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Kromek bags two contracts for nuclear detection platform

“The D3S family of products is gaining increasing momentum globally, with sales in 18 countries, as governments continue to adopt innovative solutions for countering the threat of nuclear terrorism”

Kromek Group PLC - D3S wearable nuclear threat detection device
D3S is a wearable nuclear threat detection device

Kromek Group PLC (LON:KMK) has won two contract extensions for its D3S nuclear detection platform worth a combined £1.6mln in the current year.

Part of the US government's Department of Homeland Security, a US$0.7mln (£0.6mln) payment will be received to extend a contract for the Countering Weapons of Mass Destruction Office, adding further technical innovation capability to the existing family of products being used.

On top of that is a follow-on contract worth £1.0m with a company that works with a European government to detect and protect against potential nuclear threats. Kromek’s D3S solutions will be used for wide-area threat monitoring. This brings the total awarded by this customer during this financial year to £2.1mln.

“The D3S family of products is gaining increasing momentum globally, with sales in 18 countries, as governments continue to adopt innovative solutions for countering the threat of nuclear terrorism,” said chief executive Arnab Basu.

He said some multi-year trials were approaching a successful conclusion and the company was looking forward to additional product and system-level sales in the future.

Quick facts: Kromek Group PLC

Price: 22.5 GBX

AIM:KMK
Market: AIM
Market Cap: £77.54 m
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