07:00 Tue 07 Mar 2017
Kromek Group PLC - Award of New Contract for Radiation Detectors
("Kromek" or the "Company")
Kromek Awarded New Contract for Radiation Detectors
New contract with existing client for security screening
Kromek (AIM: KMK), a radiation detection technology company focusing on the medical, security screening and nuclear markets, is pleased to announce that it has been awarded a contract, valued at
Under the terms of this 12-month contract, Kromek will develop and provide the first annual supply of the upgraded detectors. Furthermore, the contract guarantees that Kromek will continue to be the exclusive supplier for these upgraded detectors for the next 10 years. The upgraded cadmium zinc telluride ("CZT") detectors are critical to the customer's security screening application.
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About
The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.
The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").
The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.
Currently, the Group has over one hundred full time employees across its global operations. Further information on
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