Kromek receives new Nuclear Security contract

Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has been awarded a contract, worth up to $2.9m, from a US federal entity for the provision of nuclear security products.

The contract, which is from an existing customer, covers the provision of the Group's D5 RIID, D3M and D3S-ID wearable high-performance radiation detectors. The Group has received a $358k order under this contract for immediate delivery, with up to $2.5m to be awarded over the next 24 months.

Arnab Basu, CEO of Kromek, said: "We are pleased to have received this new contract, which reflects the strength of our longstanding business relationships and the quality of our nuclear security offering. We are continuing to experience excellent momentum in CBRN Detection as the threats to public security persist across the globe. We believe our products provide best-in-class capability to manage these threats and, consequently, we expect to receive further nuclear security orders in the near term."

Kromek is listed on AIM, a market of the London Stock Exchange, under the trading symbol 'KMK'.