The majority of the order is expected to be completed and delivered in the current financial year and represents the conversion of a previously obtained letter of intent from this customer.
In addition, the company announced that it had received its expected $1m first year exclusivity payment from a top four OEM in the computed tomography (CT) market, as part of its $5.3m mutually exclusive development contract for developing and supplying CZT based multispectral (colour) detectors, as part of an initial two-year programme.
Kromek says the global CT market is estimated to grow to $5.1bn by 2017 and represents one of the major diagnostic modalities in the medical imaging markets worldwide. The company says it is pleased to report that the development programme is progressing as per plan.
At 8:32am: [LON:KMK] share price was +1.5p at 61p
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