Signs Joint Development Agreement

RNS Number : 8483I

Nanoco Group PLC

31 July 2012

 



For immediate release

31 July 2012

NANOCO GROUP PLC

("Nanoco" or "the Company")

Signs Joint Development Agreement

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 joint development agreement with a major Japanese automotive company.

The joint development agreement will focus on the use of bespoke Nanoco nanomaterials for use in next-generation products being developed by the Japanese automotive company.

Nanoco will be sponsored US$1.2 million for this seven month joint development.

Michael Edelman, Nanoco's Chief Executive Officer, said:  "We are delighted to sign this new joint development agreement with a major Japanese automotive company. This agreement highlights the increasing momentum in our business, both in terms of progress with existing agreements and with our business development activities."

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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