Kromek Group PLC Kromek Secures $0.8m Order for D3S ID (0147M)
January 09 2023 - 2:00AM
UK Regulatory
TIDMKMK
RNS Number : 0147M
Kromek Group PLC
09 January 2023
9 January 2023
Kromek Group plc
("Kromek" or the "Group")
Kromek Secures $0.8m Order for D3S ID
Repeat order from US government customer for wearable nuclear
radiation detector
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 repeat order, worth $0.8m, from a US government customer for its
D3S ID wearable nuclear radiation detector. Delivery and revenue
recognition is expected to occur in the Group's current financial
year.
D3S ID gamma neutron detector
The D3S ID gamma neutron detector is a wearable Radiation
Isotope Identifier ("RIID") designed for first responders, armed
forces, border security and other CBRN experts. Unlike a
conventional RIID, it is a pocket-sized device and is small and
light enough to be wearable and concealable. It can recognise
isotopes and neutrons in seconds and is designed to detect
radiological threats like dirty bombs, radioactive contamination,
smuggling of radioactive substances and radiation at the scene of
an accident or terrorist attack.
Arnab Basu, CEO of Kromek Group, said: "This repeat order
affirms the importance of our nuclear radiation detection
technology and the strength of our relationship with our US
governmental customers. We are continuing to see heightened
interest in our CBRN solutions, particularly from governments, and
expect this momentum to be sustained given the ongoing challenges
in the geopolitical environment."
ENDS
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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END
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