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Kromek Group PLC - Sedgefield, England-based detection technology supplier - Signs deal with Analogic Corp to collaborate on detector solutions. Says the collaboration is for the medical imaging and security sectors. Says the technology can result in improved image quality whilst also providing ‘a gateway to material characterization and quantitative results, allowing early detection of life-threatening illness such as breast cancer or heart disease when used in medical imaging’.
Chief Executive Officer Arnab Basu says: ‘At Kromek we are constantly looking to team up with leading global organisations who match our vision and desire to improve patient outcomes as well as combine our technologies to enhance the safety of our citizens. Analogic has a long track record in doing just this and we are looking forward to our collaboration to enable Analogic to bring the next generation of CT scanners to the market.’
Current stock price: 6.77 pence each, up 8.3% on Wednesday afternoon in London
12-month change: down 37%
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