Thruvision secures £1m+ contract with Asian government client

(Sharecast News) - Thruvision Group announced on Wednesday that it has secured a material contract worth over £1m from a new government customer in Asia, providing 20 of its highest-specification walk-through security systems. The AIM-traded firm said the contract, secured in partnership with a regional distributor, followed the successful deployment of multiple 'WalkTHRU' screening lanes at a major cultural event in the region and highlighted growing demand for its technology in high-profile government settings.

It said the deal was one of the 'material opportunities' referenced in previous announcements, adding that delivery was scheduled in the coming weeks.

Order intake for the first quarter of the 2026 financial year, which ended on 30 June, reached £2.3m, up 145% year-on-year.

Thruvision said that performance was in line with board expectations and reflected strong momentum, particularly in Asia.

The company also noted solid demand in the US, where it secured further repeat orders from retail distribution customers, as well as its first contract with a UK prison, building on existing success with a European prison service.

Thruvision reported an improved cash outlook, saying its resources were now expected to last until the end of 2025.

That, the board said, was an extension from its previous estimate of September, though the company cautioned that it remained dependent on continued conversion of its sales pipeline in line with expectations.

At 1025 BST, shares in Thruvision were up 107.78% at 1.87p.

Reporting by Josh White for Sharecast.com.