Detection tech creator Kromek has raised £1.7m from new and existing investors through an issue of convertible loan notes.
The Sedgefield firm said it would use the sum as additional working capital to counteract any potential supply chain disruption to the delivery of contracts during the year. In a separate announcement earlier this week it told investors of two new orders in the medical imaging market worth about £618,557 ($751,000).
Kromek Group plc designs, develops and produces x-ray and gamma-ray imaging and radiation detection products for the medical, CBRNe security, Homeland Security and civil nuclear radiation detection markets.