Nanoco Share News (NANO)

LONDON (Dow Jones)--Nanoco Group PLC (NANO.LN), a developer and manufacturer of quantum dots and other nanomaterials, Thursday announces that it has signed a joint development agreement with Tokyo Electron (8035.TO), a Japanese production equipment supplier, for the development of a solar photovoltaic (PV) nanomaterial film. MAIN FACTS: -This agreement marks Nanoco's first commercial relationship in the solar energy sector, building on the Company's existing relationships in the LED lighting market. -Under the terms of the agreement, Nanoco will develop a solar-active nanomaterial film for incorporation into Tokyo Electron's solar cell manufacturing equipment. -Nanoco will receive upfront and milestone payments during the nine-month development phase after which it is anticipated that a supply and license agreement will be signed. -Confident that Nonoco's nanomaterial technology has the potential to deliver highly efficient, printable, solar-active films. -Shares at 0730 GMT up1.5 pence, or 1.7%, at 89.0 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires June 10, 2010 03:32 ET (07:32 GMT)