LONDON (ShareCast) - Shares in Kromek jumped over 5% early on Monday, after the radiation detection technology company said it had won multiple contracts worth a combined $982,000 (£626.8m).
The London-listed company has signed deals with two global Original Equipment Manufacturers (OEM) worth a combined $452,000.

Under the agreements, which will be delivered within the next 18 months, Kromek will provide the US-based clients with a portfolio patented nuclear detectors to improve their radiation detection capabilities for security applications.

Meanwhile, the group has secured two contracts with existing customers worth a combined $530,000.

The deals include the supply of its Cadmium Zinc Telluride detectors to an OEM customer in the single photon emission computed tomography and the delivery of the company's ASIC system to a "global player" in the medical imaging market.

In a statement released on Monday, Kromek said both contracts are expected to be delivered within the next two years.

"The agreements are a clear indication of Kromek's continued progress across its key target segments," said group chief executive Arnab Basu.

Kromek shares were up 5.62% to 36.44p at 08:57 on Monday.

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