Kromek Share News (KMK)

(Sharecast News) - Medical, security screening and nuclear detection technology provider Kromek has been awarded two extension contracts relating to its 'D3S' family of products and technologies designed to counter nuclear terrorism, it announced on Tuesday.
The AIM-traded firm said the contracts were worth an aggregate of approximately £1.6m, and would be delivered in the current financial year.

It said the US Government's Countering Weapons of Mass Destruction Office, which is a component within the US Department of Homeland Security, had awarded it a $0.7m (£0.6m) extension contract to add further technical innovation capability to the D3S family of products.

The enhancements would provide greater operational capability by improving user experience, the board explained, and add a specialised reporting function to generate further information for homeland security organisations.

It was also awarded a £1.0m contract extension by a European government-related company, to provide integration of its D3S-related technologies.

The customer was a company that worked with a European government to detect and protect against potential nuclear threats, with the group's solutions set to be used for wide-area threat monitoring.

That brought the total awarded by the customer during the financial year to £2.1m.

"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," said chief executive officer Arnab Basu.

"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."