Radiation tech firm Kromek is toasting a $1.5m deal in the civil nuclear market.
The Sedgefield business has been awarded the contract to supply a new product for civil nuclear applications by one of the group’s distribution partners in Asia, and it will supply three new end customers in the region over the next 15 months.
The firm has outlined to shareholders how more importantly the deal represents an order for a new product, based on the group’s existing technology, with the development of the product having been funded by the distribution partner. The product is designed for applications including the detection, identification and analysis of radiological sources.
