Kromek Group PLC on Monday announced it has won a contract worth £2.0 million from the UK Ministry of Defence for the supply of nuclear radiation detectors and ancillary products.
Shares in Kromek were up 9.6% at 5.97 pence each in London on Monday morning.
The Sedgefield, England-based detection technology supplier said the contract was for the supply of the company’s D5 RIID, a handheld, highly-sensitive gamma and neutron detector, as well as the company’s Alpha Beta probe attachment and other related products.
The Alpha Beta probe connects directly to the D5 RIID to detect alpha and beta radiation, allowing the single, small form factor upgraded device to detect all types of radioactive material.
The contract will be delivered within Kromek’s current financial year ending April 30, 2025.
Chief Executive Officer Arnab Basu said: ‘We are delighted to have won this important contract from the UK Ministry of Defence, which is a significant strategic customer for Kromek. That it was awarded after a rigorous tender process provides excellent endorsement of the strength of our solution. It is also great validation to receive this key order for our Alpha Beta probe so soon after its launch at the end of last year. With the Alpha Beta probe upgrade, our D5 RIID is one of the most versatile handheld radiation detectors available today. We are looking forward to delivering this contract and supporting UK national defence efforts, and to continuing to strengthen our relationship with this important customer.’
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