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Additional Information
Market: LON
Sector: Pharmaceuticals
Epic: AMP
News: Latest news
Web Site: Amphion Innovations
Other Articles: 30-03-201016-03-201015-03-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Amphion Innovations

Amphion Innovations

Amphion 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 a significant shareholding in 8 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.

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Monday, March 15, 2010

Amphion Innovations partner Kromek raises £12.3 million to fund expansion

Amphion Innovations (AIM: AMP) said its partner company Kromek has raised £12.3 million in the second close of the oversubscribed Series D financing, which has upped Amphion’s stake in the business that is now valued at £52 million to 17%.

The new financing is expected to enable Kromek to further expand its activities, which will include the extension of its business facilities for further product development and enhance its commercial activities in its target market sectors. The company is involved in the development of disruptive technology solutions for a range of commercial markets including airport and border security.

Kromek has developed a family of products for the global aviation and border security markets to combat threats posed by liquid based explosives and smuggling of narcotics dissolved in alcohol. The company's bottle scanning product offers a unique solution to the current ban on the carriage of liquids, though airport terminals.

Kromek is looking to capitalise on the EU’s forthcoming regulation to lift the ban, requiring it to ensure that liquid scanning facilities are in place in transit areas at EU airports by April 2011.

“The ongoing security concerns worldwide create a critical need for innovative threat detection systems.  The success of this fundraising round reflects investor confidence in Kromek's unique technology and provides the financial support for the company to continue its product and commercial development,” said chief executive of Amphion Innovations Richard Morgan.

Back in February, the Amphion said its revenue for the 12 months to December 2009 is expected to rise to US$8.6 million, and operating losses to narrow to US$0.88 million from US$3.38 million.

Shares in the company added 4% on today’s news.

Amphion 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.  Currently there are eight partner companies developing proven technologies targeting substantial commercial marketplaces in excess of US$1 billion. 

Each partner company aims to achieve a target exit value in excess of US$100 million.  The Amphion model has been refined to optimise the commercialisation of patents and other intellectual property within the partner companies.  The partner companies collectively own or control over 200 separately identified pieces of intellectual property, a number which grows rapidly each year.

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