StockMarketWire.com - Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, has signed multiple new contracts, worth a total of $982,000, with both existing and new clients across its key target segments.

In the nuclear detection and security markets, Kromek has secured two new customers, with orders worth a combined $452,000, from two global Original Equipment Manufacturers (OEMs).

Kromek will provide the US-based clients with a portfolio of patented nuclear detectors to enhance their radiation detection capabilities for security applications. 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, 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. The company expects to deliver both contracts over the next 24 months.




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