Signs Joint Development Agreement

RNS Number : 3501X

Nanoco Group PLC

14 February 2012

 



For immediate release

14 February 2012

NANOCO GROUP PLC

("Nanoco" or "the Company")

Commercial 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 commercial joint development agreement (JDA) with a major electronics company in Asia in connection with the use of the Company's cadmium-free quantum dots (CFQD™) in the electronics company's display products.

It is anticipated that further agreements with the electronics company will be signed on the successful completion of the initial development work.

Michael Edelman, Nanoco's Chief Executive Officer, said: "We're delighted to have signed this joint development agreement with a major electronics company in Asia. This agreement further extends our involvement in the display market and increases the number of countries in which we have commercial relationships."

For further information please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Bank of America Merrill Lynch - Joint Broker	Tel: [phone]
Will Smith
Canaccord Genuity - Nomad and Joint Broker	Tel: [phone]
Simon Bridges
Cameron Duncan
Buchanan	Tel: [phone]
Mark Court / Jessica Fontaine

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots for use in multiple applications including lighting, solar cells and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass. Nanoco forms strategic partnerships with major end users across a range of applications.

Nanoco was founded in 2001 and is based in Manchester, UK. 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.nanocogroupplc.com.

 

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