Image Scan Chair & Chief Executive Bill Mawer.
Shares in Image Scan - based in Barrow-upon-Soar, Leicestershire - were up 23% at 2.40 pence each on Thursday morning in London.
By Ife Taiwo; [email protected]
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