StockMarketWire.com - Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, has signed new contracts worth a total of $1.1m with existing clients across all three of its target segments and in multiple geographies.

In the medical market, Kromek has secured $564,000 in new orders to supply radiation detectors and integrated electronic components to a leading global original equipment manufacturer (OEM) of dual energy x-ray bone mineral densitometry (DEXA BMD) systems. DEXA BMD 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 has secured new orders, worth $367,000, with a customer in Asia to supply its SPECT-DM Nuclear Imager and the recently launched eValuator-3500 x-ray imager detection modules for improved materials identification in nuclear and security applications.

In addition, the company has received a repeat order, worth $120,000, from a leading OEM in the US to supply its patented detection modules to enhance the OEM's radiation detection capabilities for its security applications. 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.


At 8:14am: [LON:KMK] Kromek Group PLC share price was +1.5p at 39p



Story provided by StockMarketWire.com