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Micro-X Ltd (ASX: MX1) has announced that its U.S. subsidiary, Micro-X Inc, has been awarded an optional contract extension worth up to AU$2.5 million (US$1.7 million) by the U.S. Department of Homeland Security (DHS). The funding, with AU$0.4 million committed immediately, will accelerate the development of passenger self-screening checkpoint detection algorithms—an essential component in next-generation airport security.
This extension lifts the total potential contract value with DHS to AU$31.7 million (US$20.9 million), with contracted payments of up to AU$18.3 million scheduled from FY2026 onwards. CEO Kingsley Hall highlighted the importance of advancing detection software to enhance passenger experience while enabling the Transportation Security Administration (TSA) to stay ahead of emerging threats. The company is currently testing one checkpoint system and two baggage scanners in TSA laboratories, with additional units set for live airport trials. This funding marks another step forward in delivering a cutting-edge airport security solution.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.