New Orders

Company Image Scan Holdings PLC TIDM IGE Headline New Orders Released 26 May 2006 Reference Scanlogik Agreement Image Scan Holdings Limited wins £500,000 New Order Agreement Image Scan Holdings Limited (ISH) is pleased to announce that it has reached a formal agreement to supply software and key hardware to Scanlogik Limited ("Scanlogik") for their new generation of x-ray baggage systems, which Scanlogik launched in April this year. The agreement, which is essentially a software licence agreement, provides a framework order worth a minimum of £500,000 over the next 18 months, with prospects for this figure to grow substantially within that period and in subsequent years. Exploiting the Company's acknowledged excellence in x-ray imaging, Scanlogik plans initially to incorporate ISH technology into its new Vertigo range of conventional baggage systems and, in the short to medium term, into a range of new products addressing the growing needs of the security sector. The worldwide need for advance x-ray baggage scanning systems has grown rapidly since 9/11 and both ISH's 2D and 3D x-ray scanning technologies provide a unique edge in this marketplace. Mike Loughlin, MD Scanlogik Limited says: "With our new Vertigo system we wanted to reduce our time to market and offer our customers the best technology available - Image Scan offered us the unique opportunity of achieving both of these goals through a single British company. Following the Vertigo system's launch in April, significant orders have already been received and extremely strong growth prospects exist for this and our scheduled release of new products. Scanlogik is looking to become one of the top suppliers of security equipment and sees Image Scan technology as one of the key elements in that strategy." Nick Fox, CEO of ISH says "Scanlogik is an exciting new company in the security world. With substantial financial support, innovative marketing concepts and state of the art technology, we are delighted to have secured this agreement with them in light of the alternatives that are available. We recognise the huge opportunity that this agreement opens for us and look forward to future announcements relating to new products within the Scanlogik range. This order is typical of the way both our security and industrial market customer base is broadening and growing. We continue to develop considerable sales momentum" For further information, please contact: Image Scan Holdings plc Tel: +44 (0) 1664 503 600 Nicholas Fox, CEO info@ish.co.uk The Palmer & Rose Partnership Tel: +44 (0) 1494 637 499 Gerry Palmer gerry@palmer-rose.co.uk KBC Peel Hunt Tel: +44 (0) 121 698 8505 Nick Maslen nick.maslen@kbcpeelhunt.com 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 MDXi unit and the X-line systems. The security portfolio includes a unique 3D baggage inspection system for corporate and airport security and TPXi, a portable bomb and suspect package detection system. 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. END
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