A NORTH-EAST company whose scanners fight terrorism and cancer has signed new contracts worth a combined $1.1m.
In the medical market, Kromek has secured $564,000 in new orders to supply radiation detectors and components to a leading global Original Equipment Manufacturer (OEM) of technology which assesses bone mineral density. The Dexa Bmd system is the most accurate imaging technique to diagnose the strength and health of bones, allowing clinicians to accurately detect, monitor and treat osteoporosis in patients.
In the nuclear detection and security markets, Kromek, which is based on the Netpark science and technology park in Sedgefield, County Durham, has secured new orders, worth $367,000, with a customer in Asia to supply its imaging equipment to be used in nuclear and security applications.
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In addition, the company has received a repeat order, worth $120,000, from a US manufacturer to boost its radiation detection equipment.
The three new contracts will be delivered within the next 12 months with a large proportion of the revenue realised within the current fiscal year.
Arnab Basu, chief executive of Kromek, said: "We are delighted to have been awarded these three new contracts that illustrate the progress Kromek continues to achieve across all of our target segments and in multiple geographies, including Asia - a key growth market.
"The new deals demonstrate the confidence our customers have in our products and further validate the benefits of our enhanced radiation detection capabilities.
"As current and new customers continue to adopt Kromek's patented CZT (Cadmium Zinc Telluride) - based technology, our products are gaining increased traction worldwide. We look forward to further strengthening our long-term customer relationships and building new ones across all of our target markets."