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Micro-X Limited (ASX:MX1)

ALERT: Price-sensitive ASX Announcement for MX1
Current share price for MX1 : $0.032 -0.011 (-25.58%)+
Announcement
Release
19 May 2026 9:15AM
Price at Release
$0.043
Full Release
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Summary
Micro-X Limited, an Australian hi-tech company specializing in cold cathode X-ray technology, announced a $1.3 million contract extension from the U.S. Department of Homeland Security (DHS). This extension will advance the Passenger Self-Screening Checkpoint program until 30 September 2026, focusing on enhancing detection algorithms through continued testing and development. The extension demonstrates a strong collaboration with DHS and aims to bring the checkpoint system closer to real-world airport testing. Currently, one checkpoint and two baggage CT scanners are under laboratory testing, with additional units being manufactured. The overall project value remains at $31.7 million following this extension.
Key Points
  • $1.3M DHS contract extension for Micro-X Ltd
  • Extension supports self-screening detection algorithms
  • Program extended through 30 September 2026
  • Micro-X to continue testing and algorithm development
  • Strong relationship between Micro-X and DHS
  • Development brings checkpoint closer to airport testing
  • Current testing involves one checkpoint and two CT scanners
  • Project value up to $31.7M with no change after extension
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.