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KROMEK has revealed it has raised £1.6m from new investors and existing shareholders, including venture capitalist Amphion Innovations. This makes a total of more than £5.1m raised by Kromek in the previous 12 months, despite the credit crunch. The company is now valued at £46.5m, double its valuation since its previous round of fund raising last year.

Richard Morgan, chief executive of Amphion Innovations, said: 'Despite a more challenging fund raising environment, we have successfully raised an additional £1.6m at double the valuation of the previous financing. This is a testament to the strength of Kromek's innovative technology and we look forward to positive developments in the future.'

 
 
Kromek Group plc, NETPark, Thomas Wright Way,
Sedgefield, County Durham TS21 3FD United Kingdom

Tel: +44 (0) 1740 626060 Fax: +44 (0) 1740 626061

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