Member Info for Nanonano

Up until the loss of the STMicro contract, I considered they had a shout, but since then I can't see how they will ever become viable.

Relying on patent litigation for revenue isn't much an investment proposition. Nanoco seems unable to generate any significant business as a commercial supplier.

Who will be putting up the cash to fund any potential legal action? Because Nanoco don’t have the reserves to cover this, and I find it hard to believe a third party founder would be motivated to do so, as the scale of infringement is much lower than with Samsung and any award if won, would reflect that.

I wasn’t really expecting much from microled anyway. The fact is that existing technologies including LCD (without QD’s) are more than good enough for the vast majority of consumers, and I think much of the buzz around microled is by the Korean OEM’s trying to keep the Chinese OEM’s guessing, unsuccessfully I believe.

Had legislators banned the use of cadmium in display a few years ago, then Nanoco would have stood a good chance of establishing a healthy market for their cad free tech, but they acted too late, and the management of Nanoco placed their hopes on adoption of QD’s in infrared sensing, which is increasingly looking like that will also be much adopted much more slowly if it happens at all in significant volume.

Nanoco executives give me the impression of playing for time hoping something turns up to save the day, but at present it’s not looking too promising despite their optimism.

Is this a company trying to sell coals to Newcastle?

Essentially the larger market opportunities are mainly in display, but most of that market remains Samsungs, which is a done deal, and the other players seem either to be content with other suppliers (Shoei?) who may or may not be infringing, but no one has been named.

Even if they name an infringer, what is the potential for revenue. Original estimates for market share of QD display was circa 120m displays per annum, and I believe present volumes are around 30m, so around 25% of original estimates, and some of that will be cadmium based.

In sensing revenue opportunities look insignificant at present, mainly smaller niche companies trying to take a slice of the market occupied by InGaAs. Well within Nanoco’s supply capabilities, yet once again no news of any business coming Nanoco’s way.

The big divi has moved on to pursue other opportunities.

I remember the CEO of this company stating years back that the development was done, the product was ready they were out to do business. Since then two CEO's have been shown the door, and we're still waiting to see any serious orders.

I've never doubted the quality of their inventions, but I do have to consider that this company may simply have missed the boat when it comes to becoming a viable business.

"SiGe is inferior with respect to speed, dark current, and potential pixel pitch."

QD's are sensitive to degradation in heat. All the same it's not always the best technology that becomes mainstream, simply the most cost effective that gets the job done with the least issues.

STMicro not ‘Santa’. Autocorrect!

Asian customer is still a long way from commercialisation, all assuming it reaches that point, could simply end up in the dumpster like STMicro.

Tower semiconductor alongside Trieye seem to be pushing ahead with SiGe sensor technology, and I am inclined to think this could become the standard as it looks like Santa I or are also engaged with SiGe.

Display has never reached the original forecasts, with the market share of QD display less than a fifth of what analysts originally expected it to be by this stage. Consumers by and large are content with conventional LCD in the main, with QD’s occupying the higher end- a much smaller niche.

The past six months or so have felt very similar to what happened back in 2019, when Apple dropped the contract, the company subsequently placed itself up for sale, then later withdrew owing to lack of offers, but then they announced they were suing Samsung for infringement, and the market saw some potential.

They don’t have that to fall back on this time. They have more cash now, but there are no other very large operators in the cad free QD space that I can see, and unless I am much mistaken that doesn’t look like it’s going to change anytime soon despite the company predictions on how they expect display to scale leading to 2030.

That leaves sensors, and with STmicro exited QDCMOS, visibility of revenue is as clear NIR in fog!

The executive team make a lot of optimistic statements, but present no evidence to back this up. Certainly the market doesn’t support such optimism.

The future for QD's in display and sensing is really difficult to predict at this time.

STMicro for instance don't appear to have abandoned SWIR sensing, but do look to me like they may be more interested in pursuing SiGe technology than QD enhanced CMOS. e.g. 5.8 D. Golanski, STMicrolectronics, "From NIR to SWIR CMOS Image Sensors: Technology Challenges and state-of-the-art"

https://tinyurl.com/4rnuesu9

In display, we still don't know who is infringing, some press reports that QD-OLED may be losing its crown to LG's new generation OLED. Beyond Samsung it's simply gueswwork who is using cad free as nanoco have not named any other infringers.

Sometimes technologies find early traction in the market, then lose it, then it returns some years later in a different form. Overall the technology isn't finished or lost, but companies can and do run out of time and money from poor strategy, and that doesn't restore the lost investments whose cash it took to develop them.

Nanoco are in a position where they have validated patents, but following the tender offer and buyback now lack the resources to challenge infringers, and also appear to have no other business, so still a cash burner.

How many times have we heard this….

Show us a contract for supply, however modest.

‘The image is generic.’

A bit like most of the company statements.

Where are these smaller sensor supply contracts that were supposed to be pending after STMicro walked away?

It's all guess work. There's been precious little from the company on this, just the usual mantra 'we believe anyone using cadmium free QD's is infringing Nanoco IP'.

Well big deal- how about naming who, and what are you going to do about it, because ultimately this infringement is screwing up revenue opportunity.

We have no idea if Hisense have infringed or not.

My money was more on LG and possibly TCL using cad free unlicensed. LG have reportedly dropped the use of QD’s in their latest QNED , which begs the question should they still be using the ‘Q’. I wonder if this shift has been made to sidestep potential legal problems?

Seems Hisense were the company punting QD-less QDTV's.

https://www.classaction.org/hisense-qled-tvs-lawsuit-investigation

Site messed up my link, try again-

https://tinyurl.com/5befpwad

https://www.lse.co.uk/rns/iqe-and-*****essent-partner-on-quantum-dot-for-ai-esmyvn4xl7sy8u3.html

Https://tinyurl.com/4kzys5yc