Amphion Innovations plc (AIM:AMP) announces that Kromek, Ltd. intends to float on the AIM market of the London Stock Exchange. Richard Morgan, Chief Executive Officer of Amphion and Chairman of Kromek, said, "Amphion was the first institutional investor to commit to Kromek in 2005, soon after its formation and spin-out from the University of Durham. Since then, we have been closely involved with its development and are delighted to see it is making the transition to a public company.

We believe Kromek has substantial growth opportunities and this transition to the public markets should provide the needed capital to accelerate its growth while deepening and broadening its internal resources and external reach."