For immediate release |
29 April 2016 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
First Royalty Payment in Display Market
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, is pleased to announce that it has been notified of its first royalty payment from The Dow Chemical Company ("Dow") following sales during the first three months of 2016 of Nanoco cadmium-free quantum dots from Dow's plant in Cheonan, South Korea.
Nanoco's first royalty income from licensing of its cadmium-free quantum dots, although modest, marks an important milestone in the commercialisation of Nanoco's technology.
Michael Edelman, Nanoco's Chief Executive Officer, commented: "Our first royalty income marks a milestone for Nanoco in the commercialisation of our cadmium-free quantum dot technology in the display market. We look forward with excitement to the successful rollout of our 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 Caroline Watson, Investor Relations Manager [email protected] |
Tel: + 44 (0) 7799 897357 |
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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 nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has a non-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.
