Business
Award of New Contract for Radiation Detectors
Award of New Contract for Radiation Detectors.
About this update from Kromek Group Plc
[{"type":"text","content":"\n \nRNS Number : 6782Y Kromek Group PLC 07 March 2017 \n\n7 March 2017\n \nKromek Group plc\n(\"Kromek\" or the \"Company\")\n \nKromek Awarded New Contract for Radiation Detectors\nNew contract with existing client for security screening\n \nKromek (AIM: KMK), a radiation detection technology company focusing on the medical, security screening and nuclear markets, is pleased to announce that it has been awarded a contract, valued at $990k, by an existing US-based customer, a global leader in aerospace and defence technologies, for the upgrade of the Company's advanced security screening detectors that the customer has deployed since 2009.\n \nUnder the terms of this 12-month contract, Kromek will develop and provide the first annual supply of the upgraded detectors. Furthermore, the contract guarantees that Kromek will continue to be the exclusive supplier for these upgraded detectors for the next 10 years. The upgraded cadmium zinc telluride (\"CZT\") detectors are critical to the customer's security screening application. \n \nDr Arnab Basu, Chief Executive Officer of Kromek, said: \"We are delighted to receive this new security screening contract from an existing customer that is a major aerospace and defence company. This contract provides further validation of the strength of our advanced radiation detection solutions and adds to the visibility of revenues and strengthens our confidence in the continuing growth of the business.\" \n \n \nEnquiries \n \n\n\n\n\nKromek Group plc\n\n\n\n\n\n\n\nArnab Basu, CEO\nDerek Bulmer, CFO\n\n\n+44 (0)1740 626 060\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities plc\n\n\n\n\n\n\n\nBobbie Hilliam (NOMAD)\nJulian Morse (Sales)\n\n\n+44 (0)20 7397 8900\n\n\n\n\n\n\n\n\n\n\n\n\nLuther Pendragon Ltd\n\n\n\n\n\n\n\nHarry Chathli, Claire Norbury, Alexis Gore \n\n\n+44 (0)20 7618 9100\n\n\n\n\n \n \nAbout Kromek Group plc\n \nKromek Group plc is a UK technology Group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride (\"CZT\") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma photon imaging and radiation detection products for the medical, security screening and nuclear markets.\n ...