Last checked at 2 May 2013 07:00
For immediate release | 2 May 2013 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
Signs follow-on Joint Development Agreement
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a follow-on joint development agreement with a major electronics company in Asia.
This agreement represents the second phase of an earlier agreement announced on 14 February 2012, which has been successfully completed. During this second phase, Nanoco will further optimise bespoke cadmium-free quantum dots for use in the Asian company's LCD display products and in its LEDs for general lighting.
Discussions in relation to a commercial agreement with the Asian company and our manufacturing partner, The Dow Chemical Company, are progressing well and are separate to the current development work.
Michael Edelman, Nanoco's Chief Executive Officer, said: "We're delighted to have signed this follow-on agreement with a major electronics company in Asia following the successful completion of the initial phase of development work. We look forward to carrying out further development work during the current phase to optimise our bespoke cadmium-free quantum dots for the company's LCD display products and LEDs for general lighting."
For further information:
Nanoco | + 44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Colin White, Chief Financial Officer | |
Canaccord Genuity - Nomad and Joint Broker | +44 (0) 20 7523 8000 |
Simon Bridges | |
Cameron Duncan | |
Liberum Capital - Joint Broker | + 44 (0) 20 3100 2000 |
Simon Atkinson | |
Richard Bootle | |
Buchanan | + 44 (0) 20 7466 5000 |
Mark Court / Fiona Henson / Sophie Cowles |
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of cadmium-free quantum dots for use in multiple applications including LCD displays, lighting and solar cells. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.
Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and business development offices in the USA, Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.
Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.