Licensing Agreement

Image Scan Holdings PLC 17 May 2005 For immediate release: 1015hrs 17th May 2005 IMAGE SCAN HOLDINGS PLC SIGNS US LICENSING AGREEMENT WITH GALAXY SCIENTIFIC CORPORATION Image Scan Holdings plc (AIM: IGE), a provider of leading real-time multi-view, 3D X-ray imaging solutions for the industrial and security inspection markets, today confirmed that it has signed a licensing agreement with Galaxy Scientific Corporation - a leading provider of security and technology solutions to the US aviation industry and US Government departments. Under the terms of the agreement, Image Scan Holdings has granted Galaxy Scientific the rights to reproduce, distribute or sub-license its MimiX software in conjunction with Galaxy's market leading training software package used by US organisations for training operators of X-ray security screening equipment - Galaxy's TRX Machine Simulation Software Package. Nicholas Fox, Chief Executive of Image Scan Holdings plc, commented: 'The Galaxy Scientific agreement forms part of our ongoing strategy of partnering with complementary organisations to open up specific opportunities within the global X-ray security market so that our X-ray technology and advanced solutions become standardised within key sectors.' Image Scan's MimiX software is a unique package that mimics the visual appearance of X-ray images, as well as the associated image processing functions, generated by the main X-ray security screening systems currently on the market. This allows an organisation to train its staff cost efficiently across a broad range of X-ray security equipment interfaces without having to acquire the underlying machines and/or simulators or acquire reference images for each of the security machines on the market. James Yoh, CEO and President of Galaxy Scientific Corporation, adds: 'By combining the two companies' technologies, we can dramatically reduce the training costs and training time for organisations operating X-ray based detection systems. We are confident our solution will become a 'must-have' programme for US government departments and the US aviation industry.' With offices across the US and Canada, Galaxy Scientific Corporation employs over 400 technically skilled staff. About Image Scan Holdings plc Image Scan Holdings plc (AIM: IGE) is focused on the development and commercialisation of market leading real-time 3D and 2D x-ray solutions for use in the global industrial and security inspection markets. The company's industrial inspection solutions include the R&D MDXI unit and the in-line DEX camera. The company's security inspection solutions feature the unique 3D baggage inspection system, AXIS-3D(R), marketed by Rapiscan in their 3DSP and 3DLP product lines, and the new PanDEX portable inspection unit for bomb disposal and ordnance detection applications. 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. About Galaxy Scientific Corporation Galaxy Scientific Corporation provides superior, technology-driven products and services to a broad range of customers in both government and private industry. Galaxy's extensive experience is focused on 8 strategic business areas: C4I Tactical Systems, Information Assurance, Information Technology, Training Systems, Engineering Support, Safety Technologies, and Security Technologies. Please visit www.galaxyscientific.com for further information. - ends - Further Information Nicholas Fox (Chief Executive Image Scan Holdings) 01664 503 600 Toby Hall / Jade Mamarbachi (gth media) 020 7153 8039 / 8035 This information is provided by RNS The company news service from the London Stock Exchange
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