StockMarketWire.com - Kromek, a radiation detection technology company focusing on the medical, security and nuclear markets, has secured a £3m revolving credit facility with HSBC Bank. The funds available through the facility will be used for working capital to support the growth of the business, and facilitate the Company in capitalising on the large and increasing opportunities that it continues to develop across its target markets.

Chief executive Arnab Basu said: "We are pleased that HSBC has committed this credit facility to Kromek. Whilst we continue to make significant progress with our product portfolio approach, this financing will enable us to accelerate on executing our longer-term strategy to become the preferred component supplier to major OEMs in CT and SPECT and in the supply of network sensors in nuclear markets."




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