Proactive Investors - Kromek Group PLC (LON:KMK) told investors it has won a contract worth up to US$2.9 million from a US federal entity for the provision of nuclear security products, with an initial order payment already received.
The contract, which is from an existing customer, covers the provision of the Group's D5 RIID, D3M and D3S-ID wearable radiation detectors.
The AIM-listed company said it has received a US$358,000 order under this contract for immediate delivery, with up to US$2.5 million of further orders expected over the next 24 months.
Kromek CEO Arnab Basu said the new contract "reflects the strength of our longstanding business relationships and the quality of our nuclear security offering".
"We are continuing to experience excellent momentum in CBRN Detection as the threats to public security persist across the globe.
"We believe our products provide best-in-class capability to manage these threats and, consequently, we expect to receive further nuclear security orders in the near term."