08:00 Thu 17 Aug 2017
Kromek Group PLC - Award of Five-Year Contract from BMD Customer
17th
("Kromek" or the "Company")
Kromek Awarded Five-Year Contract from Existing BMD Customer
New long-term order from existing BMD customer for use of Kromek's CZT-based detector module in new medical diagnostics product
Kromek (AIM: KMK), a radiation detection technology company focusing on the medical, security and nuclear markets, is pleased to announce that it has been awarded a new five-year contract by an existing customer in the bone mineral densitometry ("BMD") sector for the incorporation of its cadmium zinc telluride ("CZT")-based detector modules in a new product. Delivery on the contract, which is worth a minimum value of
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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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