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.
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For further
information, please contact:
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Thruvision Group
plc
Tom Black, Executive Chairman
Victoria Balchin, Chief Executive Officer
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+44 (0)1235 425400
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Investec Investment
Banking (NOMAD & Broker)
Patrick Robb / James Rudd / Sebastian Lawrence
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+44 (0)20 7597
5970
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About
Thruvision (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.
