Image Scan Holdings PLC (AIM:IGE) jumped over 14% on Wednesday after unveiling a £3 million deal with defence contractor NP Aerospace for its portable X-ray systems.
This will see Image Scan supply NP with ThreatScan systems, which are designed for use in defence and security situations for scanning bags and packages.
Image Scan dubbed the contract a “significant milestone” which is set to run for a 36-month period and feed through to revenues in 2025 and 2026.
“The agreement reflects the strength of our relationship and mutual commitment to delivering high-performance solutions,” chief executive Vince Deery said.
“As we now move forward together into the testing and trials phase, we are confident that this partnership will further enhance our ability to meet the evolving challenges of the defence and security industry.”
Shares climbed 14.5% to 3.55p.