Radiation detection technology company Kromek has secured work on a string of major projects including a $1m contract extension from a leading global security company.
The firm, a Durham University spin-out, successfully completed the first phase for the design of Cadmium Zinc Telluride-based detectors and ASIC - application specific integrated circuits - aimed at nuclear safeguard markets. Under the terms of the contract for the second phase, it will now focus on the delivery of the new products as well as the testing and characterisation of detector modules.
The work should be completed over the next 12 months.
Kromek, which is based at NETPark in Sedgefield, has also been awarded several other significant contracts, worth approximately £700,000 in aggregate, with £400,000 realisable in the current financial year, for applications across its three segments of medical, security and nuclear.
The majority of the sales are in the medical industry, with approximately $400,000 (£260,000) attributable to bone mineral densitometry (BMD) applications, offering tests measures to measure levels of calcium and other types of minerals in bones.
The work includes a contract from a leading global healthcare and diagnostics company for the first phase of a project to incorporate the company’s detector modules into their diagnostics systems.
In addition, Kromek has received contracts from two of its existing OEM customers for CZT-based detector modules for BMD applications.
Innovate UK - previously the Technology Strategy Board - has likewise awarded the company a contract, worth approximately £200,000, for an 18-month programme for the development of a novel radiation detector for the medical and nuclear markets.
This is the fourth contract to be awarded to Kromek in the current financial year by the body, which is sponsored by the UK Government’s Department for Business, Innovation & Skills,
Kromek has also expanded its customer base with the award of its first contract from another global security technology group.
Additionally, it won a new contract worth approximately £160,000 for the supply of OEM components for its baggage screening product for aviation security.
Kromek chief executive Arnab Basu said: “We are delighted to have been awarded these contracts, which reflect progress across all of our business divisions and in multiple geographies.
“That this includes both new and existing customers provides further validation of our technological strength to manipulate a material such as CZT to enable our customers to make commercially viable products.
“We look forward to working with our partners to continue to develop leading-edge radiation detection solutions to enable safer travel, safer environments and better patient outcomes.”