AGM Statement

RNS Number : 3469E

Nanoco Group PLC

18 December 2009

 



For immediate release

18 December 2009

NANOCO GROUP PLC

("Nanoco" or "the Company")

Annual General Meeting

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of commercial quantities of quantum dots, will this morning hold its Annual General Meeting at the Company's head office in Manchester. 

Nanoco's CEO, Michael Edelman, will make the following statement:

"I am pleased to report that we are making good progress across our business. Manufacturing scale-up, allowing us to produce 1kg batches of quantum dots, is proceeding well with reactors having now been installed and successfully commissioned in our Manchester facility. Development work with our partners is also proceeding well, and we continue to make good progress in negotiating further agreements.

"The initial commercial market for our quantum dots is in the next generation of LEDs for use in low energy LCD televisions. Recent legislation introduced by the Californian Energy Commission, demanding a 49 per cent reduction in TV power consumption by the beginning of 2013, has underlined the significant potential of this market."

For further information please contact:

Nanoco	+ 44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
Michael Bretherton, Chief Financial Officer
Zeus Capital	+ 44 (0) 161 831 1512
Alex Clarkson
Nick Cowles
Buchanan Communications	+ 44 (0) 20 7466 5000
Mark Court /Jennie Spivey /Miranda Higham

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots for use in multiple applications including solid-state lighting, solar cells and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass.

Nanoco forms strategic partnerships with major end users across a range of applications.

Nanoco was founded in 2001 and is based in Manchester, UK. Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO.

About quantum dots

Quantum dots are fluorescent nano-sized particles of semiconductor material which have the ability to emit light in a specific colour dependent on the size of the particle.

 

END

 

 

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