- Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, has entered into two agreements with CANBERRA Industries, a worldwide provider of nuclear measurement solutions headquartered in the US, for product distribution and R&D collaboration. Under the distribution agreement, CANBERRA will be the exclusive global distributor for four product families from Kromek's nuclear portfolio (excluding a limited number of territories where Kromek has pre-existing distributor networks).

As an established provider and market leader in nuclear instrumentation, CANBERRA has a wide range of products, strong customer relationships and extensive channels to market that Kromek expects to leverage. Kromek has also entered into a three-year, collaborative R&D programme with CANBERRA. The programme, which is expected to be worth at least $900k over the life of the contract, will see the two organisations work closely together on new product development and customisation of existing products by utilising Kromek's expertise and IP.

At 9:48am: [LON:KMK] Kromek Group PLC share price was +0.75p at 35.25p

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