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Image source: JeepersMedia

04 Aug

2014

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Image source: JeepersMedia

Technology

County Durham firm secures $1.23 million US contract

Posted by on 04 Aug 2014

Sedgefield-based technology company Kromek Group plc has announced it has been awarded up to $1.23m for a 12-month programme with the U.S. Defense Advanced Research Projects Agency (DARPA).

The company, which supplies patented radiation detection technologies to the medical, security and nuclear markets, employs over 100 people worldwide.

The programme is geared towards procurement in Year 2 and beyond. DARPA is an agency of the United States Department of Defense and responsible for maintaining the technological superiority of the U.S. military.

This contract, along with many others in the nuclear detection market, represents further healthy conversion of the pipeline into orders and the majority of the revenue of the contract is expected to be recognised in the current financial year.

Dr Arnab Basu, CEO of Kromek said: "Kromek is delighted to receive this award from DARPA, which closely follows recent awards from other areas of the U.S. Government and is further recognition of the advances Kromek’s detector technology platforms are making into growing global markets."

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