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Share Price: 7.85
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Change: 0.10 (1.29%)
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Kromek Wins Three Detector Modules Orders Worth USD1.2 Million

Wed, 02nd Nov 2016 08:27

LONDON (Alliance News) - Radiation detection technology firm Kromek Group PLC on Wednesday said it has won new contracts from three of its existing customers for its CZT-based detector modules.

Kromek said the three deals were signed with unnamed producers and exporters of bone mineral density diagnostic systems. The contracts are worth a total of USD1.2 million over the next two years, with the majority of the modules to be delivered in the first 12 months.

The modules will mean the diagnostic systems can be used by clinicians to accurately detect and monitor progression of osteoporosis in patients.

Shares in Kromek were untraded early Wednesday, having last traded at 27.00 pence.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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