AGM Statement

RNS Number : 0969U

Nanoco Group PLC

16 December 2011

 



For immediate release

16 December 2011

NANOCO GROUP PLC

("Nanoco" or "the Company")

AGM Statement

Nanoco Group plc(AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, will hold its Annual General Meeting later this morning at its head office in Manchester.

Peter Rowley, Nanoco's Chairman, will make the following statement:

"The current financial year is proceeding well. We continue to make good progress with our commercial relationships, our technology, our manufacturing capability and our company infrastructure.

"In our commercial relationships we are making good progress across our LED and solar projects, including the final stages of development of green quantum dots for a major Japanese corporation. In addition, we are in discussions with further potential commercial partners.

"To accommodate our increasing level of activity we recently signed a lease to a further 12,500 square feet of laboratory space at our Manchester head office. We have also recently received planning permission for the Kilo Lab production facility in Runcorn.

"We look forward to the future with confidence."

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 Communications	Tel: [phone]
Mark Court / Christian Goodbody

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.nanocotechnologies.com.

 

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