First Argus commercial order

Key Points

• First Argus commercial order for use in national security applications
• Additional Argus demonstrations ongoing with a range of police and defence agencies
• Checkpoints project – received additional US Department of Homeland Security contract extension (now A$0.92m) for AI development and integration

Micro-X has received its first commercial purchase order for an Argus X-ray camera unit from a defence and security entity in the Middle East. Payment of the Argus will be made up front, with delivery of the unit within the customary delivery cycle. Delivery will follow the final safety compliance certification for the Argus which is close to completion.

The receipt of the commercial order follows the Micro-X specialist Argus sales team presenting at a major regional security expo as part of Team Defence Australia, facilitated by the Australian Government’s Australian Defence Export Office.

DHS contract extension received

Micro-X is also pleased to advise that it has been awarded the full US$0.6m (A$0.92m) contract extension by the US Department of Homeland Security (DHS) for development of AI software to automate threat detection in the Baggage CT Scanner. This extends the original contract extension of up to US$0.32m (A$0.49m) over 10 months announced in the Company’s December Quarterly Activities Report. The full contract extension now also includes the optional US$0.28m (A$0.43m) extension of data collection and software refinement into explosives detection.

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Micro-X Chief Executive Officer Kingsley Hall commented:

“It is fitting that our first Argus sale is to a recognised security organisation that embraces disruptive and innovative technologies. Using our NEX Technology, Argus is designed to enable defence, security and law enforcement to detect IEDs and other threats, as well as searching for concealed contraband. Our team continues to progress other customer demonstrations and procurement processes.”