Nanoco Group PLC Signs Joint Development Agreement with Osram (0567C)

TIDMNANO

RNS Number : 0567C

Nanoco Group PLC

13 October 2015

 
 For immediate release   13 October 2014

NANOCO GROUP PLC

("Nanoco" or the "Company")

Signs follow-on Joint Development Agreement with Osram

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a further follow-on joint development agreement with Osram, one of the world's largest lighting companies, in connection with the use of Nanoco quantum dots in lighting.

Nanoco has been working with Osram under joint development agreements since 2011 with the objective of delivering LED lighting with superior performance characteristics. Much of the technical work to date has focused on encapsulating Nanoco's cadmium-free quantum dots to optimise them for the operating conditions associated with LEDs.

Nanoco's cadmium-free quantum dot technology has the potential to transform LEDs so that they more efficiently produce bright, warm light with the ability to accurately reproduce colours.

Michael Edelman, Nanoco's Chief Executive Officer, said: "We're delighted to sign this latest joint development agreement with Osram and to continue this exciting work focused on creating LEDs with substantially improved colour performance. Lighting is a core target market for our cadmium-free quantum dot technology."

For further information, please contact:

 
 Nanoco                             Tel: +44 (0) 161 603 7900 
 Michael Edelman, Chief Executive 
  Officer 
 David Blain, Chief Financial 
  Officer 
 
 Canaccord Genuity - Joint Broker   Tel: +44 (0) 20 7523 8000 
 Simon Bridges 
  Cameron Duncan 
 Mark Whitmore 
 
 Liberum - Joint Broker             Tel: +44 (0) 20 3100 2000 
 Neil Patel 
 Richard Bootle 
  Steven Tredget 
 
 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 nano-materials 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 is listed on the main market of the London Stock Exchange and trades 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

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October 13, 2015 02:01 ET (06:01 GMT)

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