Approved for Public Release, Distribution Unlimited
22 February 2016
Kromek Group plc
("Kromek" or the "Company")
Kromek Signs Second contract with DARPA
US defence agency appoints Kromek as sole source supplier under SIGMA programme to deliver D3S detectors in mass volume
Further to the announcement of 8 October 2015, Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, announces that the Defense Advanced Research Projects Agency (DARPA), an agency of the U.S. Department of Defense, has confirmed the award of a sole source contract to Kromek to supply spectroscopic personal radiation detectors (D3S) in support of DARPA's SIGMA programme. The contract also includes an additional award for an accessory for the D3S. The total value of the contract is $6.0m with delivery commencing immediately.
Under the terms of the contract, Kromek will deliver the D3S detectors during the current and next financial year and will also supply up to 12,000 Inductive Charging packs for D3S detectors and associated mobile devices over the same period. The Inductive Charging pack has an innovative deployable capability for high volume daily usage of the detectors and the methodology for both charging and recalibrating where necessary.
Arnab Basu, Chief Executive Officer of Kromek, said: "The D3S is the world's first fully approved combined gamma and neutron detector available in volume shipment and at a market leading unit price of $400, which is also available to other user organisations buying over 10,000 detectors in a single procurement. It is a significant breakthrough for us and we are pleased to have achieved the technological advancement that has enabled DARPA to be ahead of their own original programme performance expectations. We look forward to successfully delivering on the contract."
Enquiries:
Kromek Group plc |
01740 626 060 |
Arnab Basu, CEO Derek Bulmer, CFO |
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Cenkos Securities plc |
0207 397 8900 |
Bobbie Hilliam (NOMAD) Julian Morse, Michael Johnson (Sales) |
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Luther Pendragon Ltd |
0207 618 9100 |
Harry Chathli, Claire Norbury, Alexis Gore |
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