NANOCO GROUP PLC Welcomes MEPs’ Rejection of Cadmium in Quantum Dots
May 20 2015 - 10:02AM
Business Wire
NANOCO GROUP PLC
(“Nanoco” or the “Company”)
Welcomes MEPs’ Rejection of Cadmium in
Quantum Dots
Nanoco Group plc (LSE: NANO), a world leader in the
development and manufacture of cadmium-free quantum dots and other
nanomaterials, confirms that Members of the European Parliament
(“MEPs”) have voted against a proposed extension of an exemption to
the Restriction of Hazardous Substances Directive (RoHS) which
would have allowed the use of cadmium-containing quantum dots in
Europe.
Nanoco welcomes this decision by MEPs owing to the threat posed
by cadmium to human health and to the environment.
Michael Edelman, Nanoco’s Chief Executive Officer, said:
“We are very pleased by this decision by the European Parliament
and we would like to thank MEPs for the time they have taken to
understand the detail and implications of the proposed
exemption.
“Cadmium-free quantum dots are without question the preferred
choice for human and environmental health. Such quantum dots have
significant technological benefits and they are available today. We
look forward to their increasingly widespread use throughout
Europe, and worldwide, in multiple applications including enhanced
LCD displays.”
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 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 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.nanocotechnologies.com.
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NanocoMichael EdelmanChief Executive OfficerMark
SullivanInterim Chief Financial OfficerTel: +44 (0) 161 603
7900orCanaccord Genuity – Joint BrokerSimon BridgesCameron
DuncanMark WhitmoreTel: +44 (0) 20 7523 8000orLiberum – Joint
BrokerSimon AtkinsonRichard BootleTel: +44 (0) 20 3100
2000orBuchananMark Court / Sophie Cowles / Stephanie
WatsonTel: +44 (0) 20 7466 5000
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