Image Scan, who make real-time 3D and 2D x-ray imaging products for the security and industrial inspection markets, has provided a trading update, for the half year to 31 March 2014.
In the current financial year, the Company has £2.1m of cumulative orders, having started the year with an order book of £1.2m and booked a further £0.9million of new orders in the first 6 months. Of this £1.6m will be reported as revenue in the interim results. Over the last year, there has been an increase in the take-up of multiple unit contracts for the smaller portable FlatScan security system, including a contract received for 13 units, received in January. The company continues to sell its MDXi range of industrial x-ray systems into the market for the inspection of catalytic converters with a contract secured in March for July delivery.
Image Scan’s Chairman, Brian Emslie, said: “The Board has long recognised that increasing the product range is the key to unlocking the potential of the Company. As the onerous nuclear contract draws to a close, the Company’s development team will be refocused onto the expansion of our core standard products, from which a more regular and sustainable flow of orders can be secured.”
That full trading statement is available at: http://www.investegate.co.uk/image-scan-holdings–ige-/rns/trading-statement/201404080700082299E/
