Kromek receives $2.1m security screening order

Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has received a $2.1m order from an existing US-based OEM customer that is an emerging leader and global company in the homeland security marketplace.

The order is for the supply of key detector components for incorporation into the customers’ advanced security screening system for the detection of explosives. Delivery will commence in the current year and complete in the first half of FY 2025. The Group has been supplying this customer since 2017 when it was awarded a five-year delivery contract, following the completion of an R&D phase to design components to meet the customer’s requirements, and it expects to enter another long-term delivery contract.

Arnab Basu, CEO of Kromek, said: “We are pleased to have received this latest order from a long-standing customer in the security screening market. It demonstrates the strength of our advanced imaging business where, after an initial design phase, we continue to receive orders for years to come. It also adds to the growing pipeline for FY 2025, which we expect to be a year of further growth. In addition, with the global aviation market now recovering, we expect another long-term delivery contract in due course, which will provide enhanced visibility into 2025 and beyond. We look forward to updating the market on our progress.”