LONDON (ShareCast) - (Sharecast News) - Kromek Group announced on Wednesday that it has won a new five-year contract with an existing medical sector customer worth £1.2m.
Under the terms of the contract, the-AIM traded radiation detection technology company will supply its cadmium zinc telluride-based (CZT) detector modules for incorporation in the customer's products, with a view to enhancing their tumour locating capabilities.

Chief executive Arnab Basu said: "I am pleased to receive this long-term contract from our existing customer reaffirming their commitment for the next five years. This is a result of the high-quality products and services we have provided them throughout the last few years."

Kromek said it seeks to priotitise designing, developing and producing imaging and radiation detection products specifically for the medical, security and nuclear markets.

"We are continuing to develop new business opportunities in our core markets while serving our existing customers, which are important for the continuing growth of the business," said Basu.

At 0848 BST, Kromek shares were down 1.51% at 26.10p.

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