Signs Follow-on Agreement

RNS Number : 8043D

Nanoco Group PLC

02 May 2013

 



For immediate release

2 May 2013

 

 

NANOCO GROUP PLC

("Nanoco" or the "Company")

Signs follow-on Joint Development Agreement

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a follow-on joint development agreement with a major electronics company in Asia.

This agreement represents the second phase of an earlier agreement announced on 14 February 2012, which has been successfully completed. During this second phase, Nanoco will further optimise bespoke cadmium-free quantum dots for use in the Asian company's LCD display products and in its LEDs for general lighting. 

Discussions in relation to a commercial agreement with the Asian company and our manufacturing partner, The Dow Chemical Company, are progressing well and are separate to the current development work.  

Michael Edelman, Nanoco's Chief Executive Officer, said: "We're delighted to have signed this follow-on agreement with a major electronics company in Asia following the successful completion of the initial phase of development work. We look forward to carrying out further development work during the current phase to optimise our bespoke cadmium-free quantum dots for the company's LCD display products and LEDs for general lighting." 

For further information:

Nanoco	+ 44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Canaccord Genuity - Nomad and Joint Broker	[phone]
Simon Bridges
Cameron Duncan
Liberum Capital - Joint Broker	+ 44 (0) 20 3100 2000
Simon Atkinson
Richard Bootle
Buchanan	+ 44 (0) 20 7466 5000
Mark Court / Fiona Henson / Sophie Cowles

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots for use in multiple applications including LCD displays, lighting and solar cells. 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 business development offices in the USA, 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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