Radiation tech specialist Kromek said it expects to see half year revenues rise 45% after sealing a $1.3m deal for its wearable ‘dirty bomb’ detectors.
The Sedgefield-based business is behind the D3M personal radiation detector that helps guard against the threat of nuclear terrorism and the illicit movement of nuclear materials. The hands-free wearable device continuously scans for radiation and has a six-times lower false alarm rate than the standard of the American National Standards Institute.
Since being developed by the NETPark business Kromek has secured a number of orders, and this latest deal is a repeat order with a US customer, with Kromek having now delivered D3M orders worth $2.6m to the same customer in the last six months.
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Dr Arnab Basu, chief executive officer of Kromek, said: “We are pleased to win this contract for our D3M radiation detectors. This repeat order affirms the strength of our nuclear radiation detection technology and highlights the growing market demand for these products.
“It is also reflective of the strong trading that we experienced in the first half of our FY 2023 year, and we expect to report revenue growth of approximately 45% for the six months to 31 October 2022. This, combined with the momentum that we are seeing, particularly in the CBRN segment, underpins the Board’s confidence in our prospects for the future.”
Kromek’s advanced imaging division works in the medical security and industrial markets, and within CBRN detection, the group provides nuclear radiation detection solutions to the global homeland defence and security market. It is also developing bio-security solutions to detect a range of airborne pathogens.
This week it is exhibiting at the Counter Threat Symposium 2022 at the Farnborough International Exhibition and Conference Centre, a forum designed to bring together end users, policy makers, first responders and the industrial supply chain from both the UK and overseas.
The company is displaying its collection of handheld, wearable and static radiation detectors at the three-day event.
Craig Duff, Kromek’s CBRN business manager, said: “It is an opportunity for us to engage with a wide number of British and overseas procurement officials who are driving CBRN policy at this critical time when the global CBRN threat is escalating. We are looking forward to discussing with them Kromek’s expanding range of radiological and biological detectors.”
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