REG - Kromek Group PLC - Further agreement with Smiths Detection

KromekAnnouncement

19/12/2022 07:00

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RNS Number : 0775K  Kromek Group PLC  19 December 2022

19 December 2022

Kromek Group plc

("Kromek" or the "Group")

 

Kromek enters further agreement with Smiths Detection

Significant expansion of agreement to include distribution of Kromek's
radiation detection solutions in the Middle East and certain markets in Asia
and Australasia

 

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 entered into a distribution
agreement with Smiths Detection, a global leader in threat detection and
security screening technologies.

 

Under the terms of the agreement, Smiths Detection will market and distribute
the Group's wearable radiation detection and identification solutions in the
Middle East and certain key markets in Asia and Australasia. This expands the
Group's existing agreement, as announced on 7 July 2022, with Smiths Detection
Inc. for distribution in North and South American markets. To date, the Group
has delivered over 1,000 detectors under this partnership.

 

Arnab Basu, CEO of Kromek Group, said: "We are pleased to be expanding our
agreement with Smiths Detection to include the distribution and marketing of
our solutions to the Middle East and parts of Asia and Australasia. This
underscores the strength of our relationship and is a great endorsement of our
products. With security forces globally requiring increasingly sophisticated
solutions to guard against the threats of nuclear terrorism and the illicit
movement of materials, the demand for our high-performance nuclear security
products continues to grow."

 

Michael Lea, Global Director Defence of Smiths Detection, added "Smiths
Detection are delighted to have entered into an agreement with Kromek to
distribute their world-class products. We believe that they will meet the
requirements of many customers across many different markets and will add a
new dimension to the range of products available from Smiths Detection."

 

 

ENDS

 

For further information, please contact:

 

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

 Paul Farquhar, CFO

 finnCap Ltd (Nominated Adviser and Broker)                         
 Geoff Nash/Seamus Fricker/George Dollemore - Corporate Finance    +44 (0)20 7220 0500

 Tim Redfern/Charlotte Sutcliffe - ECM

 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 (http://www.kromek.com/)
.

 

 

 

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