StockMarketWire.com - Detection technology company Kromek said it had won a seven-year supply agreement worth $17 million from an unnamed US-based customer.

Under the agreement, Kromek will supply its first-generation contaminant detection solution. The contract was expected to commence in the current financial year.

The contract was awarded following the successful progression of a two-year development program announced on 02 November 2020, the company said.

'Under this program, Kromek provided a CZT based detector solution for incorporation into the OEM's systems for identifying contaminants during production processes for the purpose of product quality inspection,' it added.




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