Hot on the heels of last Thursday’s upbeat FY19 results, Kromek delivered some more positive news this morning. Announcing that it had signed 3 more ‘dirty bomb detector’ (D3S) contracts worth £1.6m in aggregate across the UK, continental Europe and America.
We think these are significant, since they not only de-risk our FY20 estimates and beyond, but also act as further reference sites for securing additional follow-on work, with both existing and new clients.
CEO Arnab Basu, adding "The D3S platform continues to gain traction in the US and the rest of the world. We are working with a number of high value-customers in a number of countries for deployment and implementation of this technology. These new contracts are great examples of the commercial progress in this area as well as the varied security and military applications for our D3S family of products."
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