Kromek Group PLC New GBP1.7m CBRN contract (0584H)
April 04 2022 - 2:00AM
UK Regulatory
TIDMKMK
RNS Number : 0584H
Kromek Group PLC
04 April 2022
4 April 2022
Kromek Group plc
("Kromek" or the "Group")
Kromek awarded GBP1.7m contract from UK government-related
customer
New multi-year order from UK government agency for provision of
CBRN detection products and services
Kromek (AIM: KMK), a leading developer of radiation and
bio-detection technology solutions for the advanced imaging and
CBRN detection segments, is pleased to announce that it has been
awarded a contract worth GBP1.7m from an existing UK
government-related customer.
The contract is for the provision of CBRN (Chemical, Biological,
Radiological, and Nuclear) detection products and services. It is
to be delivered over the next four years, with revenue split
equally over that period.
Dr Arnab Basu, CEO of Kromek, said:
"We are pleased to have received this new contract from this
long-standing customer. It is testament to the value that they
place on our products and the nature of our CBRN business where we
build solid relationships and continue to receive repeat orders.
Governments are becoming increasingly aware of the need to enhance
their wide-area monitoring in order to be able to provide early
warning of the presence of CBRN material as well as a full range of
CBRN threats, and our solutions are best placed to provide them
with this capability."
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Paul Farquhar, CFO +44 (0)1740 626 060
Cenkos Securities plc (Nominated Adviser and
Broker)
Camilla Hume/Giles Balleny (NOMAD)
Julian Morse (Sales) +44 (0)20 7397 8900
Luther Pendragon (Financial PR)
Harry Chathli/Claire Norbury +44 (0)20 7618 9100
About Kromek Group plc
Kromek Group plc is a leading developer of radiation detection
and bio-detection technology solutions for the advanced imaging and
CBRN detection segments. Headquartered in County Durham, UK, Kromek
has manufacturing operations in the UK and US, delivering on the
vision of enhancing the quality of life through innovative
detection technology solutions.
The advanced imaging segment comprises the medical (including CT
and SPECT), security and industrial markets. Kromek provides its
OEM customers with detector components, based on its core cadmium
zinc telluride (CZT) platform, to enable better detection of
diseases such as cancer and Alzheimer's, contamination in
industrial manufacture and explosives in aviation settings.
In CBRN detection, the Group provides nuclear radiation
detection solutions to the global homeland defence and security
market. Kromek's compact, handheld, high-performance radiation
detectors, based on advanced scintillation technology, are
primarily used to protect critical infrastructure and urban
environments from the threat of 'dirty bombs'.
The Group is also developing bio-security solutions in the CBRN
detection segment. These consist of fully automated and autonomous
systems to detect a wide range of airborne pathogens.
Kromek is listed on AIM, a market of the London Stock Exchange,
under the trading symbol 'KMK'.
Further information is available at www.kromek.com .
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