REG - Kromek Group PLC - Kromek selected for UK Government Framework

KromekAnnouncement

23/09/2024 07:00

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RNS Number : 1396F  Kromek Group PLC  23 September 2024

23 September 2024

 

Kromek Group plc

("Kromek" or the "Group")

 

Kromek selected for UK Government Radiological Nuclear Detection Framework

 

Kromek (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 been selected as a supplier under the UK
Government's Radiological Nuclear Detection Framework (the "Framework") for
the procurement of radiological nuclear ("RN") detection equipment and
supporting services for the Home Office.

 

The Framework was established to co-ordinate the RN detection procurement
requirements and capabilities of the Home Office, Counter Terrorism Police and
other public bodies to support Home Office strategic aims and to deliver
enhancements to the UK's end-to-end system for domestic nuclear security.
Kromek applied for three of the four Framework categories, covering the supply
of handheld, wearable and large volume static radiation detectors, and was
successfully approved and awarded a Framework contract. Accordingly, Kromek is
pre-qualified to be selected for orders in these categories, which over the
four-year term of the Framework have a combined maximum procurement value of
£84 million. The Group will provide further updates as and when there is
progress in respect of any contracts within these three Framework categories.

 

Arnab Basu, CEO of Kromek, said: "We are delighted to have become one of the
few companies approved for the supply of radiological nuclear detection
equipment under this important Home Office initiative. We have been providing
our detectors to the UK government for several years and it is great to see
the continued expansion of programmes that will enhance the UK's protection
against radiological threats. Alongside our recent selection under the UK
Government Resilience Framework for supplying emergency services operators and
our contract award from the Ministry of Defence, we are experiencing excellent
momentum in this area of our business and we look forward to reporting on
further progress."

 

 

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 - 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, 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 defense 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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