StockMarketWire.com - Kromek has signed a second contract with the Defence Advanced Research Projects Agency, an agency of the US Department of Defence.

This has confirmed the award of a sole source contract to Kromek to supply spectroscopic personal radiation detectors (D3S) in support of DARPA's SIGMA programme.

The contract also includes an additional award for an accessory for the D3S. The total value of the contract is $6.0m with delivery commencing immediately.

Kromek has also been awarded a modification to its existing contract with DARPA for the design, development and supply of electronics modules to provide a universal interface, capable of processing data from either SiPM arrays or from standard photomultipliers and to help retrofit and test 200 legacy detectors with new base electronics modules with both wired and wireless connection capability.

The contract modification, to be delivered by 30 April 2017, is worth up to an additional c. $0.75m. From August 2014 to date, Kromek has been awarded a total of $5.37m in contracted revenues under the SIGMA programme with DARPA.


At 8:04am: [LON:KMK] Kromek Group PLC share price was +1.75p at 31p



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