Kromek

Sedgefield-based Kromek Group plc has announced a contract worth $17m to provide its detection capabilities to a US-based company with an international customer base.

The contract will be delivered over seven years, beginning in the current financial year.

The contract was awarded following the successful progression of a development program announced in November 2020. Under this program, Kromek provided a cadmium zinc telluride (CZT) based detector solution for incorporation into the company’s systems for identifying contaminants during production processes for the purpose of product quality inspection. CZT detectors enable higher quality of imaging with the ability for more accurate and reliable identification of materials.

Kromek is a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, it currently exports to around 55 countries.

Dr Arnab Basu, chief executive of Kromek, said:

“We are delighted at the success of our collaboration with our customer who has substantial global operations and market share in this sector.

“Our customer is dedicated to introducing best-of-breed solutions in their next-generation products to ensure we can live healthier and safer lives. We anticipate developing further products for this customer to support their ambitions.”

Kromek is a technology company based at NetPark in Sedgefield, County Durham. Founded in 2003 as a spin-out from the University of Durham, it currently employs over 150 worldwide and around 90 people at its North East headquarters. The company’s mission is to save lives and enhance quality of lives using advanced detection solutions.

ENDS

CONTACT: JOSH MASON 01325 363436

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 150 full-time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.