TIDMNANO

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                            Tel: + 44 (0) 7799 897357 
  Caroline Watson, Investor 
  Relations Manager 
  cwatson@nanocotechnologies.com 
 
 Canaccord Genuity - Joint           Tel: +44 (0) 20 7523 8000 
  Broker 
 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

END

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April 29, 2016 02:01 ET (06:01 GMT)

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