Kromek lands new contracts

Radiation detection technology company Kromek has secured three new contracts worth US$1.1m from existing customers, making progress globally across the medical, nuclear and security markets.

In the medical market, Kromek has secured US$564,000 in new orders to supply radiation detectors and integrated electronic components to a leading global original equipment manufacturer ("OEM") of dual energy x-ray bone mineral densitometry ("DEXA BMD") systems. DEXA BMD is the most accurate imaging technique to diagnose the strength and health of bones, allowing clinicians to accurately detect, monitor and treat osteoporosis in patients.  
 
In the nuclear detection and security markets, Kromek has landed new orders, worth US$367,000, with a customer in Asia to supply its SPECT-DM Nuclear Imager and the recently launched eValuator-3500 x-ray imager detection modules for improved materials identification in nuclear and security applications. In addition, the company has received a repeat order, worth US$120,000, from a leading OEM in the US to supply its patented detection modules to enhance the OEM's radiation detection capabilities for its security applications.
 
The three new contracts will be delivered within the next 12 months with a large proportion of the revenue realised within the current fiscal year.  
 

Kromel chief executive Arnab Basu said: "We are delighted to have been awarded these three new contracts that illustrate the progress Kromek continues to achieve across all of our target segments and in multiple geographies, including Asia - a key growth market.

"The new deals demonstrate the confidence our customers have in our products and further validate the benefits of our enhanced radiation detection capabilities. As current and new customers continue to adopt Kromek's patented CZT-based technology, our products are gaining increased traction worldwide. We look forward to further strengthening our long-term customer relationships and building new ones across all of our target markets."

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