Edison Flash Note – 16 July 2020
In May Nanoco announced it had taken actions to extend the cash runway from July this year to calendar year Q221. Since then it has signed a five year framework agreement with STMicroelectronics covering multiple infra-red sensing applications, won a development contract for a new
technology application in the display sector and secured third-partyfunding for its patent infringement lawsuit against Samsung. Having achieved these key goals, the company has now raised £3.4m to extend the cash runway to at least the end of calendar year 2022.
Read the full note here: Nanoco Fundraising extends cash runway further