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Micro-X Ltd. ( (AU:MX1) ) has shared an update.
Micro-X Ltd has secured a $2.5 million contract extension from the U.S. Department of Homeland Security to enhance its Passenger Self-Screening Checkpoint detection algorithms. This extension increases the total value of contracts with DHS to $31.7 million, supporting the advancement of Micro-X’s detection software for airport security. The funding will accelerate software and machine learning developments, aiming to improve threat detection and enhance passenger experience while maintaining security. This development positions Micro-X as a key player in the airport security technology sector, with ongoing testing and deployment of its Checkpoint and baggage scanners in TSA facilities.
The most recent analyst rating on (AU:MX1) stock is a Buy with a A$0.17 price target. To see the full list of analyst forecasts on Micro-X Ltd. stock, see the AU:MX1 Stock Forecast page.
More about Micro-X Ltd.
Micro-X Limited is an Australian hi-tech company listed on the ASX, specializing in the development and commercialization of innovative products for global health and security markets. The company utilizes proprietary cold cathode, carbon nanotube emitter technology to create x-ray products that are smaller, lighter, and more energy-efficient. Micro-X’s product portfolio includes mobile digital radiology products for healthcare, military, and veterinary applications, a next-generation airport security checkpoint system, a miniature brain CT scanner for ambulances, and a full body CT scanner under development.
Average Trading Volume: 379,275
Technical Sentiment Signal: Buy
Current Market Cap: A$52.76M
Find detailed analytics on MX1 stock on TipRanks’ Stock Analysis page.