TIDMNANO

RNS Number : 4446Z

Nanoco Group PLC

11 December 2014

 
 For immediate release   11 December 2014

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 continue to be pleased by the progress being made in our partnership with The Dow Chemical Company for the manufacture and marketing of Nanoco quantum dots for the display market. We are particularly excited about 2015 when, as previously announced, we expect Dow to begin mass production of our quantum dots in Cheonan, South Korea, by mid-year.

"We are currently producing quantum dots from our own production facility in Runcorn to satisfy demand from customers and potential customers ahead of Dow's mass production facility in Choenan coming on line.

"We look forward with confidence to the year ahead, during which time we expect to deliver further substantial progress in the commercialisation of our technology across our key target markets including display, LED general lighting, solar and bio-imaging."

For further information, please contact:

 
 Nanoco                             Tel: +44 (0) 161 603 7900 
 Michael Edelman, Chief Executive 
  Officer 
 Mark Sullivan, Interim Chief 
  Financial Officer 
 
 Canaccord Genuity - Nomad and      Tel: +44 (0) 20 7523 8000 
  Joint Broker 
 Simon Bridges 
 Cameron Duncan 
 
 Liberum - Joint Broker             Tel: +44 (0) 20 3100 2000 
 Simon Atkinson 
 Richard Bootle 
 
 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 nano-materials 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 offices in 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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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