Wins Government Grants

RNS Number : 3043K

Nanoco Group PLC

20 August 2012

 



For immediate release

20 August 2012

NANOCO GROUP PLC

("Nanoco" or "the Company")

Wins Government Grants

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 recently won three grants from the UK Government totalling £736,000.

The grants have been awarded by the UK's innovation agency, the Technology Strategy Board, which aims to accelerate UK economic growth by stimulating and supporting business-led innovation.  All of the grants will support the further development of Nanoco's quantum dot and nanomaterials technologies.

In addition, Nanoco has received an award under the Knowledge Transfer Partnerships programme administered by the Technology Strategy Board. Under this award, Nanoco is working closely with the University of Salford on a commercially focussed nanomaterials project.

Michael Edelman, Nanoco's Chief Executive Officer, said:  "These grants from the Technology Strategy Board, and the award under the Knowledge Transfer Partnerships, highlight the potential of our technology to contribute to growth in the UK's innovation-based economy.  

"Grant funding is non-dilutive and represents a useful additional funding source. Knowledge Transfer Partnerships also have a valuable role in supporting research and in creating the potential for researchers to transfer into industry."

For further information please contact:

Nanoco	+ 44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Bank of America Merrill Lynch - Joint Broker	+ 44 (0) 20 7996 2490
Will Smith
Canaccord Genuity - Nomad and Joint Broker	[phone]
Simon Bridges
Cameron Duncan
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 manufacture of commercial quantities of quantum dots for use in multiple applications including displays, lighting and solar cells.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.

The Technology Strategy Board is the UK's innovation agency.  Its goal is to accelerate economic growth by stimulating and supporting business-led innovation.  Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit www.innovateuk.org.

 

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