RADIATION detection company Kromek has won a clutch of new deals worth almost $1m.
In the nuclear detection and security markets, the Sedgefield, County Durham business has secured two new customers, with orders worth a combined $452,000 (£289,000), from two global Original Equipment Manufacturers (OEMs).
Kromek will provide the US-based clients with technology to enhance their radiation detection capabilities for security applications.
Loading article content
The two new contracts will be delivered within the next 18 months with the majority of the orders expected to be completed and delivered in the current fiscal year.
In the medical market, Kromek has secured two new contracts, totalling $530,000 (338,000), from existing customers.
The first contract is a repeat order for the supply of its Cadmium Zinc Telluride (CZT) detectors to a long standing OEM customer in the Single Photon Emission Computed Tomography (SPECT) market.
The second order is for the delivery of Kromek's ASIC, based on unique intellectual property, to a global player in the medical imaging market.
Kromek expects to deliver both contracts over the next 24 months.
Arnab Basu, chief executive of Kromek, which is based on the Netpark science and technology park, said: "We are delighted to secure four new contracts and to add two leading OEMs in the nuclear detection field as new customers.
"The agreements are a clear indication of Kromek's continued progress across its key target segments.
"The deals further diversify our customer base, strengthen existing relationships and demonstrate confidence in our patented CZT-based technology and products, which continue to gain traction worldwide."