First Royalty Payment in Display Market

RNS Number : 7546W
Nanoco Group PLC
29 April 2016
 

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


David Blain, Chief Financial Officer

Caroline Watson, Investor Relations Manager

cwatson@nanocotechnologies.com

 

Tel: + 44 (0) 7799 897357



Canaccord Genuity - Joint Broker

Tel: +44 (0) 20 7523 8000

Simon Bridges

Cameron Duncan


Mark Whitmore




Liberum - Joint Broker

Tel: +44 (0) 20 3100 2000

Neil Patel


Richard Bootle

Steven Tredget




Buchanan

Tel: +44 (0) 20 7466 5000

Mark Court / Sophie Cowles / Stephanie Watson


 

 

 

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.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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