Kromek, Ltd.
Kromek is pioneering digital colour imaging for x-rays and has brought groundbreaking innovation to materials technology and advanced 3D imaging. Kromek’s market opportunities are in security screening, industrial inspection, medical imaging, and defense.
The prime focus over 2009 was to exploit the liquid identification market for aviation security. The opportunity for Kromek’s existing products in this sector is well over US $200 million. The estimated addressable market for the aviation security sector is believed to be over US $500 million annually for Kromek’s technology. Kromek brings a unique capability to detect and identify liquids in sealed containers (any shape, colour, and container material). Kromek’s technology maps out well with the requirements defined by various regulators around the world – starting with the ability to scan single containers and extending to identifying liquids in hand baggage. This will help the regulators to remove the current ban on passengers carrying liquids on board aircraft.
Amphion’s fully-diluted ownership stake in Kromek was 18.88% as of 31 December 2009, valued at US $14.3 million (2008: US $14.4 million).
Management
Dr. Arnab Basu - Chief Executive Officer
Mike Creedon - Chief Financial Officer
Nigel Day - Commercial Director
Ian Radley - Technical Operations Director
Board of Directors
Richard C.E. Morgan - (Chairman) Chief Executive Officer, Amphion Innovations
Dr. Arnab Basu - Chief Executive Officer, Kromek
Dr. Andy Brinkman - Reader of Physics, Durham University Professor
Max Robinson - X-ray expert and entrepreneur
Professor Brian Tanner - Professor of Physics, Durham University, Director of Technology Transfer Office, Durham University
Jerel Whittingham - Managing Director, Amphion Innovations
