Commissioning of Cheonan Plant

RNS Number : 7674R

Nanoco Group PLC

01 July 2015

 

For immediate release

1 July 2015

NANOCO GROUP PLC

("Nanoco" or the "Company") 

Commissioning of Cheonan Plant

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, confirms that commissioning of the Cheonan, Korea, quantum dot facility being built by The Dow Chemical Company ("Dow"), Nanoco's worldwide licensing partner for quantum dots in the display industry, is under way and customer sampling is expected to begin in Q3, 2015.

Michael Edelman, Nanoco's Chief Executive Officer, commented: "We are pleased with the progress that Dow has made in the construction of the cadmium-free quantum dot plant in South Korea. Orders for cadmium-free quantum dots will continue to be satisfied from Nanoco's production facility in Runcorn, UK, until the time that the Cheonan plant enters commercial production."

For further information, please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Mark Sullivan, Interim Chief Financial Officer
Canaccord Genuity - Joint Broker	Tel: [phone]
Simon Bridges
Mark Whitmore
Liberum - Joint Broker	Tel: [phone]
Neil Patel
Richard Bootle Steven Tredget
Buchanan	Tel: [phone]
Mark Court / Sophie Cowles / Stephanie Watson

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, 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 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.nanocotechnologies.com.

 

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