Signs Follow-on Agreement
Nanoco announces that it has signed a follow-on joint development agreement with a major electronics company in Asia.
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 a major electronics company in Asia.
This agreement represents the second phase of an earlier agreement announced on 14 February 2012, which has been successfully completed. During this second phase, Nanoco will further optimise bespoke cadmium-free quantum dots for use in the Asian company’s LCD display products and in its LEDs for general lighting.
Discussions in relation to a commercial agreement with the Asian company and our manufacturing partner, The Dow Chemical Company, are progressing well and are separate to the current development work.
Michael Edelman, Nanoco’s Chief Executive Officer, said: “We’re delighted to have signed this follow-on agreement with a major electronics company in Asia following the successful completion of the initial phase of development work. We look forward to carrying out further development work during the current phase to optimise our bespoke cadmium-free quantum dots for the company’s LCD display products and LEDs for general lighting.”