Kromek wins $3.1m contract with US homeland security specialist

Shares in Kromek are up almost 4% after it won a five-year contract -- worth a minimum of $3.1m over the period -- with an existing US-based customer that is an emerging leader and global company in the homeland security marketplace.

It had developed key components to be incorporated into the customers' new generation security screening system for the detection of explosives.

This security screening equipment has regulatory certification and provides advanced capability for screening current threats, and is ideal for the detection of homemade explosives," the radiation detection technology company said.

At 12:46 GMT, shares in AIM-listed Kromek, which focuses on the medical, security and nuclear markets, were up 3.49% to 22.25p each.