RADIATION detection company Kromek has been awarded a $1m contract extension by a leading global security company.
Under the terms of the deal, County Durham-based Kromek will design and produce new nuclear detectors. The company expects to deliver this over the next 12 months.
Additionally, Kromek has been awarded several new contracts, worth about £700,000, to supply clients across the company’s three segments - the security, medical and nuclear industries.
The majority of the sales are in the medical industry, and includes a contract from a leading global healthcare and diagnostics company.
Furthermore, Innovate UK (previously the Technology Strategy Board), sponsored by the UK Government’s Department for Business, Innovation & Skills, has awarded Kromek a contract, worth approximately £200,000, for an 18-month programme for the development of a radiation detector for the medical and nuclear markets. This follows the successful delivery of previous projects, and is the fourth contract to be awarded to Kromek by Innovate UK in the current financial year.
Arnab Basu, the chief executive of Sedgefield-based Kromek, said: “We are delighted to have been awarded these contracts, which reflect progress across all of our business divisions and in multiple geographies.
"We look forward to working with our partners to continue to develop leading-edge radiation detection solutions to enable safer travel, safer environments and better patient outcomes.”
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