Kromek Group (KMK)

Sector:

Health Care

Index:

FTSE AIM All-Share

6.20p
   
  • Change Today:
    -0.100p
  • 52 Week High: 8.00
  • 52 Week Low: 3.25
  • Currency: UK Pounds
  • Shares Issued: 641.02m
  • Volume: 1,195,521
  • Market Cap: £39.74m
  • RiskGrade: 527

Kromek wins $2m threat-detection contract with US DoD

By Duncan Ferris

Date: Monday 10 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Kromek was on Monday awarded its first contract for biological-threat detection by the Defense Advanced Research Projects Agency (DARPA), an agency of the US Department of Defense.
The detection technology supplier said that the contract, which is worth $2.0m over a twelve-month period and commences immediately, is to develop a proof-of-concept device for a vehicle-mounted biological-threat identifier and builds on the success of Kromek's work with DARPA in nuclear-threat detection.

Following the initial twelve-month period, the contract could potentially be extended to a multi-year contract for the development of a fully deployable system.

Arnab Basu, chief executive of Kromek, said: "As the SIGMA programme has begun transitioning to the US Department of Homeland Security, DARPA is turning its focus to add the next generation of biological-threat detection systems."

The project is intended to ensure quicker responses and reduced harm to both people and the environment in the instance of a biological attack, by reducing the time taken to detect an attack and identify specific pathogens.

"We are delighted to be awarded this additional contract from DARPA, as it expands our relationship with them and broadens our expertise into biological threat detection, adding to our radiological and nuclear threat detection capabilities," said Basu.

Kromek's shares were up 3.92% at 26.50p at 1129 GMT.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Kromek Group Market Data

Currency UK Pounds
Share Price 6.20p
Change Today -0.100p
% Change -1.59 %
52 Week High 8.00
52 Week Low 3.25
Volume 1,195,521
Shares Issued 641.02m
Market Cap £39.74m
RiskGrade 527

Kromek Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.15% above the market average9.15% above the market average9.15% above the market average9.15% above the market average9.15% above the market average
6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average6.25% below the sector average
Price Trend
20.74% below the market average20.74% below the market average20.74% below the market average20.74% below the market average20.74% below the market average
29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average29.73% above the sector average
Income Not Available
Growth
26.37% above the market average26.37% above the market average26.37% above the market average26.37% above the market average26.37% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

Kromek Group Dividends

No dividends found

Trades for 03-May-2024

Time Volume / Share Price
16:24 500,000 @ 6.33p
16:29 16,394 @ 6.10p
16:02 16,181 @ 6.18p
15:43 100 @ 6.40p
15:43 100 @ 6.40p

Kromek Group Key Personnel

CEO Arnab Basu

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