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Kromek awarded two contract extensions for nuclear terrorism detection

The customer is a company that works with a European government to detect and protect against potential nuclear threats

Kromek Group PLC -

Kromek Group PLC (LON:KMK) has been awarded two contract extensions by a European government-related company.

The supplier of detection technology is to provide network solutions of its D3S-related technologies to counter nuclear terrorism. The contract extensions are worth a total of £460,000 and will be delivered in the current financial year. In total, this company has put slightly more than £2.5mln of business Kromek’s way.

"These contract extensions are indicative of the rebound in commercial activity we are experiencing across our business and further evidence that normal trading patterns are returning for us as well as our customers,” said Arnab Basu, the chief economic executive officer of Kromek in a statement.

"The D3S family of products is at the forefront of the innovative solutions being adopted by governments worldwide for countering threat of nuclear terrorism. These products, as part of our radiation detection solutions, have been deployed in over 20 countries to keep critical infrastructure and public spaces safe. We look forward to working with this customer and help with their roll-out programme over the next few years,” he added.

Quick facts: Kromek Group PLC

Price: 16.3 GBX

Market: AIM
Market Cap: £70.39 m

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