Listed radiation detection business wins new, global client

Radiation detection technology business Kromek has signed a development agreement, worth up to $660,000 (£511,000) with a US-based industrial manufacturer with a global customer base.

Most of the development programme is scheduled to be delivered during the Huddersfield-based Group’s current financial year. And following final completion, it is expected to become a multi-year supply contract.

Under the agreement, Kromek will customise one of its CZT detector platforms for incorporation into the customer’s systems for identifying contaminations during production processes.

Dr Arnab Basu, CEO of Kromek, said: “We are delighted to have secured another leading OEM customer with substantial global operations. This is further validation of the strength of our solutions.

“It also demonstrates the versatility of our CZT-based detector platforms, which transform the imaging and detection capabilities of our customers’ next-generation products to ensure we can live healthier and safer lives as well as reduce our customers’ cost of operation.

“We look forward to working with our new customer to successfully complete this development programme and establishing a long-term relationship.”