Kromek Group PLC - Sedgefield, England-based detection technology supplier - Secures USD1.5 million contract in the civil nuclear market from an unnamed existing distribution partner in Asia. Says the order is for a new product, designed for civil nuclear applications, including the detection, identification and analysis of radiological sources. The product will be delivered over the next 15 months. Adds it will supply three new customers in Asia.
Chief Executive Officer Arnab Basu says: "It is great to have received our first order for this new product line as we commence the commercialisation phase. It reflects the strength of our business model as another example of customer-funded development work transitioning to a product delivery phase."
Current stock price: 5.51 pence, up 0.3% on Monday
12-month change: down 57%
By Sabrina Penty, Alliance News reporter
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Kromek (KMK)