Last checked at 28 Nov 2016 07:00
For immediate release | 28 November 2016 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
Acquires Quantum Dot Patents from Kodak
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 acquired a group of patents from the Eastman Kodak Company ("Kodak") in connection with the use of quantum dots in electroluminescent displays, a future display technology.
This patent acquisition, which is in line with Nanoco's strategy of building its patent estate organically and by acquisition, reinforces the Company's intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays.
Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years. Display sales in the medium term are expected to remain dominated by liquid crystal display ("LCD") technology, which is Nanoco's current commercial focus.
The commercial terms of the patent acquisition are undisclosed.
Michael Edelman, Nanoco's Chief Executive Officer, said: "This patent purchase from Kodak broadens our intellectual property estate and commercial position in future display technologies. The vast majority of current displays are based on LCD technology and we expect LCDs to dominate display sales in the near and medium term. In the longer term, QLED displays could challenge current OLED displays and we aim to have a strong competitive position in this space in preparation for any market change. Our current focus remains driving near term revenue from the supply to the LCD industry of the Company's cadmium-free quantum dots manufactured and marketed by Nanoco and our licensees, Dow, Merck and Wah Hong."
This announcement contains inside information.
For further information, please contact:
Nanoco | Tel: +44 (0) 161 603 7900 | |
Michael Edelman, Chief Executive Officer | ||
David Blain, Chief Financial Officer | ||
Caroline Watson, Investor Relations Manager | Tel: + 44 (0) 7799 897357 | |
cwatson@nanocotechnologies.com | ||
Peel Hunt | Tel: +44 (0) 20 7418 8900 | |
Adrian Trimmings | ||
George Sellar | ||
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 nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, Nanoco has a non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial Corporation. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.
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.