Nanoco Group PLC LG Electronics Partners with Dow (7213B)
January 09 2015 - 2:00AM
UK Regulatory
TIDMNANO
RNS Number : 7213B
Nanoco Group PLC
09 January 2015
For immediate release 9 January 2015
NANOCO GROUP PLC
("Nanoco" or the "Company")
LG Electronics Partners with Dow
Nanoco Group plc (AIM: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, announces that, further to the Company's
announcement on 16 December 2014, LG Electronics has signed a
partnering agreement with Dow Chemical Company ("Dow") in
connection with the supply of Nanoco cadmium-free quantum dots for
LG's Ultra HD TV range, which was launched this week at the
Consumer Electronics Show (CES) in Las Vegas.
The full text of Dow's announcement on this partnering agreement
can be viewed at this link: www.dow.com/news.
Michael Edelman, Nanoco's Chief Executive Officer, said: "We are
delighted that LG has entered a formal partnering agreement with
Dow, which has the scale and expertise to meet LG's quantum dot
requirements. The launch this week of LG's Ultra HD TV at the
Consumer Electronics Show in Las Vegas is a major milestone for
Nanoco as it represents the first commercial product to incorporate
our cadmium-free quantum dot technology. The colour quality of the
LG Ultra HD TVs incorporating Nanoco's technology at CES is
stunning."
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 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 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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