First US DHS Contract for Biosecurity for $5.9m

Kromek Group plc (AIM: KMK), a leading developer of radiation and bio-detection technology solutions for the advanced imaging and CBRN detection segments, is pleased to announce that it has been awarded a $5.9m contract from the US Department of Homeland Security ("DHS") Countering Weapons of Mass Destruction ("CWMD") Office for the research and development of technologies focusing on an agent agnostic bio-detection system. The contract has been awarded under a four-year programme, which commences immediately, and the Group expects to receive $874k during the first year base period.

Arnab Basu, CEO of Kromek Group, said: "We are pleased to have been awarded this new contract for the research and development of agent agnostic biosecurity technologies, which will build on our existing expertise and technology in the field of automated bio-detection solutions. It is our first biosecurity contract from the Department of Homeland Security and underscores our belief that there are significant market opportunities in this area, as our technologies align well with government biosecurity strategies.

"This programme directly addresses a CWMD Office priority focused on the detection, classification and identification of bioterrorism attacks. Biological threats are an increasing priority for governments, particularly in light of the pandemic. The output of the programme is aimed at providing increased capability to detect and identify biological threats in response to the operational needs of the Department of Homeland Security and will be an important step in making the world safer from the threat of bioterrorism and other biological threats."

Kromek is listed on AIM, a market of the London Stock Exchange, under the trading symbol 'KMK'.

Acknowledgement of Sponsorship: This work is supported under the U.S. Department of Homeland Security, Countering Weapons of Mass Destruction Office, competitively award contract 70RWMD23C00000025. This support does not constitute an express or implied endorsement on the part of the Government.