Thursday, April 22, 2021

Kromek wins contracts worth $750k

Kromek, a listed supplier of detection technology, has won two new orders worth $750,000 (£536,000) in the medical imaging and nuclear security markets.

The first order, from an existing OEM customer, is worth $600,000 and is for the supply of detectors to be used in niche SPECT applications.

The Group is commencing delivery immediately and this will complete by the end of this calendar year.

The second order is a repeat order from an existing US-based customer, worth $150,000, for the supply of specialised CZT detectors for a nuclear security application.

This order is expected to be delivered during the current financial year.

These latest orders reflect the beginning of the return to normal business activities as our customers increasingly resume commercial activity,” said Dr Arnab Basu, CEO of Kromek, which has its R&D base in Huddersfield.

“These repeat orders, in our core commercial markets of medical imaging and nuclear security, reflect the value of our technology to our customers in these areas.

“In addition, with $375,000 due to be delivered this financial year, they provide us with greater visibility over our full year forecasts.”

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