Image Scan Holdings PLC shares jumped on Tuesday as it won a new contract from an unnamed Southeast Asian customer, approaching £500,000 in value.
The Leicestershire, England-based provider of X-ray screening systems said the contract is for the supply of ThreatScan portable X-ray systems, and is a repeat order from a ‘long-standing regional customer’.
In response, shares in Image Scan jumped 15% to 1.67 pence on Tuesday afternoon in London.
The firm said the new order will be added to its ‘robust’ forward order book which stood at £4.7 million at the end of September.
‘Securing this repeat contract, approaching £500,000 from a key Southeast Asian customer is a tremendous start to our new financial year. This win is a strong vote of confidence in our portable X-ray technology and underscores the quality of the long-term relationships we build with our international customers,’ said Chief Executive Officer Vincent Deery.
‘Following the operational recovery and profitable second half achieved in the last financial year, as announced last week, our immediate focus is on accelerating the conversion of our substantial order book. This new contract further strengthens our revenue visibility for [financial 2026] and confirms the sustained market demand for Image Scan’s high-performance security and defence solutions globally.’
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