Company
Kromek Group PLC
LON:KMK
Kromek Group PLC provides design and high-volume supply of both hardware and software of CZT solid-state radiation detectors and scintillation radiation detector components and finished products. The company supplies the medical OEM, civil nuclear and security sectors. Kromek manufactures in both the UK and the US, supplying worldwide through direct sales and a network of distributors and resellers.
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Hardware & electrical equipment
Kromek extends distribution agreement with Smiths Group
To date, the group has delivered over 1,000 detectors under the partnership
Hardware & electrical equipment
Kromek to benefit further from unsettled world, reckons broker
The broker has maintained its forecasts and 27p target price
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Hardware & electrical equipment
Kromek says awarded £1.5mln radiation detection contracts from Europe
Both contracts are to supply European government end-users
Hardware & electrical equipment
Kromek's bio-threat contract underpins forecasts, broker says
“For 2024 and 2025 it provides added clarity to forecasts, with a more visible build of revenues and profits over each year.”
Hardware & electrical equipment
Kromek wins £5mln bio-threat contract from UK government
Work commences in December on the three-year programme
Hardware & electrical equipment
Kromek wins US nuclear security contract; sees 45% revenue growth in first half
The repeat order from a US customer is for Kromek's D3M wearable radiation detector
Hardware & electrical equipment
Kromek says key customer launches world's first digital SPECT/CT scanner for higher energy imaging using its digital detectors
Based on Spectrum Dynamics' digital SPECT/CT platform, VERITON-CT 400 Series' detector technology provides the benefits of increased sensitivity and throughput for Nuclear Medicine clinical applications using up to 400keV high-energy isotop
Hardware & electrical equipment
Kromek raises £1.14mln in loan note issue
This brings the total of new funds raised via convertible loan notes to £2.84mln following the £1.7mln fundraising announced earlier this month
Hardware & electrical equipment
Kromek Group completes £1.7mln fundraising
The radiation and bio-detection technology specialist has done so via a convertible loan note
Hardware & electrical equipment
Kromek revenues grow as geo-political tensions drive demand
"For FY 2023 we anticipate substantial year-on-year revenue growth and we look forward to the future with increased confidence, "chief executive Dr Arnab Basu said
Hardware & electrical equipment
Kromek inks distribution deal for its wearable radiation detectors with Smiths Detection
“Our wearable D3 and D5 family of products are closely aligned to the needs of Smiths Detection's customer base and complement their existing product offering," said Kromek CEO Arnab Basu
Hardware & electrical equipment
Kromek wins repeat order for wearable nuclear radiation detector
"Being awarded a repeat order for this product from this important customer is a great endorsement," said chief executive Arnab Basu
Hardware & electrical equipment
Kromek expecting accelerated top-line growth as it clears backlog of orders
Kromek has the highest level of revenue visibility it has ever had at the start of a financial year
Hardware & electrical equipment
Kromek lands £1.7mln contract from UK govt-related customer
"We are pleased to have received this new contract from this long-standing customer,” said chief executive Dr Arnab Basu.
Hardware & electrical equipment
Kromek confident of second half upturn as supply disruptions ease
Meeting expectations would represent "our highest ever full-year revenue with growth in both segments".
Hardware & electrical equipment
Kromek rises after securing seven-year supply agreement
"We are delighted at the success of our collaboration with our OEM customer who has substantial global operations and market share in this sector," said Dr Arnab Basu, the CEO of Kromek
Hardware & electrical equipment
Kromek ‘materially undervalued', says City broker after rival's takeover
Cenkos Securities carried out its "read-across" analysis in the wake of Canon's acquisition of Redlen Technologies
Kromek wins US$1.6mln contract for nuclear radiation detector
The product is designed to help first responders, armed forces, border security and other defence experts detect radiological threats
Hardware & electrical equipment
Kromek targets record annual revenues after securing new contracts
Many of Kromek's customers are returning to pre-pandemic trading patterns
Hardware & electrical equipment
Kromek trials machine that ‘sniffs out’ COVID-19 particles
The machine is automatic and doesn't need a professional to be present, nor to send samples to a lab
Hardware & electrical equipment
Kromek secures new contract for bio-threat detection system
The new contract, awarded by the US Defense Advanced Research Projects Agency, carries a price tag of around US$6mln
Hardware & electrical equipment
Positive trading update from Kromek Group
Among new customers won during the period was a US government agency
Hardware & electrical equipment
Kromek Group confident of accelerating top-line growth
"We now have over 90% visibility of our full year revenues, because of contracts we have built up"
Hardware & electrical equipment
Kromek Group secures radiation technology contract
"We are delighted to have been designed into another product in the nuclear detection market," said Arnab Basu, Kromek's CEO
Hardware & electrical equipment
Kromek picks up US$750,000 of orders and raises £3mln via open offer
"These latest orders reflect the beginning of the return to normal business activities as our customers increasingly resume commercial activity"
Hardware & electrical equipment
Kromek to raise £13mln for bio-hazard detector push
“This investment will help us with our next phase of growth and to become cash flow positive and achieve operational profitability.
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Hardware & electrical equipment
Kromek secures funding to develop airborne virus detection solution
The company said the £1.2mln programme, funded by Innovate UK, is to design a system primarily designed to test for the presence of the virus that causes coronavirus
Hardware & electrical equipment
Kromek elevates COO to executive director, appoints new chairman designate
Berry Beumer, who initially joined the group as COO in 2015, will join the board with immediate effect, while Rakesh Sharma will become chairman after incumbent Sir Peter Williams retires on January 1
Hardware & electrical equipment
Kromek awarded two contract extensions for nuclear terrorism detection
The customer is a company that works with a European government to detect and protect against potential nuclear threats
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Hardware & electrical equipment
Kromek launches world's smallest high performance radioisotope identification device
The D5 RIID device is designed for military, homeland security and industrial use
Hardware & electrical equipment
Kromek signs up another global original equipment manufacturer
Kromek has secured another leading OEM customer with substantial global operations.
Hardware & electrical equipment
Kromek announces appointment of Paul Farquhar as its chief financial officer with effect from November 2, 2020
Farquhar has almost 30 years' experience as a finance director and chief financial officer, primarily for international businesses
Hardware & electrical equipment
Kromek CZT detectors to be used in medical imaging during cancer surgery
The detection specialist is working with medical imaging firm Adaptix and the University of Manchester to develop a pathology cabinet that will provide 3D images offering accurate differentiation between cancerous and healthy tissue
Hardware & electrical equipment
Kromek announces appointment of former FTSE 250 CEO Rakesh Sharma as a non-executive director
Having joined Ultra Electronics at its formation in 1993, Sharma presided over significant revenue and profit growth across multiple director-level and divisional roles, including in North America, latterly serving for six years as CEO
Hardware & electrical equipment
Kromek sees business patterns returning to normal
Two key customers whose material contracts were postponed from the previous year have now issued instructions to recommence
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Hardware & electrical equipment
Kromek jumps on award of DARPA contract extension
The new deal, worth up to US$5.2mln, will see Kromek perform further work on its mobile wide-area bio-surveillance system capable of detecting airborne pathogens