REG - Thruvision Group PLC - Recent Share Price Movement

ThruvisionAnnouncement

13/03/2025 07:15

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RNS Number : 5315A  Thruvision Group PLC  13 March 2025

13 March 2025

Thruvision Group plc

Recent Share Price Movement

 

The Board of Thruvision Group plc (AIM: THRU, "Thruvision" or the "Group"),
the leading international provider of walk-through security technology, notes
the recent share price movement and confirms that it is not aware of any
reason for the movement.

Current Trading

The Group has recently received several orders from customers in the US,
Indonesia and Europe and further orders are anticipated before the end of the
financial year. Accordingly, the Board continues to expect that revenue for
the financial year ending 31 March 2025 will be in the range of £5 to £6
million.

A further update on trading will be provided in early April.

Strategic Review

The Strategic Review continues and discussions are ongoing with relevant
parties. It is hoped that one or more offers to either acquire the Group or to
provide additional cash resources will be forthcoming although there can be no
certainty that such offers will materialise.

 
 For further information, please contact:
 Thruvision Group plc                              +44 (0)1235 425400

 Tom Black, Executive Chairman

 Victoria Balchin, Chief Executive Officer
 Investec Investment Banking (NOMAD & Broker)      +44 (0)20 7597 5970

 Patrick Robb / James Rudd / Sebastian Lawrence

 

About Thruvision (www.thruvision.com (http://www.thruvision.com/) )

Thruvision is the leading developer, manufacturer and supplier of advanced
AI-based walk- through security technology internationally. Its technology is
deployed in more than 30 countries around the world by government and
commercial organisations in a wide range of security situations, where large
numbers of people need to be screened quickly, safely and efficiently.
Thruvision's patented technology is uniquely capable of detecting concealed
objects in real time using advanced AI-based detection algorithms.

The Group's offices are near Oxford and Washington DC.

 
Important information

This announcement may include statements that are, or may be deemed to be,
'forward-looking statements' (including words such as 'believe', 'expect',
'estimate', 'intend', 'anticipate' and words of similar meaning). By their
nature, forward-looking statements involve risk and uncertainty since they
relate to future events and circumstances, and actual results may, and often
do, differ materially from any forward-looking statements. Any forward-looking
statements in this announcement reflect management's view with respect to
future events as at the date of this announcement. Save as required by
applicable law, the Company undertakes no obligation to publicly revise any
forward-looking statements in this announcement, whether following any change
in its expectations or to reflect events or circumstances after the date of
this announcement.

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