North East firm Kromek secures $1.8m funding from US Defense Threat Reduction Agency
Radiation detection company Kromek has been awarded $1.8m of funding from a US defence agency to develop new technology.
The North East firm based at NETPark has been awarded the contract by the US Defense Threat Reduction Agency (DTRA), which is part of the US Department of Defense.
Under the two-year deal, Kromek will be tasked with developing a next-generation Radionuclide Identification Device – which can detect nuclear material – to meet military challenges.
Dr Arnab Basu, CEO of Kromek, said: “We are seeing considerable traction for our D3S radiation detectors as they continue to prove their efficacy in the security markets globally.
“This project with the DTRA highlights the versatility of our technology platform as we develop a ruggedised device capable of identifying radioactive threats in a military environment.
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The proximity to the universities and the infrastructure are very important factors. Ultimately having a presence in Europe is very valuable to us and we intend to stay at NETPark for many years to come.
The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.
Access to quality facilities was one of the main drivers for deciding to locate the business at the NETPark. We have been able to use this as a launch pad to link into support from CPI and world-class expertise from Durham University.
It fits perfectly for us that we’re surrounded by like-minded companies at NETPark. There are a number of highly skilled people in the area who can help us grow our business. The facilities and services offered by NETPark are first class, they make office life simple and engaging.
We initially came because of the printable electronics centre but access to a highly skilled semi conductor workforce in the North East has been a key factor in us staying and growing here, as well as the value for money office space and the access to funding.
CPI has developed a specialist offering to support SMEs looking to develop their printable electronics applications and our partnership with Business Durham has been instrumental in attracting several SMEs to locate here in the region.