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Kromek on a roll as it announces another three contract wins

The D3S products were developed under the SIGMA programme, an initiative of the US Department of Defense's Defense Advanced Research Projects Agency

Radiation detector
Kromek has developed a family of products and technologies under the SIGMA programme

Kromek Group PLC (LON:KMK) shares rose on Monday following news it has been awarded new contracts for its D3S nuclear detection platform in the UK, US and Europe.

The detection technology firm said the three contracts are worth around £1.6mln in aggregate.

READ Kromek confident as sales and orders rise strongly

The UK contract, worth £1.1mln, is from a UK government-related company while the US contract, worth £389,000, is from the US government's Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense.

The European contract, worth €180,000 is from the European Commission's Directorate-General for Migration and Home Affairs.

"The D3S platform continues to gain traction in the US and the rest of the world,” said Arnab Basu, the chief executive officer of Kromek.

“We are working with a number of high value-customers in a number of countries for deployment and implementation of this technology. These new contracts are great examples of the commercial progress in this area as well as the varied security and military applications for our D3S family of products," he added.

In afternoon trading, Kromek shares were 4.1% higher at 25.25p.

 -- Adds share price --

Quick facts: Kromek Group PLC

Price: 23.5 GBX

AIM:KMK
Market: AIM
Market Cap: £80.99 m
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