For immediate release |
13 October 2014 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
Signs follow-on Joint Development Agreement with Osram
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a further follow-on joint development agreement with Osram, one of the world's largest lighting companies, in connection with the use of Nanoco quantum dots in lighting.
Nanoco has been working with Osram under joint development agreements since 2011 with the objective of delivering LED lighting with superior performance characteristics. Much of the technical work to date has focused on encapsulating Nanoco's cadmium-free quantum dots to optimise them for the operating conditions associated with LEDs.
Nanoco's cadmium-free quantum dot technology has the potential to transform LEDs so that they more efficiently produce bright, warm light with the ability to accurately reproduce colours.
Michael Edelman, Nanoco's Chief Executive Officer, said: "We're delighted to sign this latest joint development agreement with Osram and to continue this exciting work focused on creating LEDs with substantially improved colour performance. Lighting is a core target market for our cadmium-free quantum dot technology."
For further information, please contact:
Nanoco |
Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer |
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David Blain, Chief Financial Officer |
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Canaccord Genuity - Joint Broker |
Tel: +44 (0) 20 7523 8000 |
Simon Bridges Cameron Duncan |
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Mark Whitmore |
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Liberum - Joint Broker |
Tel: +44 (0) 20 3100 2000 |
Neil Patel |
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Richard Bootle Steven Tredget |
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Buchanan |
Tel: +44 (0) 20 7466 5000 |
Mark Court / Sophie Cowles / Stephanie Watson |
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Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nano-materials 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 is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.
