EU certification for colour X ray technology will see the end of liquid flight ban

Montag, 25.10.2010 10:00 von Hugin - Aufrufe: 274

Major milestone for Amphion Partner Company, Kromek
 
London and New York, 25 October 2010 - Amphion Innovations plc (LSE: AMP)
("Amphion" or the "Company"), the developer of medical and technology
businesses, today announces that its Partner Company, Kromek, which specialises
in the development of disruptive technology solutions for a range of commercial
markets including airport and border security, has received official European
Union (EU) certification to provide colour x-ray liquid detection systems to all
European airports.
 
By April 2011, liquid items bought in transit (i.e. duty free purchases) will be
allowed on board, providing the appropriate security measures, such as
screening, are in place at the airports concerned. The results of the European
Civil Aviation Conference (ECAC) led trials establish that the technology is
ready to allow the 2011 deadline to be met by the airports.  By April 2013, the
ban will be lifted completely, allowing the carriage of liquids on flights
across Europe.
 
Kromek's Bottle Scanner has qualified as a Category B device that has achieved
Type 1 and Type 2 100% capability and has been officially tested, verified and
authorised by ECAC.  As of now, all EU airports are free to buy and implement
Kromek's Bottle Scanner product, opening the company to the multi million dollar
airport security market.
 
The move marks a breakthrough in airport security.  As the threat from liquid
threat has become greater, airport security officials are seeking appropriate
technology to mitigate this threat.  For the first time, airports can purchase
tested, approved, and secure technology that will allow authorities to relax the
ban on liquid on flights.
 
Dr. Arnab Basu, CEO of Kromek, said, "It's a significant milestone for Kromek as
the approved listing is vindication that colour x-ray detection has been
proven.  The next generation of X-ray technology has arrived, with a market
ready machine that can detect liquid threat.
 
"The threat from Liquid, Aerosol and Gel (LAG) based explosives became apparent
in August 2006 following discovery of a plot to use such devices aboard multiple
transatlantic flights. Although Kromek had not set out to produce such equipment
we were quick to realise with our capabilities we had the versatility to produce
a solution for this market need.
 
Kromek's verified and approved solution effectively guards against such a
possibility. It is a major step forward in the fight against global terrorism
where liquid is increasingly becoming a common tool for terrorist use."
 
Kromek's revolutionary technology signals a new era in colour x-ray detection,
and a market-changing development in aviation security. The company is
introducing to the sector a pioneering form of detection, which has been likened
to the advent of colour TV, from black and white, in terms of significance and
market potential.
 
Richard Morgan, CEO of Amphion and Chairman of Kromek, said, "This approval by
the ECAC is a major milestone for Kromek.  Kromek's proven technology meets a
previously unmet need in airport security. Kromek's Bottle Scanner should make a
major contribution to a more efficient security system within the European
markets."
 
Dr. Basu concluded, "The next year and beyond is extremely exciting for us.
Kromek will continue to see strong growth over the coming years as our
innovative solutions to many previously intractable problems captures the
imagination.  Our groundbreaking technology not only provides products to the
airline security market but has the opportunity for development into a range of
products for many highly lucrative markets such as medical and industrial
fields."
 
For further information please contact
 
Amphion Innovations plc
Charlie Morgan
+1 (212) 210 6224
 
Cardew Group
Tim Robertson/ James Milton
+44 20 7930 0777
 
Charles Stanley (Nominated Adviser)
Mark Taylor
+44 20 7149 6000
 
About Amphion Innovations plc
 
Amphion (LSE: AMP) builds shareholder value in high growth companies in the
medical and technology sectors, by using a focused, hands-on company building
approach, based on decades of experience in both the US and UK.   Amphion has
significant shareholding in 10 Partner Companies developing proven technologies
targeting substantial commercial marketplaces, each in excess of $1 billion.
Each Partner Company is chosen with the goal of achieving an exit valuation in
excess of $100 million.
 
On the web: www.amphionplc.com
 
About Kromek
 
Kromek was spun out of Durham University's physics department and specialises in
the development of disruptive technology solutions for a broad range of
commercial markets. It is currently pioneering digital colour imaging for x-rays
and advanced 3D imaging for the medical, security, industrial inspection and
defence markets.  The company has successfully pioneered a revolutionary 3D x-
ray technology, which has huge commercial benefits for a range of sectors,
especially the airline security industry, where it is uniquely placed to fulfil
an increasing, necessary worldwide demand for liquid explosive detection at
airports.
 
On the web: www.kromek.com
 
[HUG#1454811]
 
Kromek Scanner II:
http://hugin.info/143799/R/1454811/394946.jpg
 
Kromek Scanner I:
http://hugin.info/143799/R/1454811/394945.jpg
 
Press release (PDF):
http://hugin.info/143799/R/1454811/394942.pdf
 
Kromek CEO Arnab Basu:
http://hugin.info/143799/R/1454811/394948.jpg
 
Kromek Scanner III:
http://hugin.info/143799/R/1454811/394947.jpg
 
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Amphion Innovations plc via Thomson Reuters ONE
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