Radiation detection technology company, Kromek which has a Huddersfield research base, has won a new contract estimated to be worth at least $58.1m over a seven-year period from an existing OEM customer.

Kromek is a listed firm and a worldwide supplier of detection technology focused on the medical, security screening and nuclear markets. The seven year contract, which commences immediately, will supply see the company supply Cadmium Zinc Telluride (CZT) detectors and associated advanced electronics to be used in state-of-the-art medical imaging systems.

Arnab Basu, CEO of Kromek, said: “We are delighted to have been awarded this multi-year contract from an existing OEM customer, which is one of the most significant that we have secured both from a strategic and monetary perspective. It is also the first major contract that will be delivered from our new facility in the US that has been purpose built as a world-class production site for medical imaging products.

“Building on the $80m of contracts won over the last three fiscal years, this award strengthens and solidifies our revenue visibility and demonstrates the increasing commercial traction of our CZT detectors in our key target markets of medical imaging and nuclear detection.”