LONDON (ShareCast) - (Sharecast News) - Radiation detection technology manufacturer Kromek will begin supplying Metran-based ventilators for Covid-19 response by the end of next month.

Kromek said on Wednesday that it expects production of the ventilators to begin before the end of April and will produce up to 2,000 units within twelve weeks - with 1,000 units available within eight weeks.

Following the signing of a license agreement with Metran, a Japanese medical ventilator products and technology firm, Kromek will then sell the ventilators in the UK and globally.

Chief executive Arnab Basu said: "We have been working through the British Embassy in Japan with substantial help from the Department of International Trade and are delighted to be progressing this technology transfer.

"Any procurement of this equipment from Kromek is expected to have the additional benefit of safeguarding and creating employment in the North East as well as contributing to this region's fight against Covid-19."

As of 1140 BST, Kromek shares had surged 19.70% to 22p.

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