Member Article

Durham's Kromek secures $3.1m contracts working with US and UK defence bodies

Durham-based Kromek, a radiation detection technology company, has won six new contracts totalling approximately $3.1m from new and existing customers.

The firm, which focuses on the medical, security and nuclear markets, will deliver services over the next 6 to 24 months, working with both the US Defense Threat Reduction Agency (DTRA) and the UK Ministry of Defence.

Kromek has been awarded a $1.6m two-year agreement by the US Defense Threat Reduction Agency, subject to final contract, to build on, and further enhance, the group’s technology platform to develop a ruggedised, high performance, isotope radiation detector capable of use in military and other harsh environments.

The firm’s board believes that this is another major opportunity to adapt its technology base and supply into the U.S. military and security agencies to be used in the field.

The company has also signed a $430k contract with the UK Ministry of Defence for the supply of nuclear radiation detection products.

Other secured work includes the extension to an existing contract to extend the development and delivery of nuclear radiation detection devices for a major civil nuclear partner amounting to $278k.

The firm disclosed that both of these contracts are expected to be delivered over the next six months.

Kromek has also entered into an agreement for the supply of CZT-based gamma radiation detectors with an existing medical customer with a minimum value of $560k over the two-year agreement.

In addition, the firm has been awarded two contracts totalling $265k for the company’s bottle scanners, from an Asian airport group, and components for screening systems, from an existing customer. These contracts are also expected to be executed over the next six months.

Dr Arnab Basu, Chief Executive Officer of Kromek, said: “We are delighted to demonstrate progress in all our business segments gaining new customers as well as deepening our relationship with existing customers.

“The contract wins add to the visibility of revenues underpinning our belief in the continuing growth of the business and commercial traction resulting from the increasing adoption of CZT-based technology.”