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Kromek lands £1.4m EU order

Published 25/01/2024, 08:12
Kromek lands £1.4m EU order

Proactive Investors - Kromek Group PLC (LON:KMK), a developer of radiation and bio-detection technology, has secured an order worth over £1.4 million to supply D3M detectors for the European Union's rescEU stockpile.

This initiative by the European Commission aims to enhance EU preparedness against chemical, biological, radiological and nuclear (CBRN) threats.

The order, fully funded by the EU through the Directorate-General for European Civil Protection and Humanitarian Aid Operations, is expected to contribute to the company's revenues within the current financial year.

"Amid increasingly fraught and volatile global relations, the need for sovereign nations to prepare for emerging risks has never been more important," said chief executive Arnab Basu.

"We are pleased to be able to contribute positively to global efforts to safeguard citizens against possible threats, accidental or deliberate.

"This latest order for Kromek's D3M line of detectors is another endorsement of our world-leading technology, which is amongst the most versatile and sensitive available, offering real-time data of any potential nuclear threat so that decision making can be rapid and responses can be co-ordinated effectively."

Read more on Proactive Investors UK

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