Kromek announces new contracts worth $3M

Radiation detection technology firm Kromek has received new contracts worth more than $3 million, including agreements with the U.S. Defense Threat Reduction Agency and the U.K. Ministry of Defense.

Kromek won six new contracts across all of its business segments, with products expected to be delivered over the next six to 24 months. The largest award comes from the U.S. Defense Threat Reduction Agency for $1.6 million for a two-year agreement to use the company's technology platform to develop a ruggedized high-performance isotope radiation detector capable of use in military and other harsh environments.

The other contracts include the following:

  • A contract worth $430,000 with the U.K. Ministry of Defense for the supply of nuclear radiation detection products.
  • An extension to an existing contract to extend the development and delivery of nuclear radiation detection devices for a major civil nuclear partner amounting to $278,000.
  • An agreement for the supply of cadmium zinc telluride-based gamma radiation detectors with an existing medical customer with a minimum value of $560,000 over the two-year agreement.
  • Two contracts totaling $265,000 for the company's bottle scanners from an Asian airport group, and components for screening systems from an existing customer. These contracts are also expected to be implemented over the next six months.
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