Image Scan (LON:IGE) shares advanced as the x-ray products company told investors that it was optimistic over its first half performance.
It brought in over £1mln worth of new orders, on top of the £600,000 of orders carried forward from the previous year. Also it highlighted it has received multi-unit orders for its newly released portable x-ray system from two Asian customers.
The orders for the security division were described as significant, with new orders coming for the new ‘ultra-thin’ ThreatScan LS1 panel and the FlatScan-15 panel.
Image Scan told investors that its focus is on winning the larger orders which it sees as key to the company’s long term and sustainable development.
"It has been gratifying to see the return of multi-unit orders for our portable X-ray systems while 'in the field' reports from customers using the new technology have been very positive,” said chief executive Bill Mawer.
“The continued strength of the order book for our industrial x-ray systems confirms our strength in this particular niche market.
“I am at this point optimistic for our first half performance and look for continued strong order intake to support the second half."
On AIM, Image Scan shares gained 0.38p, 18.75%, to trade at 2.38p each.