Micro-X shares jump on US contract notification

Shares in cold cathode X-ray manufacturer Micro-X leapt 27 percent to be 0.07 cents at lunchtime today on the publication on a US government website of the award of a development contract worth $8.2 million.

However the company issued a statement to ASX which said that while it was aware of the it had not received a contract.

Micro-X said: “Micro-X confirms that it is in advanced stages of working with a US Government Agency with respect to a development contract however at this stage it has not received a fully executed contract.”

The notification appeared on the website of the US Tracking Accountability in Government Grants System website.

Micro-X has a long running research underway under contract to the US Department of Homeland Security to use its minaturised CT scanner technology to develop self-screening airport passenger checkpoints.

The company has previously won two DHS contracts worth $8 million.

In July, 2023 @AuManufacturing reported that the company has been funded by DHS up to $21 million over 40 months to fabricate a single airport self screening system, then three stations, and then a full six-station system (pictured).

This will be tested at a Transportation Security Administration laboratory and then ‘in live US airport environments with travelling passengers’.

The Adelaide company as Prime Contractor for an international consortium has manufactured prototype minaturised CT baggage scanners.

Further reading:
Micro-X’s $21 million to manufacture airport X-ray checkpoints

Picture: Department of Homeland Security/six-station security self-screening checkpoint