Kromek Group PLC Award of GBP5m bio-threat contract by UK Government (5259G)
November 16 2022 - 1:00AM
UK Regulatory
TIDMKMK
RNS Number : 5259G
Kromek Group PLC
16 November 2022
16 November 2022
Kromek Group plc
("Kromek" or the "Group")
Kromek awarded GBP5m biological threat-detection contract by UK
Government Department
Three-year contract awarded for development and supply of
bio-detection system
Kromek Group plc (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 secured
a contract with a UK Government department to develop and supply
biological threat detection systems.
Under the terms of the contract, Kromek will commence work in
December for a three-year programme worth GBP4.9m. The contract
also includes an option for extended maintenance services after the
initial term.
Arnab Basu, CEO of Kromek Group, said: "We are delighted to have
been awarded this contract to develop and supply an important
capability for biological threat detection. The pandemic has
demonstrated the impact of biological incidents - whether it is
through an act of terror or naturally emerging threats. Governments
throughout the world are reviewing their strategies to update their
defence against such threats. We believe technologies that can
provide information about emerging threats in near real time will
be a critical component of such strategies."
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Paul Farquhar, CFO +44 (0)1740 626 060
finnCap Ltd (Nominated Adviser and Broker)
Geoff Nash/Seamus Fricker/George Dollemore
- Corporate Finance
Tim Redfern/Charlotte Sutcliffe - ECM +44 (0)20 7220 0500
Gracechurch Group (Financial PR)
Harry Chathli, Claire Norbury +44 (0)20 4582 3500
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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