REG - Kromek Group PLC - Collaboration agreement with new CT partner

KromekAnnouncement

07/11/2023 07:00

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RNS Number : 5662S  Kromek Group PLC  07 November 2023

7 November 2023

 

Kromek Group plc

("Kromek" or the "Company" or the "Group")

 

Collaboration agreement with new CT technology partner

Kromek and global technology solutions provider to develop next-generation CT
detector technology

 

Kromek Group plc (AIM: KMK), a leading developer of radiation and
bio-detection technology solutions for the advanced imaging and CBRN detection
segments, announces that it has entered into a collaboration agreement with a
new partner to develop Cadmium Zinc Telluride ("CZT") based detectors for
photon counting computed tomography applications in the medical imaging
sector.

 

The new blue-chip partner is a technology solutions provider to over 100,000
customers globally for a range of applications, including healthcare.

 

As part of the collaboration, Kromek will integrate its CZT sensors with the
partner's read-out electronics to ensure optimal computed tomography ("CT")
detection system performance. As the project progresses towards
commercialisation, the Group will ensure production capability is available to
support commercial demand ramp-up.

 

Arnab Basu, CEO of Kromek, said: "At Kromek, we have a strong track record of
teaming up with leading global technology partners to advance new imaging
solutions. Our CZT-based products are the enabling technology in ultra
high-resolution systems. These systems provide clinicians with greater image
quality that leads to earlier diagnosis, better patient outcomes and
ultimately saves lives. We look forward to working with this new blue-chip
partner to make another important advancement in medical imaging technology."

 

 

For further information, please contact:

 

 Kromek Group plc
 Arnab Basu, CEO                                                        +44 (0)1740 626 060

 Paul Farquhar, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)        
 Geoff Nash/Giles Balleny/Seamus Fricker - Corporate Finance            +44 (0)20 7220 0500

 Tim Redfern/Charlotte Sutcliffe - ECM

 Michael Johnson/Tamar Cranford-Smith - Sales

 Gracechurch Group (Financial PR)
 Harry Chathli/Claire Norbury/Henry Gamble                              +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 and
solid-state readout technology, are primarily used to protect critical
infrastructure, events, personnel 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'.

 

 

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