LG Electronics Partners with Dow

RNS Number : 7213B

Nanoco Group PLC

09 January 2015

 



For immediate release

9 January 2015

NANOCO GROUP PLC

("Nanoco" or the "Company") 

LG Electronics Partners with Dow

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that, further to the Company's announcement on 16 December 2014, LG Electronics has signed a partnering agreement with Dow Chemical Company ("Dow") in connection with the supply of Nanoco cadmium-free quantum dots for LG's Ultra HD TV range, which was launched this week at the Consumer Electronics Show (CES) in Las Vegas.

The full text of Dow's announcement on this partnering agreement can be viewed at this link: www.dow.com/news.

Michael Edelman, Nanoco's Chief Executive Officer, said: "We are delighted that LG has entered a formal partnering agreement with Dow, which has the scale and expertise to meet LG's quantum dot requirements. The launch this week of LG's Ultra HD TV at the Consumer Electronics Show in Las Vegas is a major milestone for Nanoco as it represents the first commercial product to incorporate our cadmium-free quantum dot technology. The colour quality of the  LG Ultra HD TVs incorporating Nanoco's technology at CES is stunning."

For further information, please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Mark Sullivan, Interim Chief Financial Officer
Canaccord Genuity - Nomad and Joint Broker	Tel: [phone]
Simon Bridges
Cameron Duncan
Liberum - Joint Broker	Tel: [phone]
Simon Atkinson
Richard Bootle
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 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.

 

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