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Kromek awarded 'most innovative' in the country

It topped the 2016 Intellectual Property League Table
Kromek awarded 'most innovative' in the country
Chief executive Arnab Basu

Kromek Group PLC (LON:KMK) was named as the most innovative in country after it topped intellectual property rankings.

The Sedgefield radiation detection specialist – a spin-out from Durham University-  was selected as the most innovative firm in the country.

It topped the 2016 Intellectual Property League Table, which lists the top 100 UK firms according to the number of patents they possess.

The company has over 247 patents covering medical, nuclear, and security industries, and has secured a series of lucrative contracts in recent years including its most recent deal – a £4m contract with a US defence agency for “dirty bomb” detectors – and its bottle scanner is now installed in 46 airports in 10 countries.

The league table listing for Kromek comes after the business was commended for its outstanding performance by the US defence agency for its work on the SIGMA programme.

The IP League Table profiles and ranks innovative companies within the UK’s private sector, highlighting those which have significantly invested in their IP in the form of IP creation, IP management policies, R&D activities and IP commercialisation.

Shares dipped 3% to 31p. 

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