Kromek awarded two contracts for D3S products
Two extension contracts worth circa £1.6m from European and US customers to be delivered this year
Kromek is pleased to announce that it has been awarded two extension contracts relating to its D3S gamma neutron radiation detector family of products and technologies designed to counter nuclear terrorism. The contracts are worth an aggregate of approximately £1.6m and will be delivered in this current financial year.
The US Government’s Countering Weapons of Mass Destruction Office, which is a component within the US Department of Homeland Security, has awarded Kromek a $0.7m (c. £0.6m) extension contract to add further technical innovation capability to the D3S family of products. The enhancements will provide greater operational capability by improving user experience and add a specialised reporting function to generate further information for homeland security organisations.
The Group has also been awarded a £1.0m contract extension by a European government-related company to provide integration of Kromek’s D3S-related technologies. The customer is a company that works with a European government to detect and protect against potential nuclear threats, and the Group’s solutions will be used for wide-area threat monitoring. This brings the total awarded by this customer during this financial year to £2.1m.
Arnab Basu, CEO of Kromek, commented: “The D3S family of products is gaining increasing momentum globally, with sales in 18 countries, as governments continue to adopt innovative solutions for countering the threat of nuclear terrorism. We are also pleased to be receiving further orders from existing customers, which reflects the value that they gain from our solutions. With some of our multi-year trials approaching a successful conclusion, we look forward to additional product and system-level sales of this leading-edge solution in the future.”
This announcement contains inside information.
You can download a copy of this announcement from the Investor Relations section of the website.
On the video below you can hear Dr Arnab Basu talk about the announcement and more on what the D3S family of radiation detectors does
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Derek Bulmer, CFO
+44 (0)1740 626 060
Cenkos Securities plc (Nominated Adviser)
Max Hartley (NOMAD)
Julian Morse (Sales)
+44 (0)20 7397 8900
Luther Pendragon Ltd (PR)
+44 (0)20 7618 9100