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Kromek awarded huge osteoporosis scanner contract

The contract is worth US$12.6mln (£8.7mln), or more than last year’s total sales, spread over five years.
Kromek awarded huge osteoporosis scanner contract
Scanners will allow clinicians to accurately detect and monitor progression of osteoporosis.

Image technology group Kromek (LON:KMK) has been awarded a huge contract from an existing customer to provide bone density scanning detectors to detect osteoporosis.

The contract is worth US$12.6mln (£8.7mln), or more than last year’s total sales, spread over five years.

The detectors, part of a new generation of bone density scanners, will start to be delivered in first half of the financial year to April 2017.

Kromek said the detector modules will produce some of the most accurate imaging to diagnose the strength and health of bones and allow clinicians to accurately detect and monitor progression of osteoporosis. 

Arnab Basu, Kromek’s chief executive, added it was a significant contract that further validated its BMD [bone] diagnostic systems and continued the trend for conversion of pipeline into orders in the medical scanning market. 

Speaking to Proactive, Basu confirmed the contract was an expansion of a relationship with a large exisiting client and was only a taste of things to come.

Shares were up 4.8% to 33p.

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