Business
New contract with long-standing customer
New contract with long-standing customer.
About this update from Kromek Group Plc
[{"type":"text","content":"\n \nRNS Number : 3747M Kromek Group PLC 20 January 2016 \n\n \n20 January 2016\n \nKromek Group plc\n(\"Kromek\" or the \"Company\")\n \nNew contract with long-standing customer in bone mineral densitometry segment\nRepeat order for detector modules in key medical diagnostics area\n \nKromek (AIM: KMK), a radiation detection technology company focusing on the medical, security and nuclear markets, is pleased to announce that it has been awarded a further renewal of its contract with a current customer for delivering its detector modules to be incorporated into the customer's bone mineral densitometry (\"BMD\") diagnostics systems. The new contract, worth $957,000, is to be delivered over a 20-month period. \n \nThe contract is with an existing long-standing OEM customer. The incorporation of the Company's detector modules in the customer's systems enables the most accurate imaging technique to diagnose the strength and health of bones, which allows clinicians to accurately detect, monitor and treat Osteoporosis in patients.\n \nArnab Basu, CEO of Kromek, said: \"We are delighted that this long-standing customer has renewed their supply contract for detectors, which further strengthens our relationship with them. We continue to win repeat business from existing customers and BMD remains a key segment offering growth opportunities over the next 12 to 18 months in addition to our three primary growth target markets of SPECT, CT and networked radiation detectors.\"\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 company (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride (\"CZT\"). Using its core CZT technology, Kromek designs develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.\n \nT...