Kromek Group PLC Kromek receives Queen's Award
April 21 2020 - 2:00AM
RNS Non-Regulatory
TIDMKMK
Kromek Group PLC
21 April 2020
21 April 2020
Kromek Group plc
("Kromek" or the "Group")
Kromek receives Queen's Award for International Trade
Kromek (AIM: KMK), a worldwide supplier of detection technology
focusing on the medical, security screening and nuclear markets, is
delighted to announce that it has received a Queen's Award for
Enterprise in recognition of its outstanding contribution to
International Trade.
The Queen's Awards are the most prestigious awards for UK
business, designed to recognise and encourage achievements in the
fields of Innovation, International Trade, Sustainable Development
and Promoting Opportunity (through social mobility).
Kromek has been recognised in the International Trade category
for its outstanding growth in overseas sales. In the three years to
30 April 2019, Kromek's non-UK sales grew by 52% to make up 84% of
all sales. From its headquarters in Sedgefield, County Durham,
Kromek exports its radiation detection technologies and products
around the globe to over 40 countries in Europe, North America,
Asia and Australasia.
Dr Arnab Basu, CEO of Kromek, said: "It is an honour to receive
this prestigious award following a period of significant
international growth for Kromek. We have secured contracts worth
millions of pounds through our deepened relationships with
governments and companies worldwide. This has been made possible by
the fantastic achievements of our team based on their hard work,
innovative skills and commercial focus. It is also recognition of
the strength of our market-leading radiation detection products and
technologies, which enable us to continue to successfully expand
our footprint around the globe."
For further information, please contact:
Kromek Group plc
Arnab Basu, CEO
Derek Bulmer, CFO +44 (0)1740 626 060
Cenkos Securities plc (Nominated Adviser
and Broker)
Max Hartley (NOMAD)
Julian Morse (Sales) +44 (0)20 7397 8900
Luther Pendragon (PR)
Harry Chathli
Claire Norbury
Alexis Gore
Joe Quinlan +44 (0)20 7618 9100
About Kromek Group plc
Kromek Group plc is a technology group (global HQ in County
Durham) and a leading developer of high performance radiation
detection products based on cadmium zinc telluride ("CZT") and
other advanced technologies. Using its core technology platforms,
Kromek designs, develops and produces x-ray and gamma ray imaging
and radiation detection products for the medical, security
screening and nuclear markets.
The Group's products provide high resolution information on
material composition and structure and are used in multiple
applications, ranging from the identification of cancerous tissues
to hazardous materials, such as explosives, and the analysis of
radioactive materials.
The Group's business model provides a vertically integrated
technology offering to customers, from radiation detector materials
to finished products or detectors, including software, electronics
and application specific integrated circuits ("ASICs").
The Group has operations in the UK and US (California and
Pennsylvania), and is selling internationally through a combination
of distributors and direct OEM sales.
Currently, the Group has over one hundred full-time employees
across its global operations. Further information on Kromek Group
is available at www.kromek.com and
https://twitter.com/kromekgroup.
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END
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