Technology firm Kromek secures new orders worth £507,000

Technology firm Kromek has secured £507,000 of new orders to supply technology that can help doctors detect and treat osteoporosis quicker

Chief exective of Kromek, Arnab Basu
Chief exective of Kromek, Arnab Basu

Technology firm Kromek has secured £507,000 of new orders to supply specialist parts for technology that can help doctors detect and treat osteoporosis quicker.

The contract takes the total value of contracts secured by the Durham University spin-out to £3.32m over the last year – and the firm is also involved in a two-year development programme worth up to £3.2m in the medical CT market.

The business, which employs around 100 staff across offices in Sedgefield, America and Germany, is rapidly growing into a world leader in colour imaging for x-ray.

Since floating on AIM for the first time last year Kromek has been building upon expansion plans within the medical, security and nuclear markets.

Having already won a number of lucrative contracts since flotation, the business has now won the six-figure order to supply radiation detectors and integrated electronic components to a manufacturer in specialist bone density x-ray, known as DEXA BMD (Dual Energy X-ray Bone Mineral Densitometry).

The total booking from this customer now exceeds $1.25m (£750,000) so far this financial year.

DEXA BMD is the most accurate imaging technique to diagnose the strength and health of bones, allowing clinicians to accurately detect, monitor and treat osteoporosis in patients.

The new orders to supply detection components are in addition to an existing contract the Durham University spin-out has in place with the partner.

Arnab Basu, chief executive, said: “This latest order from this existing original equipment manufacturing partner builds on an important international relationship as we continue to see growth through expanding our geographic reach, particularly in Asia.

“Our work in BMD helps clinicians to detect and treat osteoporosis earlier and is further validation of our technology and its capabilities in improving the efficacy of medical scanning technologies.”

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