Kromek Group PLC Nuclear security contract from US federal entity (6823M)
23 Septembre 2021 - 08:00AM
UK Regulatory
TIDMKMK
RNS Number : 6823M
Kromek Group PLC
23 September 2021
23 September 2021
Kromek Group plc
("Kromek" or the "Group")
Kromek receives D3S-ID 'dirty bomb' detector contract from US
federal entity
Kromek (AIM: KMK), a worldwide supplier of detection technology
focusing on the medical, security screening and nuclear markets,
announces that it has received a contract worth up to $1.6m from a
US federal entity for the Group's D3S-ID wearable nuclear radiation
detector that is designed to enable first responders, armed forces,
border security and other CBRN experts detect radiological threats.
The contract will be delivered over two years commencing
immediately.
The D3S-ID is a wearable gamma neutron RIID (radioisotope
identification device) that is continuously scanning to identify
radioisotopes and detect neutrons in real time. The Group believes
that it is one of the fastest and most accurate isotope
identification devices in its class on the market. It 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. Kromek's D3S platform
- comprising the Group's range of D3S products - is widely deployed
as a networked solution to protect cities, buildings or critical
infrastructure.
Dr Arnab Basu, CEO of Kromek, said:
"We're pleased to have received this contract from a US federal
entity for our D3S-ID nuclear radiation detector that provides a
comprehensive but cost-effective solution for the detection of
nuclear threats.
"Only last month there was an incident in France of a student
building a dirty bomb with uranium oxide bought on a widely used
online platform. This case highlights both the pervasiveness and
accessibility of such dangers and the need for constant monitoring.
Solutions such as our D3S platform, which is continuously scanning
in real time, provides security authorities with an early warning
system for potential threats, enabling a more effective
response.
"With global defence and security spend on the rise around the
world in response to volatile international relations, we expect to
receive further orders for our nuclear security products,
contributing to our significant anticipated revenue growth for this
year and our pipeline for the years ahead."
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 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.
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END
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