The firm, which supplies detection software for medical, nuclear and security screening devices, said the order expansion would take the total worth of the five-year contract to US$5.8mln, with the additional value to be recognised in the next 24 months.
Originally announced in February 2017, the deal sees Kromek provide key components for screening systems that detect explosives to a US customer operating in the homeland security space.
"This was our first long-term contract in the security screening market and we are pleased to see the value now increase by almost 90%”, said Arnab Basu, Kromek’s chief executive.
“This latest order expansion is an endorsement of the strength of our detection solution and credentials as a high-quality product supplier. We are gaining traction across all our markets as our customers continue to recognise the value that our technology adds to their products.”
Shares were 3.6% higher at 26.4p in mid-morning.
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