NETPark based Kromek win $1.6m contract for radiation detection equipment

County Durham technology company Kromek has announced a $1.6m contract to provide radiation detection equipment to a US Government organisation.

The NETPark firm’s wearable nuclear radiation detector is designed to enable first responders, armed forces, border security and other staff to detect threats.

The order will be delivered over two years, with Kromek saying that its isotope identification devices are among the fastest and most accurate pieces of equipment on the market.

It is the latest significant contract win from a US federal organisation for the North East company, which is rated one of the most innovative businesses in the country but has been battling to translate its scientific expertise into profit.

Dr Arnab Basu, CEO of Kromek, said: “We’re pleased to have received this order from the United States. It is testament to the ingenuity and innovation of our company in delivering world-leading capabilities.

“Only last month there was an incident in France of a student building a dirty bomb with uranium oxide bought online. This case highlights both the pervasiveness and accessibility of such dangers and the need for constant monitoring.

“Networked solutions such as our D3S platform, which is continuously scanning in real-time, provides security authorities with an early warning system for potential threats, enabling a more effective response.”

“The D3S-ID nuclear radiation detector provides a comprehensive and cost-effective solution for the detection of nuclear threats.

“With global defence and security spend on the rise around the world in response to volatile international relations, we expect to receive further orders for our nuclear security products, contributing to our significant anticipated revenue growth for this year and our pipeline for the years ahead.

News source: Business Live.

Kromek CEO Arnab Basu

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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.

Dr Arnab Basu, - CEO, Kromek

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.

Ken Williamson, - COO, PragmatIC Printing

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.

Stuart Wilson, - CEO, Ascarii

The quality of the facilities at NETPark and the attitude of staff is first class. It has a really dynamic, innovative atmosphere.

Dr Neil Loxley, - Chief executive, IBEX

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.

Steve Clements, - Managing Director, aXenic

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.

Dr Jon Helliwell, - Director of Printable Electronics, CPI
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