Technology company Kromek has secured a new contract in the security market worth US$620,000.
The Durham University spin-out will be providing its advanced bottle scanner technology to a number of airports in Asia.
Kromek’s bottle scanner makes use of multispectral x-ray technology to scan liquid, aerosol and gel containers being taken on to aeroplanes for the presence of dangerous liquids.
It is suitable for integration in baggage scanning equipment as well as in a stand-alone scanner.
The technology allows a possible pathway to cater for changing security threats, such as explosives concealed inside small electronic devices and laptop - a function which has already been successfully demonstrated.
Revenues from the latest contract win are expected to be recognised in the current financial year ending April 30, 2015.
Chief executive of Kromek Arnab Basu said: “Airport security needs to continue to develop and evolve to match increased threats posed by global terrorists.
“Kromek is proud to be at the leading edge of this market.
“Our bottle scanning technology has already been deployed in over 25 airports across the EU and Australia, and we are pleased to be now entering the Asian market, where we see considerable scope for growth, in addition to our continued effort in Europe and the rest of the world.
“The Company continues to innovate in response to the market’s needs, and this contract endorses the commercial applications and superiority of our products.
“This initial contract win is in a new geographical market with considerable scope for future growth.”
The Company will announce its latest preliminary results - set to be in line with current market expectations - on Thursday, August 28, 2014.