CZT supply13 Nov 2022 10:12
Global CZT & OEMs requirements -
re-reading the last investors chronicle article it confirms that Kromek supplies
Philips & United Imaging , and has received initial orders from 3 other medical OEMs, one now confirmed as the Israeli Spectrum Dynamics. ( 2 undisclosed) = 5 customers.
Arnab has said that kmk are aware of 12 global OEMs developing CZT based medial scanners. We know Canon has acquired Redlen - reason Spectrum has partnered with Kmk.
GE have acquired the Israeli CZT manuf.
and Siemens have partnered with another, (can't make out the name from the video below.)
So 12 minus 5 (kmks customers) leaves 7, minus the 3 just mentioned, leaves 4 more
looking to secure a reliable supply of CZT modules.
There's been no monetary component given with the Spectrum anouncement, and the judge and jury will soon have GE in court to settle the IP infringement. So it's clear Spectrum tech is equal to GE's
Just one other decent contract win and announcement here would have a big effect on the share price and cement Kromeks unique position in the medical imaging market, and there could be a couple in the pipeline soon by the sound of it.
January 18, 2022 IC
"Secondly, Canon’s recent US$270m (£199m) acquisition of Redlen Technologies, the only independent commercial producer of Cadmium Zinc Telluride (CZT) detectors globally other than Kromek, is material. House broker Cenkos Securities’ read across implies a valuation of £196m (45p a share) on Kromek’s medical imaging business, or more than three times Kromek’s current market capitalisation.
Moreover, by removing one rival from the market, it means that medical imaging OEMs – Phillips and United Imaging, for instance – that are looking to adopt CZT technology but lack in-house production capacity are now far more reliant on Kromek than previously. Basu notes that three new strategic original equipment manufacturers (OEMs) have placed initial orders with Kromek and “we expect a number of contracts to be signed in 2022 as they look for surety of supply”, adding that “more conversations are ongoing”. They could be very large contracts given that one seven-year medical imaging contract signed with an OEM in 2019 is delivering US$58m of revenue to Kromek over the contract term."
Siemens CZT ...very interesting vid
https://youtu.be/9Kz7CxtqXw0
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