Key points
- DHS executes optional $6.0M contract extension
- Funds two additional self-screening checkpoints and testing
- Brings Micro-X closer to airport testing with passengers
Full summary
Micro-X Ltd, an Australian hi-tech company specializing in cold cathode X-ray technology, has announced that its 100% owned subsidiary Micro-X, Inc. has executed a $6.0M (US$3.8M) contract extension with the U.S. Department of Homeland Security (DHS). This 2025 Contract Extension is the first of two optional extensions under the initial $14.1M contract with DHS for the self-screening checkpoint project. The funding will enable Micro-X to create two additional self-screening checkpoints and conduct testing on the three checkpoint units over the next 16 months. If the second $7.5M (US$4.7M) extension is executed, it will further extend the development to a full six-station lane and airport testing with travelling passengers. Micro-X's CEO Americas and Chief Scientist, Brian Gonzales, stated that the work to develop the next-generation airport security checkpoints continues on track, and this funding commitment will bring the company one step closer to airport testing with passengers.
Guidance
Micro-X has secured a $6.0M (US$3.8M) contract extension from the U.S. Department of Homeland Security to continue the development of its next-generation airport security checkpoints over the next 16 months.
Outlook
If the second $7.5M (US$4.7M) extension is executed by the DHS, it will extend the development to a full six-station lane and airport testing with travelling passengers, bringing Micro-X closer to the commercialization of its innovative security checkpoint technology.