£1.7m contract win under UK Government Framework

Kromek (AIM: KMK), a global detection company delivering best-in-class solutions for the advanced imaging and CBRN detection markets, is pleased to announce that it has received its first contract, worth £1.7m, under the UK Government's Radiological Nuclear Detection Framework (the "Framework") for the procurement of radiological nuclear detection equipment and supporting services for the Home Office.

As noted in the Group's announcement of 23 September 2024, Kromek is pre-qualified to receive orders under three Framework categories, covering the supply of handheld, wearable and large volume static radiation detectors. The Group's new contract, which is part of the first procurement round under the four-year Framework, is for the supply of Kromek's D3S-ID wearable radiation detector and ongoing training and product maintenance. The total value for this contract is £1.7m, of which a significant majority is scheduled to be received in the Group's current financial year and which will contribute towards the expected revenue growth in the CBRN Detection segment.

Arnab Basu, CEO of Kromek, said: "We're proud to win our first contract under the UK Government framework for radiological and nuclear detection equipment. As one of the few pre-approved suppliers, we are uniquely positioned to support the Home Office's mission to strengthen national security and to secure further strategic orders. This contract affirms our leadership in the sector and highlights the significant growth potential unlocked by our selection for this critical framework".

Kromek Group plc

Kromek Group plc

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