StockMarketWire.com - Radiation detection company Kromek said Monday it had secured a new long-term supply contract worth a minimum of $7.8m form an existing x-ray imaging systems customer for the baggage security screening market.

The contract, which was for the customisation of current technologies and CZT detector modules, covered a five-year period and would commence immediately, Kromek said. Chief executive Arnab Basu said: 'This is another significant, long-term contract in the security screening market for Kromek. It continues a trend of multi-year contracts we are signing as customers move away from legacy systems and embrace CZT detection technology.' 'Our expertise makes us ideally positioned to develop customer-specific detector modules and to efficiently deploy these in advanced screening systems for real-world use. We look forward to rolling out this detection technology to help protect staff and passengers at airports, border crossings and other points of entry or areas of security concern.'

At 8:43am: [LON:KMK] Kromek Group PLC share price was +2p at 25.25p



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