Kromek seals $1.3m deal for ‘dirty bomb’ detectors with American customer
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 NETPark-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 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.
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.”
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The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.
CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.
It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.
The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.
Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.
We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.