Member Info for Nanonano

Yes. There are lots of Apple patents featuring quantum dots. None to date have reached production AFAIK.

Also patents from STMicro for QD sensors if you search on Google patents. Also a Shin-Etsu QD patent from 2021 which gives me reason to think they may be the Asian chemical company Nanoco are working with. Long shot perhaps, but they are also suppliers to TMSC, Sony etc.

Yes. I think it’s one you can listen in on but not ask questions like on Investor meet.

Perhaps that's why they're not doing an investor meet. If all investors are going to do is grouse about the Samsung settlement, then there's not much point in a Q&A, as all the company will do is repeat what was said before.

These message boards tell you what most investors remain focused on.

Some say the board should go, well investors had a golden opportunity to give them the elbow a couple of months ago, and the verdict was unambiguously in favour of them remaining.

"how did you come to that conclusion on the QE of lead sulphide over InAs?"

It was in an article I was reading and they showed a graph with the QE of the different materials. Not specific to nanoco I might add. I can't find the article at present, will let you know if I locate it.

The RNS said they'll be a webcast, I assume with a link posted on Tuesday morning, usually how it goes.

No mention of investor meet or Q&A for investors at this time.

Maxi19, at present the QE of lead sulphide seems to be much higher than alternatives like InAs, so some work to do before alternatives are suitable for production?

Tiny amount of lead agreed, but lead still, perception perhaps rather than practicality? We'll see. Until they get some serious production figures, or any production figures at all, it's all speculation.

That would make more sense. License was for display only. I think the industry wants lead free materials before wider adoption though.

Samsung will be supplied by Hansol, as they always have. I believe that was also answered in the interims.

The settlement details were clear and followed up exhaustively in the interims. One of payment, no further royalties. If you’re hoping to see further payments from Samsung beyond the second tranche of the agreed settlement in February 24, then you’ll be disappointed.

If there’s further revenue from display it’ll come from elsewhere. The main near term revenue is focused on sensor materials.

Anyone who has been following the Apple press on Vision Pro and the lead-up to its final presentation to the public back in June at the WWDC, will recognise that the device was originally expected to be shown back in 2022, then it became early 2023, then spring 2023. Finally it appeared in June, however with a delayed release with no fixed date, just an 'early 2024'.

I think Apple would have preferred to have left the initial showing until next year or perhaps later this year, but too many leaks and speculation meant that they probably had their hand forced.

Apple are really pushing the limits of tech with this device and it's not without its issues. Pundits are now saying it's too heavy, and Apple are working hard to shed weight for the next model.

I realise it's presumptive to think the sensors are earmarked for the Vision Pro, but really at this stage I can't think of another product that's better suited to using enhanced infrared sensors.

Some have mentioned cars as the use, well that may well be in time, although I'm not sure if they've got round the issues of extreme heat that can affect the use of QD materials in cars.

With repeated delays in production outside of Nanoco's control, they could easily have found themselves in a situation where they needed more cash by 2025, and if financial conditions at the time made a cash raise difficult, your investment looks somewhat on shaky ground.

There's an awful lot of changes going on in display at present. Korean OEM's are facing some very tough competition from China. In many ways they look to be in a similar position to where the Japanese OEMS were before LCD screens became ubiquitous. The Koreans took a chance on LCD and won , but now they've sold all their LCD plants to China, as they can't compete with their labour rates.

The Koreans now seem to be focusing on OLED and MicroLED, but the volume of sales is much smaller and I can see LCD remaining as the predominant screen tech for the next ten to fifteen years ahead- the tech is mature and for most consumers it's good enough, especially when youi add in things like mini-LED and QD's.

Consequently it may be the likes TCL and Hisense that become the major players in the next few years for TV's taking the crown from Samsung and LG.

Whether Nanoco benefit from that will depend I think on how well they can protect their IP. It may prove to be that they cannot monetise it beyond 2028 if the seeding patents are the main thing preventing others from making dots.

I think it justifies an RNS, prior to the hedge the full amount was uncertain depending on currency fluctuation, now investors know what the amount will be.

The customer us STMicro. Why they subsequently asked not to be named is probably linked to who they in turn are likely to be supplying.

However they were named in the initial 2020 RNS for development and supply.

https://www.lse.co.uk/rns/NANO/quantum-dot-material-supply-agreement-c6yi3jxqcl05hvw.html

Subsequent RNS's state they were built on that initial deal, but the company was now referred to as 'the European electronics Customer'. STMicro have campuses and manufacturing Worldwide, including Holland, so the geography shouldn't skew your opinion.

A similar state of play with the significant 'Asian Chemical manufacturer', no names. I believe this customer is Shin-Etsu, but the evidence to support that is only circumstantial.

Mr Gibbs?

Are you getting your wires crossed with Ray Gibbs formerly of Haydale Graphene?

Sales are around £2.5m per year for around £7.5m in costs. There comes a point where a company can no longer raise cash to sustain a loss making concern.

Because we as investors expect to see commercial orders by or before the end of this year, as guided. If that doesn’t materialise, then we may look at whether the board is up to the job.

The action by TH was premature and is likely to fail IMO. Anyway only a couple more trading days until we get to find out the result.

From- https://www.investopedia.com/terms/c/closeperiod.asp

"The close period (or closed period) is the time between the completion of a listed company's financial results and the announcing of these results to the public. The close period is typically regarded as the one-month period preceding the release of a company's quarterly results, and the two-month period before the release of its annual results."

I believe we are not in a closed period, but fast approaching it. Not sure how the egm affects things.

The guidance is CY23 by December or before. If it’s for Vision Pro I suspect it’ll be around that time or perhaps a month earlier as Apple claim to be on schedule for early 2024 availability.

Understandable if investors are sceptical about it happening with all the NDA’s and past disappointment. Things do seem different than past deals, for instance Samsung wee quite happy to let Dow build a facility, and give Nanoco the impression they were going to offer a deal, only to drop them late in the game.

Compare that with Apple/STMicro. Apple changed the design of the product at the last minute, however they gifted the facility to Nanoco and waived any costs. STMicro continued the relationship with Nanoco and has doubled and tripled down with R&D since then.

A contract for good commercial volumes of QD's is essentialto increase the share price and underpin it.

Anything else is just a flash in the pan.

"Have noticed in previous messages you gave more specific indications of timescales in possible developments. Strangely, missing today !"

Not relevant to the topic being discussed. My position remains unchanged from previous comments though.

"You mentioned Tariq and his 'tourettes'. Could you please explain what you meant by the term ? "

No.

Samsung have a license to use Quantum dots for display, but they do not have a license to use them in sensors. VR/XR requires lots of sensors operating in the infrared spectrum.

Samsung are working on organic photodiodes, but they are reportedly a long way from commercialisation, if they ever achieve it.

TG2D, what other technology can be used to make accurate and power efficient infrared sensors that is inexpensive enough for consumer devices?

We know they got shafted by Samsung.

Nanoco, tiny little company, almost zero revenue, working with hairy edge technology that still has a very narrow market e.g. display, nothing much beyond that- so far.

Now the company is in a very different place to where it was this time last year. They have cash, with more coming, with a key core market beyond display (which is still not dead) in sensing and the ability to negotiate stricter contracts and capital to chase infringers.

Crucially they're not going to go bust in a very precarious economic environment.

Tariq and his tourettes are trying to play Nanoco investors for suckers.

I believe Samsung will need to work with Nanoco in the future, if they're not already. They have big plans for VR/XR, and if they want to get close to what Apple are doing they're going to need to absorb most of the technology they've put in their Vision Pro. The benchmark has been set, just as Apple did with the iphone.