21st Jul 2014 08:06
LONDON (Alliance News) - Image Scan Holdings PLC said Monday that it has signed a supply agreement with an unnamed x-ray inspection services provider based in the US.
Under the terms of the agreement the AIM-listed company, which supplies x-ray screening systems to the security and industrial inspection markets, will be supplied with a specially designed, portable x-ray generator, which is a significant component in Image Scan's FlatScan product range.
The deal provides Image Scan with exclusive rights to market the product in the security sector.
The new generator has been designed and manufactured to the specific requirements of the portable market where Image Scan has established a strong market presence. The engineering teams from both companies have worked in close collaboration to create a more robust, smaller and lighter product, with a better form factor.
"We anticipate that the improved generator will allow us to access new markets, including those in North America, which are key for our future growth. We plan further product launches in this area including new x-ray detector panels and enhanced software," said Chairman and CEO of Image Scan Bill Mawer.
The FlatScan range is offered to bomb disposal and counter-terrorism customers throughout the world.
No financial terms of the deal were disclosed.
Shares in Image Scan were untraded at 2.625 pence per share Monday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
Image Scan Holdings