StockMarketWire.com - Kromek, a radiation detection technology company, said Thursday it had been awarded a $1.8m two-year contract by the US Defense Threat Reduction Agency, to develop a radionuclide identification device to meet future military operational challenges.

Under the terms of the contract, Kromek would enhance its D3S platform to develop a 'next-generation,' ruggedised small form factor for use in the military field. The device would generate higher resolution detection and superior localisation and identification of radioactive material for use by the US military in combat environments.

'We are seeing considerable traction for our D3S radiation detectors as they continue to prove their efficacy in the security markets globally,' said Dr Arnab Basu, CEO of Kromek.

'This project with the Defense Threat Reduction Agency highlights the versatility of our technology platform as we develop a ruggedised device capable of identifying radioactive threats in a military environment. Our long-term relationship with multiple agencies of the US Department of Defense is the result of a shared commitment to develop next-generation technology and we look forward to continuing this work with the Defense Threat Reduction Agency.


At 10:05am: [LON:KMK] Kromek Group PLC share price was +2p at 28.5p



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