AGM Statement

RNS Number : 8092V

Nanoco Group PLC

18 December 2013

 



For immediate release

18 December 2013

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 this morning hold its Annual General Meeting ("AGM").

Anthony Clinch, Nanoco's Chairman, will make the following statement:

"We highlighted in our preliminary results in October that our partnership with the Dow Chemical Company for the mass manufacture of Nanoco quantum dots for the display market is proceeding well. I am pleased to report that since that time we have shipped a substantial amount of sample materials to potential customers. This demand for materials gives us confidence that we are moving closer to the signing of the first commercial order from the display industry.

"I am delighted to announce today that we have just signed a further joint development agreement ("JDA") with Osram, one of the world's largest lighting companies. This JDA, which will run until September 2014, will focus on the optimum solution for combining Nanoco's cadmium-free quantum dots into LEDs for general lighting.

"In the year ahead, we look forward to continued progress in all of our key target markets including display, LED general lighting, solar and bio-imaging."

For further information, please contact:

Nanoco	Tel: [phone]
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Canaccord Genuity - Nomad and Joint Broker	Tel: [phone]
Simon Bridges
Cameron Duncan
Liberum Capital - Joint Broker	Tel: [phone]
Simon Atkinson
Richard Bootle
Buchanan	Tel: [phone]
Mark Court / Fiona Henson / Sophie Cowles

Notes for editors:

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots for use in multiple applications including LCD displays, lighting and solar cells. 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 business development offices in the USA, Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

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.nanocogroup.com.

 

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