Follow-on Lighting Agreement
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a follow-on joint development agreement with one of the world’s largest lighting companies.
This agreement follows the successful completion of a joint development agreement with the same lighting company, announced in August last year.
The objective of this follow-on agreement is to finalise the design and manufacture of a light emitting diode (LED) light incorporating Nanoco quantum dots for retro-fitting in commercial, residential and other settings.
LED lighting has many advantages over traditional lighting including long service life, reduced power consumption, compact size and shock resistance – but its colour performance is one factor that has limited its adoption. Current methods for producing white light from a blue LED tend to be weak in red wavelengths, creating the two problems that the light lacks warmth and fails to show true colours.