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On October 15, 2025, Nanoco Group PLC announced it was awarded a grant from Innovate UK. The grant funds a six-month project for the development of a semiconductor quantum dot ink for one-step coating of image sensors. This project has a forecasted cost of £0.1m and will be 70% funded by Innovate UK.
FOR IMMEDIATE RELEASE 15 October 2025
Nanoco Group PLC
("Nanoco, the "Group", or the "Company")
Awarding of Government Grant
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, is pleased to announce it has been awarded a grant from Innovate UK for the development of a semiconductor quantum dot ink for one-step coating of image sensors.
The six month project will build on Nanoco's core quantum dot materials and will pursue the development of an ink which will enable single step deposition of lead sulphide ("PbS") nanomaterials, improving processing efficiency.
The project is forecast to cost £0.1m and will be 70% funded by Innovate UK.
Dmitry Shashkov, Nanoco's CEO, commented:
"A one step ink formulation will enable our customers to apply PbS nanomaterials to their sensors faster and at a lower cost, and to test Nanoco's industry leading materials in their products and production processes. This initiative should lead to further downstream revenues of our production ready PbS material, as well as overall acceleration of this young and dynamic industry - Quantum Dot based sensors. We thank Innovate UK for their support with this development."
- Ends -
The person responsible for arranging for the release of this announcement on behalf of Nanoco is Liam Gray, Chief Financial Officer.
Nanoco Group plc:
Dmitry Shashkov, CEO +44 (0)1928 761 404
Liam Gray, CFO & Company Secretary
Sodali & Co (Public Relations)
Elly Williamson +44 (0)79 3535 1934
Pete Lambie
Oliver Banks
Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):
Ed Frisby / George Lawson (Corporate Finance) +44 (0) 20 7220 0500
Tim Redfern (Corporate Broking)
Jasper Berry (Sales)
CDX Advisors (Financial Adviser):
Steven Foland +1 415 425 2224
Steve Month
Patrick Foley
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) is a nanomaterial production and licensing group, specialising in the production of its patented cadmium free quantum dots (CFQD® materials) and other patented nanomaterials for use in the electronics industries. Founded in 2001 and headquartered in Runcorn, UK, Nanoco continues to build out a world-class, patent-protected IP portfolio alongside its existing scaled up production facilities for commercial orders.
Nanomaterials are materials with dimensions typically in the range 1 - 100 nm. Nanomaterials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nanomaterial that have size-dependent optical and electronic properties. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Sensor, Electronics and Display markets. Nanoco's CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of display applications. Nanoco's HEATWAVE® quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectra, rendering them useful for applications including cameras and image sensors.
Nanoco is listed on the Main Market of the London Stock Exchange, holds the LSE's Green Economy Mark, and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com