Commercial Supply and License Agreement

RNS Number : 2172Y

Nanoco Group PLC

04 December 2017

 

NANOCO GROUP PLC

("Nanoco" or the "Company")

Commercial Supply and License Agreement with the Sports Turf Research Institute

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, today announces that it has signed a Commercial Supply and License Agreement with STRI Group, the world's leading consultancy for design, research and management of natural and synthetic sports turf surfaces.

Nanoco will supply its high performance CFQDs to STRI, which is developing CFQD enabled lighting systems to enhance seed germination and speed up the growth of turf for sporting venues and stadia fields. Specific financial details have not been disclosed.

Established in 1929, STRI has recently developed new research facilities in Australia and Qatar and launched design and consultancy hubs in Asia-Pacific, the Middle East and across Europe. Its wide-ranging consultancy services have been used at FIFA World Cup tournaments, the Olympic Games, Wimbledon Championships and The Open Golf Championships.

This latest agreement continues Nanoco's growth in its speciality lighting business where it is already developing products with partners for the horticulture and photodynamic therapy industries. Nanoco was named as a CES 2017 Innovation Awards Honoree for its work in sustainable plant growth in November 2016.

For further information, please contact:

MHP Communications                                                               Tel: [phone]         

Reg Hoare / Andrew Leach / Giles Robinson / Pete Lambie

[e-mail] 

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, Nanoco has non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial Corporation. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.

Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.

About STRI

STRI is the leading global consultancy specialist for the development of elite standard sports surfaces. Providing advice and expertise on the research, design, construction and management of both natural and artificial sports fields of play across the world.

STRI was established in the UK in 1929, and now operates globally out of its three research and design hubs in Europe, Middle East and Asia-Pacific. Clients include some of the world's most iconic sports venues, international tournaments, sports governing bodies, sports club owners and facilities managers, local authorities and schools.

STRI has within its capabilities extensive staff resources working across wide range of R&D, design, consultancy and sustainability disciplines.

Visit www.strigroup.com for more information on STRI and their wide range of services.

 

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