Business & Economy
NETPark-based Kromek Group secures £1 million-plus detector deals
January 18, 2024
A technology firm known for scanning equipment used to stop terror plots and improve medical diagnosis has secured a quartet of orders worth more than £1 million.
Kromek Group is sending detector components to existing customers.
The Sedgefield-based company will send two orders in the present financial year, with the remaining two primed for delivery over the next 24 months.
The deals build on a partnership announced last year with the US Department of Homeland Security Countering Weapons of Mass Destruction Office, which will see Kromek research and develop technologies for a bio-detection system.
Dr Arnab Basu, chief executive at the Durham University spinout, said: “These orders are illustrative of the repeat nature of our business in the advanced imaging segment.
“With the increasing adoption of next-generation detection modalities in the medical imaging market, we expect to continue to expand our customer base in this key area.
“Accordingly, we look forward to sustained growth in the volume of repeat business alongside winning orders from new customers.”