REG - Thruvision Group PLC - Sales Progress Update

ThruvisionAnnouncement

26/01/2024 07:00

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RNS Number : 9805A  Thruvision Group PLC  26 January 2024

26 January 2024

Thruvision Group plc

 

Sales Progress Update

 

Thruvision (AIM: THRU, "Thruvision" or the "Group"), the leading provider of
walk-through security technology, has continued to see good order flow in the
period since the announcement of Thruvision's Interim Results on 20 November
2023. This demand is across its various geographic markets and from a mixture
of new and existing customers.

 

In Retail Distribution, interest in the Group's flagship "WalkTHRU" security
technology, which enables very high numbers of people per hour to be screened
for all types of concealed item, continues to grow. WalkTHRU has recently been
selected by an important new customer, a global sports apparel brand, as the
core component of its security upgrade programme in its US distribution
centres. In addition to screening employees for items being stolen as they
leave at the end of a shift, Thruvision will also be used check employees for
weapons as they enter. In addition, further WalkTHRU lane orders have also
been received recently from two existing FTSE 100 UK retailer customers.

 

In Entrance Security, further units have recently been ordered by a European
prison service and a Gulf state, both of which are existing customers. In our
Customs market, an existing Asian agency customer has also ordered further
systems from the Group.

 

These orders total £1.3 million, all of which is expected to be delivered in
the second half of the Group's financial year.

 

Colin Evans, Chief Executive, commented:

 

"We continue to make good progress in rolling out our technology to the retail
distribution and entrance security markets. In particular, the recent order
from a global sports apparel brand for use in its US operations is another
major step forward in Retail Distribution, our largest potential market.

 

"These recent wins, together with our current sales pipeline, underpins our
confidence in meeting our full-year revenue expectations."

 

For further information please contact:

 

Thruvision Group plc
 
             +44 (0)1235 425400

Colin Evans, Chief Executive

Victoria Balchin, Chief Financial Officer

 

Investec Investment Banking (NOMAD & Broker)
                                +44 (0)20 7597 5970

Patrick Robb / James Rudd

 

Meare
Consulting
                                +44 (0) 7990
858548

Adrian Duffield

 

About Thruvision (www.thruvision.com)

 

Thruvision is the leading developer, manufacturer and supplier of walk-through
security technology. Its technology is deployed in more than 20 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 an advanced AI-based
detection algorithm. The Group's offices are near Oxford and Washington DC.

 

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