LONDON--Nanoco Group PLC (NANO.LN), a developer of semiconductor
particles called quantum dots, Thursday reported "very significant
progress" in marketing its dots for the display industry, and said
its partner Dow Chemical Co. (DOW) is currently commissioning a
production plant in South Korea.
LG is the only display customer Nanoco has confirmed so far.
Shares have declined steadily in recent months, dropping 46% from
highs of 139 pence touched in March to 75 pence at yesterday's
close.
"In total, Nanoco is actively working with 11 display OEMs,
ranging from major multi-national companies, such as LG
Electronics, to emerging consumer electronics brands," the company
said.
"The work is focused on the incorporation of Nanoco's
cadmium-free quantum dots into the OEM customers' display products,
predominantly large screen televisions but also tablets and other
devices," it added.
Nanoco recently said it is stepping-up its efforts to
commercialize applications of its technology in the lighting
industry.
At 0814 GMT, shares tarded three pence or 4% higher at 79
pence.
Write to Ed Ballard at ed.ballard@wsj.com
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