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
Company
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
The machine is automatic and doesn't need a professional to be present, nor to send samples to a lab
Hardware & electrical equipment
The new contract, awarded by the US Defense Advanced Research Projects Agency, carries a price tag of around US$6mln
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Among new customers won during the period was a US government agency
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"We now have over 90% visibility of our full year revenues, because of contracts we have built up"
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"We are delighted to have been designed into another product in the nuclear detection market," said Arnab Basu, Kromek's CEO
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"These latest orders reflect the beginning of the return to normal business activities as our customers increasingly resume commercial activity"
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“This investment will help us with our next phase of growth and to become cash flow positive and achieve operational profitability.
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Hardware & electrical equipment
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
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
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The customer is a company that works with a European government to detect and protect against potential nuclear threats
Archive
The supplier of MSAR® emulsion technology and fuels, a low-cost, cleaner alternative to heavy fuel oil announced the publication of a White Paper detailing the potential economic and environmental benefits of the implementation of MSAR® tec
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The D5 RIID device is designed for military, homeland security and industrial use
Hardware & electrical equipment
Kromek has secured another leading OEM customer with substantial global operations.
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Farquhar has almost 30 years' experience as a finance director and chief financial officer, primarily for international businesses
Hardware & electrical equipment
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
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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
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Two key customers whose material contracts were postponed from the previous year have now issued instructions to recommence
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Banquet BuffetPhysiomics* 3.9p £2.8m (AIM:PYC)Physiomics completes over-subscribed £0.83m (gross) fundraise to fund growth opportunities at 3.5p. On 3 March 2020, the Company announced, as part of its unaudited interim results statement,
Hardware & electrical equipment
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