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Kromek picks up US$750,000 of orders and raises £3mln via open offer

Kromek Group PLC (LON:KMK) received two new orders worth a total of US$750,000.

 The first order, from an existing OEM customer, is worth $600,000 and is for the supply of detectors to be used in niche SPECT applications.

Delivery starts immediately and will complete by the end of this calendar year.

The second order is a repeat order from a US customer worth US$150,000 for specialised CZT detectors for a nuclear application.

Arnab Basu, Kromek’s chief executive, said: “These latest orders reflect the beginning of the return to normal business activities as our customers increasingly resume commercial activity.

“These repeat orders, in our core commercial markets of medical imaging and nuclear security, reflect the value of our technology to our customers in these areas.

“In addition, with $375,000 due to be delivered this financial year, they provide us with greater visibility over our full-year forecasts.”

Separately, Kromek said it has and raised £3mln through the open offer that accompanied January’s £10mln placing.

The offer was 347% oversubscribed, Kromek said in a statement, and took the total amount of the fundraising to £13mln.

Shares were unchanged at 17p.

– adds open offer details –

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