IMAGE SCAN HOLDINGS PLC

Business and Financial Review • Jul 21, 2014

National Storage Mechanism | Additional information

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RNS Number : 7859M

Image Scan Holdings PLC

21 July 2014

21 July 2014

IMAGE SCAN HOLDINGS PLC

("Image Scan" or the "Company")

(AIM: IGE)

Exclusive Supply Agreement Signed with Leading Global Provider of X-ray Inspection Solutions

Image Scan, the AIM-listed specialist supplier of x-ray screening systems to the security and industrial inspection markets, is pleased to announce that it has signed an exclusive supply agreement with a leading global provider of x-ray inspection solutions based in the US. Under the terms of the Agreement, Image Scan will be supplied with a specially designed, portable x-ray generator, which is a significant component in the Company's FlatScan product range which is offered to bomb disposal and counter-terrorism customers throughout the world. The Agreement 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.

Commenting on the Agreement, Bill Mawer, Chairman and CEO of Image Scan said: "This agreement is a significant step in the planned modernisation and expansion of our portable x-ray offering. We are excited to be working with such a well-respected manufacturer in the x-ray field. The new generator has been designed using their considerable x-ray expertise and Image Scan's knowledge of the portable x-ray market. It incorporates significant improvements in performance and reliability over the unit it replaces.

"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."

-ENDS-

For further information, please contact:

Image Scan Holdings plc                                                               Tel: +44 (0) 1509 817 400

Bill Mawer, Chairman and Chief Executive Officer

ir@ish.co.uk

Cantor Fitzgerald Europe                                                             Tel:+44 (0) 207 894 7000

Rick Thompson / Mark Percy

David Banks / Paul Jewell

Yellow Jersey PR                                                                             Tel: +44 (0) 7747 788 221

Anna Legge / Dominic Barretto

About Image Scan Holdings plc

Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time x-ray solutions for use in the global Security and Industrial inspection markets.  The Company's Security portfolio includes the Axis range of baggage inspection systems; the FlatScan range of portable bomb and suspect package detection systems; and SVXi, a small vehicle inspection system.  The Industrial inspection solutions include the MDXi product range, cabinet x-ray systems for laboratories and production lines. The Company is now broadening its scope to look at other key applications where its technology can be adopted, such as in the Medical devices industry.  The Company was founded in 1996 and joined AIM in 2002.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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