December 27, 2014 7:41 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Kromek Group plc

Company Overview

Kromek Group plc designs, develops, and produces x-ray and gamma-ray imaging, and radiation detection products for medical, security screening, and nuclear markets in the United Kingdom, North America, Asia, Europe, and Australasia. The company’s nuclear detection products include Kromek GR1, a gamma ray spectrometer; GR1-A, a USB-powered gamma spectrometer; SIGMA, a technology platform of scintillator products; TN15, a sensitivity thermal neutron detector; RadAngel, a personal radiation detector; MultiSpect spectrometry software; and Quant for GR1, a solution for measuring the activity of radionuclides. Its nuclear detection products also comprise RadAngel for Schools, a portable gamma-ray ...

NETPark

Thomas Wright Way

Sedgefield,  TS21 3FD

United Kingdom

Founded in 2003

105 Employees

Phone:

44 1740 626060

Fax:

44 1740 626061

Key Executives for Kromek Group plc

Chief Executive Officer and Executive Director
Age: 41
Total Annual Compensation: $177.0K
Chief Financial Officer
Age: 48
Total Annual Compensation: $48.0K
Compensation as of Fiscal Year 2014.

Kromek Group plc Key Developments

Kromek Announces Nuclear Detection Market Contract Extension with Leading Global Security Company

Kromek announced that it has been awarded a $1.0 million contract extension by a leading global security company providing innovative systems, products and solutions to government and commercial customers worldwide. This follows the successful completion of the first phase for the design of Cadmium Zinc Telluride based detectors and ASIC for nuclear safeguard markets. Under the terms of the contract for this second phase, Kromek will focus on the delivery of the new ASIC and detectors as well as the testing and characterization of detector modules. The Company expects to deliver this over the next 12 months. Additionally, the Company has been awarded several new contracts, worth approximately £0.7 million in aggregate with £0.4 million realisable in the current financial year, for applications across the Company's three segments.

Kromek Progresses to Second Year of Development Contract with Global OEM in CT Medical Imaging Markets

Kromek announced that a top four Original Equipment Manufacturer in the Computed Tomography market has confirmed its decision to progress to the second year of a previously announced programme with the Company. Kromek has received a $1 million exclusivity payment for the second year. This payment is part of a programme that comes under Kromek's mutually exclusive development contract, worth up to $5.3 million, with the OEM for developing and supplying Cadmium Zinc Telluride based multispectral (colour) detectors for producing high resolution colour X-Ray images by CT scanners. The decision to continue the programme for the second year was based on sustained progress towards meeting the aims of the development programme.

Kromek Group plc, Annual General Meeting, Oct 01, 2014

Kromek Group plc, Annual General Meeting, Oct 01, 2014., at 10:00 GMT Standard Time. Location: Company's head office, NETPark.

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