Kromek wins $5.38m deal with BMD customer
Durham-based Kromek has won a new five-year contract, worth $5.38m.
The radiation detection technology company, which services the medical, security and nuclear markets, has been awarded the deal from an existing customary in the bone mineral densitometry (“BMD”) sector.
Expected to begin in the current 2017/18 financial year, Kromek is tasked with the incorporation of its cadmium zinc telluride (“CZT”)-based detector modules in a new product.
Dr Arnab Basu, CEO of Kromek, said: “We are delighted to have secured a further contract by an existing BMD customer as they launch a new medical diagnostics product.
“It further validates our belief that, as customers move away from legacy diagnostic systems, CZT based detectors will become a core technology and we anticipate to be one of the major suppliers to this segment.
“The agreement also demonstrates the strong relationships we build with our customers and the Company’s commitment to securing further contracts in the medical imaging sector.”