Arctic Radiation Detectors receives funding

(CONNECT) Arktis Radiation Detectors secures a strategic investment of an undisclosed amount as part of a financing round. According to a press release, both existing and new investors have participated. The company develops systems for the detection and identification of radiological and nuclear materials for governments, critical infrastructure operators and industry. It describes this latest investment as a "milestone for the growth of Arktis", which will enable strategic expansion into new markets and sectors.

At the same time, Arktis, a spin-off of the Swiss Federal Institute of Technology in Zurich and the CERN nuclear research center founded in 2007, has strengthened its Board of Directors with industry experts. Matthias Franz takes over the chairmanship of the committee. He reportedly brings 35 years of experience in the radiation protection industry and has held senior positions at Fuji Filom X-Ray, Mirion Technologies, Elekta AB and IBA Dosimetry. Most recently, he was President and Managing Director of Accuray International.

Serial investor Paul Schenker is a new member of the Board of Directors. At Arktis, he is committed to the further development of radiation detection, protection and control, which is important for global security, environmental protection and the supply of clean energy.

Rick Rowe is the new advisor to the Board of Directors. After holding senior positions at Honeywell, he became president of MCMS, an $800 million contract manufacturer that was later acquired by Plexus. He then founded SafeView, whose millimeter-wave security portals are now used at airports around the world. "With added strategic depth and new momentum, we are well positioned to expand our footprint and advance radiation detection and protection technologies for global security and operational excellence," Arktis CEO Dr. Ulisse Gendotti is quoted as saying. ce/mm