Follow-on Lighting Agreement

RNS Number : 9894N

Nanoco Group PLC

05 October 2012

 



For immediate release

5 October 2012

NANOCO GROUP PLC

("Nanoco" or "the Company")

Signs follow-on Joint Development Agreement in General Lighting

Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a follow-on joint development agreement with one of the world's largest lighting companies. This agreement follows the successful completion of a joint development agreement with the same lighting company, announced in August last year.

The objective of this follow-on agreement is to finalise the design and manufacture of a light emitting diode (LED) light incorporating Nanoco quantum dots for retro-fitting in commercial, residential and other settings.

LED lighting has many advantages over traditional lighting including long service life, reduced power consumption, compact size and shock resistance - but its colour performance is one factor that has limited its adoption. Current methods for producing white light from a blue LED tend to be weak in red wavelengths, creating the two problems that the light lacks warmth and fails to show true colours.

Nanoco's quantum dots can transform blue LEDs so that they produce white light with a high colour rendering index (CRI), thereby showing true colours in domestic and office environments. In addition, as Nanoco quantum dots are tunable, any warmth of light can be produced.

Michael Edelman, Nanoco's Chief Executive Officer, said:  "We're delighted to have signed this product development agreement and to be working with one of world's largest and most innovative lighting companies. Our quantum dots have the potential to unlock the many advantages of LEDs, creating a major commercial opportunity for Nanoco."

For further information please contact:

Nanoco	+ 44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
Colin White, Chief Financial Officer
Bank of America Merrill Lynch - Joint Broker	+ 44 (0) 20 7996 2490
Will Smith
Canaccord Genuity - Nomad and Joint Broker	[phone]
Simon Bridges
Cameron Duncan
Buchanan	+ 44 (0) 20 7466 5000
Mark Court / Fiona Henson / Sophie Cowles

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 displays, lighting and solar cells.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.

 

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