Terror attacks lead to increase in security spending

Feb. 9, 2009

A security scanning firm has won orders worth GBP200,000 from Asia and the Middle East, including one from an Indian government keen to bolster security in the wake of the Mumbai terror attacks.

Image Scan, of Melton, is to supply a large baggage scanner, as well as a portable version of the device, to the Indian authorities for use at New Delhi's main railway station.

Another 10 portable scanners have been ordered by organisations in Thailand and Egypt.

Chief executive Louise George said the Indian orders had come on the back of November's atrocities, when gunmen killed 164 people in Mumbai.

"It has helped crystallise the opportunities and it helped secure this one," she said.

"I think the Indian government are going to use New Delhi's railway station as a showcase of the top security technology." Image Scan specialises in supplying three-dimensional X-ray imaging systems which allow packages to be scanned for suspect devices and weapons. The new orders involve its Axis-3D X-ray system and its portable FlatScan-TPXi.

The contract wins add to the GBP630,000 of orders from China for its Axis-3D system, which it announced it had won in December.

Ms George said the company was now looking to build on its success in India and China, the world's fastest-growing economies.

"We are working hard to see how we can do more out there," she said.

The company also supplies its scanning technology to businesses wanting to check the quality of their products while they are being manufactured. In November it won a major order from pharmaceutical firm Johnson Matthey.

The group, which employs 14 people, was developed at Nottingham University and spun out into a business in 1996. The company moved to Pera Innovation Park, Melton, in 2002 soon after floating on the Alternative Investment Market.

Image Scan reduced pre-tax losses to GBP377,269 in the year to September 30, from a loss of GBP824,226 the previous year. Its revenue rose to GBP2 million from GBP1.54 million.

In September, the company announced it had appointed Grant Thornton to look at future options for the business, including a tie-up with a second business. Ms George said the review had been completed and the company had decided not to take any further action.