Business
New $1.5m CBRN contract in Asia
New $1.5m CBRN contract in Asia.
About this update from Kromek Group Plc
[{"type":"text","content":"\n\n5 June 2023\nKromek Group plc \n(\"Kromek\" or the \"Group\") \n \nNew $1.5m CBRN contract in Asia\nContract for the supply of a new product for civil nuclear applications\n \nKromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has secured a contract worth $1.5m in the civil nuclear market, which is to be delivered over the next 15 months. \n \nThe contract has been awarded by one of the Group's distribution partners in Asia and is to supply three new end customers in the region. Importantly, the order is for a new product, based on the Group's existing technology, with the development of the product having been funded by the distribution partner. The product is designed for civil nuclear applications, including the detection, identification and analysis of radiological sources.\n \nArnab Basu, CEO of Kromek Group, said: \"It is great to have received our first order for this new product line as we commence the commercialisation phase. It reflects the strength of our business model as another example of customer-funded development work transitioning to a product delivery phase. It is also indicative of the increasing interest that we are receiving in our CZT-based technology in the fast-growing Asian markets. We look forward to receiving additional orders for this product line and continuing to expand our reach in Asia.\"\n \nFor further information, please contact: \n \n\n\n\nKromek Group plc \n\n\n\n\n\n\n\nArnab Basu, CEO \nPaul Farquhar, CFO \n \n\n\n+44 (0)1740 626 060\n\n\n\n\nfinnCap Ltd (Nominated Adviser and Broker) \n\n\n \n\n\n\n\nGeoff Nash/Seamus Fricker/George Dollemore - Corporate Finance \nTim Redfern/Charlotte Sutcliffe - ECM \n \n\n\n+44 (0)20 7220 0500 \n \n\n\n\n\nGracechurch Group (Financial PR) \n\n\n\n\n\n\n\nHarry Chathli/Claire Norbury \n \n\n\n+44 (0)20 4582 3500\n\n\n\n \nKromek Group plc \n \nKromek Group plc is a leading developer of radiation detection and bio-detection technology solutions for the advanced imaging and CBRN detection segments. Headquartered in County Durham, UK, Kromek has manufacturing operations in the UK and...