Radiation detection company secures £536,000 worth of orders
Kromek, a listed supplier of detection technology for the medical, security screening and nuclear markets, has received two new orders worth a total of $750,000/£536,000.
Half of this value is due to be recognised during the current financial year.
The orders are from existing customers in the Huddersfield-based Group’s medical imaging and nuclear security markets.
Kromek’s first order, from an existing OEM customer, is worth $600,000/£429,000 and is for the supply of detectors to be used in niche SPECT applications.
The Group is beginning delivery immediately and this will complete by the end of this calendar year.
The second contract is a repeat order from an existing US-based customer, worth $150,000/£107,000 for the supply of specialised CZT detectors for a nuclear security application. This order is expected to be delivered during the current financial year.
Dr Arnab Basu, CEO of Kromek, said: “These latest orders reflect the beginning of the return to normal business activities as our customers increasingly resume commercial activity.
“These repeat orders, in our core commercial markets of medical imaging and nuclear security, reflect the value of our technology to our customers in these areas.
“In addition, with $375,000 due to be delivered this financial year, they provide us with greater visibility over our full year forecasts. We look forward to delivering these orders and to continuing to expand our pipeline.”