David Yao joins Nanoco

RNS Number : 7697K

Nanoco Group PLC

12 July 2017

 

NANOCO GROUP PLC

("Nanoco" or the "Company")

David Yao joins Nanoco in the newly created role of Senior VP of Global Sales

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, is pleased to confirm the appointment of David Yao as Senior Vice President of Global Sales.

Reflecting the need to be closer to customers and in line with Nanoco's commercialisation strategy to directly accelerate the market development of cadmium free quantum dots CFQD® products, this appointment strengthens Nanoco's commercial leadership in Asia. Based in Taiwan, David brings extensive global sales experience and customer relationships in our key display market. He has already begun his role and immediately proved highly influential on both the sales pipeline and the selling process.

David has more than 25 years of experience in the global technology industry. He joins Nanoco from Cambrios Technologies in California, where he was VP Worldwide Sales. Prior to that he was VP of Sales with Synerchip Technologies. During his time at both companies he successfully led sustainable sales growth through building sales teams, local distribution channels and strong customer relationships across Asia and North America.   

Previously, David was VP of Worldwide Sales at Synerchip Technologies from 2010-2012, and VP of Sales, (Asia Pacific) at SiBEAM, responsible for sales across Japan, Korea, China and Taiwan.

Michael Edelman, CEO of Nanoco Group plc, commented

"We are thrilled to have David join us at such an exciting time for Nanoco. His experience and track record of generating worldwide sales is perfectly aligned with our growth ambitions and indeed he has been instrumental in securing our first commercial orders while further strengthening our sales pipeline."

As previously announced, on 30 June 2017 Nanoco received its first commercial order. The order came from Wah Hong Industrial Corporation, one of the world's largest manufacturers of optical films and sheets for the display industry, for the supply of resins containing Nanoco's cadmium-free quantum dots (CFQD®).

In addition, Nanoco's CFQD® technology is now being evaluated in 16 active TV and monitor programmes with 13 major OEMs (4 April 2017: 14 active programmes with 9 OEMs).

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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.

 

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