North East technology firm Kromek is cementing its strength in security markets after winning a second long-term contract in the sector this year.
The Sedgefield firm1 , which is based at NETPark, has announced a five-year deal with a new customer which is a leader in X-ray imaging systems. The radiation detection technology company, which also works in the medical and nuclear markets, said the five-year deal is worth $2m ( 1.54m) over the period. The work will see the manufacturer incorporate Kromek s technology into its baggage security screening systems, which will boost detection of an extensive range of threat materials.
This marks the second long-term contract Kromek has signed in the security screening market this year, following the announcement in February of a five-year $3.1m ( 2.39m) agreement with an existing US customer that is an emerging leader and global company in the homeland security marketplace. Dr Arnab Basu, chief executive officer of Kromek, said: We are delighted to secure another long-term contract with a new OEM customer in the security screening market.
This agreement further demonstrates the demand for our products and technology as all OEMs in this arena begin upgrading their legacy systems to bring them in line to detect modern day threats . We look forward to working with this new customer and developing a long-term relationship with them.
The announcement comes just over two weeks after the firm was awarded a new contract by a health sector customer worth at least 4.1m.
The radiation detection specialist already has contracts with the firm, which works in the bone mineral densitometry sector, which involves making detectors which are used to determine a patient s bone quality, helping doctors in the diagnosis and management of diseases such as osteoporosis. In June the firm posted full year results showing growth in turnover of 7.5% from 8.3m to 9m. Mr Basu pledged a step change at the firm that will see it pull off larger contracts and boost revenue by 40% this year.
Over the last 24 months the firm has won more than $40m ( 30.9m) in contracts across its market sectors as commercialisation has stepped up.
Hi-tech fingerprint readers could soon be making their way to your home thanks to a North East biometrics firm.
Newcastle s1 Ievo develops cutting-edge technology, such as fingerprint readers, that are used by large businesses in their security systems. For years biometric technology has been viewed as futuristic, and only cost-effective for the large companies but a new deal will see Ievo s fingerprint tech incorporated into Texecom s home security control systems, making them more affordable to small businesses and members of the public. Once installed in a home, residents will be able to turn their house alarm on or off simply by using their finger.
Richard Forsyth, sales manager for Ievo, said: The key here is a blend of convenience and enhanced security for high end domestic and SME users.
Numeric code PINs and fobs can be lost, forgotten or stolen whilst a fingerprint, once registered, is unique to that authorised user . Once a person s fingerprint is enrolled, and this is a very simple process using the same reader, only that user can set or disable the alarm and peripherals.
Ievo Managing Director Shaun Oakes, in North Shields (Image: Newcastle Chronicle)
The fingerprint readers use state-of-the-art technology that enables users to be identified even if their hands are covered in dust or grease. The control units can also be placed outside allowing alarms to be disabled before entering a property .
The ability to be used outside is also particularly useful at industrial and construction sites, where workers can be restricted from accessing certain areas of the premises. Mr Forsyth added that, since launching the partnership, Ievo is already seeing smaller companies take up the new system. He said: We re delighted to be working with an award-winning international leader in electronic security devices and see this integration as opening up a potentially huge market for smaller and domestic systems.
With the Texecom integration now available, we are already seeing an uptake from those who previously enquired about intruder alarm integration and single door access control.
The fingerprint readers are available as part of Texecom s Premier Elite Series of control panels, which can also be used to alert the police of a break-in.
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