Image Scan announced it has won an initial order of approximately £300,000 from a partner to supply them with ThreatScan®-AS1 portable X-ray systems pursuant to a framework contract the partner has secured with a European Ministry of Defence (MOD) organisation.Further orders are expected over the period of the partner's two-year framework contract albeit the volume and timing of subsequent orders is as yet not certain. The ThreatScan®-AS1 is part of Image Scan's expanding range of portable X-ray systems designed to equip military and counter-terrorism units for safe and rapid investigation of suspicious devices. The initial order of ThreatScan®-AS1 portable X-ray system's valued at approximately £300k and is scheduled for delivery in H2 FY24.

Further orders are expected over the period of the partner's two-year framework contract albeit the volume and timing of subsequent orders is as yet not certain. This order represents a major milestone for Image Scan, marking the first large-scale order for the recently released ThreatScan®-AS1 for use by a European military organisation. It validates the Company's product development strategy to develop and deliver higher-performance solutions in the portable x-ray market.

The framework contract is not expected to impact Image Scan's working capital requirements. The initial order is supportive of the Company's expectations for the year ended 30 September 2024.