Kromek Group PLC Kromek receives Queen's Award

TIDMKMK

Kromek Group PLC

21 April 2020

21 April 2020

Kromek Group plc

("Kromek" or the "Group")

Kromek receives Queen's Award for International Trade

Kromek (AIM: KMK), a worldwide supplier of detection technology focusing on the medical, security screening and nuclear markets, is delighted to announce that it has received a Queen's Award for Enterprise in recognition of its outstanding contribution to International Trade.

The Queen's Awards are the most prestigious awards for UK business, designed to recognise and encourage achievements in the fields of Innovation, International Trade, Sustainable Development and Promoting Opportunity (through social mobility).

Kromek has been recognised in the International Trade category for its outstanding growth in overseas sales. In the three years to 30 April 2019, Kromek's non-UK sales grew by 52% to make up 84% of all sales. From its headquarters in Sedgefield, County Durham, Kromek exports its radiation detection technologies and products around the globe to over 40 countries in Europe, North America, Asia and Australasia.

Dr Arnab Basu, CEO of Kromek, said: "It is an honour to receive this prestigious award following a period of significant international growth for Kromek. We have secured contracts worth millions of pounds through our deepened relationships with governments and companies worldwide. This has been made possible by the fantastic achievements of our team based on their hard work, innovative skills and commercial focus. It is also recognition of the strength of our market-leading radiation detection products and technologies, which enable us to continue to successfully expand our footprint around the globe."

For further information, please contact:

 
 Kromek Group plc 
 Arnab Basu, CEO 
  Derek Bulmer, CFO                          [phone] 
 Cenkos Securities plc (Nominated Adviser 
  and Broker) 
 Max Hartley (NOMAD) 
  Julian Morse (Sales)                       [phone] 
 Luther Pendragon (PR) 
 Harry Chathli 
  Claire Norbury 
  Alexis Gore 
  Joe Quinlan                                [phone] 
 

About Kromek Group plc

Kromek Group plc is a technology group (global HQ in County Durham) and a leading developer of high performance radiation detection products based on cadmium zinc telluride ("CZT") and other advanced technologies. Using its core technology platforms, Kromek designs, develops and produces x-ray and gamma ray imaging and radiation detection products for the medical, security screening and nuclear markets.

The Group's products provide high resolution information on material composition and structure and are used in multiple applications, ranging from the identification of cancerous tissues to hazardous materials, such as explosives, and the analysis of radioactive materials.

The Group's business model provides a vertically integrated technology offering to customers, from radiation detector materials to finished products or detectors, including software, electronics and application specific integrated circuits ("ASICs").

The Group has operations in the UK and US (California and Pennsylvania), and is selling internationally through a combination of distributors and direct OEM sales.

Currently, the Group has over one hundred full-time employees across its global operations. Further information on Kromek Group is available at www.kromek.com and https://twitter.com/kromekgroup.

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April 21, 2020 02:00 ET (06:00 GMT)