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Kromek wins US$1.15mln of repeat orders

October was a good month for orders for Kromek, and November has started off well
The scanners can detect the early onset of osteoporosis

Kromek Group PLC (LON:KMK) is celebrating repeat orders worth around US$1.15mln for its detector modules from three of its original equipment manufacturer (OEM) customers.

The radiation detection technology company said the orders are from global producers and exporters of bone mineral diagnostic [BMD] systems that incorporate Kromek’s cadmium zinc telluride-based detector modules.

The contracts are expected to be delivered over the next 24 months, with the bulk of the orders expected to be shipped within the next 12 months.

Kromek's detector modules will be incorporated into the OEMs' systems to produce some of the most accurate imaging to diagnose the strength and health of bones, Kromek said.

The CZT-based diagnostic systems will allow clinicians to accurately detect and monitor progression of osteoporosis in patients resulting in more effective treatment.

"It is very pleasing to secure double the orders we received from these long-standing customers last year,” said Dr Arnab Basu, the chief executive officer of Kromek.

“It strengthens our relationship with them and further validates our belief that more and more legacy detection systems are being replaced with BMD diagnostic systems with our CZT detectors. The agreements represent the continued healthy conversion of our pipeline into orders as we continue to win new contracts in the medical sector," he added.


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Kromek Group PLC Timeline

February 10 2017

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The move will allow the company to fully benefit from a step change in the market for detectors, which is adopting CZT technology pioneered by Kromek.

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