Radiation tech company Kromek has raised £1.14m from shareholders – its second fundraise in a month – to counter supply chain struggles. The Sedgefield firm, a leading developer of radiation and bio-detection technology solutions, said it has completed the fundraise through the issue of convertible loan notes to existing shareholders in the company. In a stock market note the firm...
North East tech company Kromek has seen sales jump 16% to £12.1m on the back of growing traction in the nuclear detection market. The Durham University spin-out supplies radiation detection products to customers around the world in the medical, security and industrial sectors, and said growing revenues came from existing contracts and development programmes, as well as increased commercial...
Detection tech creator Kromek has raised £1.7m from new and existing investors through an issue of convertible loan notes. The Sedgefield firm said it would use the sum as additional working capital to counteract any potential supply chain disruption to the delivery of contracts during the year. In a separate announcement earlier this week it told investors of two new orders in the medical...