RE: Smiths29 Nov 2022 21:15
Smiths Detection are massive, just like their contract wins. The customers are often sovereign country's. You have to ask yourself why have they signed up KMK to their stable of partners - it can only be they see massive opportunities going forward in wearable, connected radiation detectors.
A good example of what was cutting edge in 2019 . In 2019 they won a contract with CWMD (Countering Weapons of Mass Destruction office - USA) with a $291m ceiling, allows for multiple orders of SDI products and services under a single contract, and provides flexibility for the customer in follow-on order decisions.
This order was for "Passive checkpoint" solutions which can detect potentially dangerous radiation emitting material which passes through its detection zone. The portal is capable of scanning trucks, vehicles, containers, packages and people.
KMK have (we hope) a new generation of mobile, connected , wearable detectors - which can be deployed anywhere , fast.
Smiths Detection must see a large market in North America for this solution, - mobile networked Radiation detection in communities - for firsts responders, police, military, etc.
Smiths Detection Quote "The agreement with Kromek to distribute wearable radiation detectors, allows Smiths Detection to supply a full range of field-based CBRNe solutions to customers, helping to protect front line defenders and the communities they serve”.
Hopefully, this is the very beginning of a whole new market in the USA which could be as large , if not larger than the static / passive radiation contract won in 2019.
Smiths are a trusted global player in threat detection and recently signed contracts with Qatar for the world cup. If you look back at Smiths news feed of contracts they have won - they are everywhere. Smiths now have a portable wearable radiation detector to market and distribute to their already trusted customers - so should be interesting going forward as to the size, of some of these contracts.
Ideally, a good contract in the near future from Smiths , could be what the market need to see, so to take the KMK opportunity seriously.