THE Duke of York was today due to visit Sedgefield's NETPark to open the new headquarters of technology firm Kromek.
NETPark has been home to Kromek, which specialises in the development of disruptive technology solutions for a range of commercial markets, since 2005.
Last month the company announced the acquisition of US firm Nova, and the company’s move from NETPark’s incubator suite to larger, state-of-the-art facilities, reflects its rapid growth from university spin-out to international business.
The new building is one of three, developed at a cost of £10m, to house the global headquarters of science and technology companies.
Kromek was spun-out of the physics department at Durham University and is a pioneer in developing X-ray imaging for the medical, security, industrial inspection and defence markets. Earlier this year it won a £12.3m cash injection, raising the money from private investors in exchange for shares, bringing its valuation to £52m.
See tomorrow’s nebusiness for a full report on the royal visit at Kromek.