Last checked at 9 Jan 2015 07:00
For immediate release | 9 January 2015 |
NANOCO GROUP PLC
("Nanoco" or the "Company")
LG Electronics Partners with Dow
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that, further to the Company's announcement on 16 December 2014, LG Electronics has signed a partnering agreement with Dow Chemical Company ("Dow") in connection with the supply of Nanoco cadmium-free quantum dots for LG's Ultra HD TV range, which was launched this week at the Consumer Electronics Show (CES) in Las Vegas.
The full text of Dow's announcement on this partnering agreement can be viewed at this link: www.dow.com/news.
Michael Edelman, Nanoco's Chief Executive Officer, said: "We are delighted that LG has entered a formal partnering agreement with Dow, which has the scale and expertise to meet LG's quantum dot requirements. The launch this week of LG's Ultra HD TV at the Consumer Electronics Show in Las Vegas is a major milestone for Nanoco as it represents the first commercial product to incorporate our cadmium-free quantum dot technology. The colour quality of the LG Ultra HD TVs incorporating Nanoco's technology at CES is stunning."
For further information, please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Mark Sullivan, Interim Chief Financial Officer | |
Canaccord Genuity - Nomad and Joint Broker | Tel: +44 (0) 20 7523 8000 |
Simon Bridges | |
Cameron Duncan | |
Liberum - Joint Broker | Tel: +44 (0) 20 3100 2000 |
Simon Atkinson | |
Richard Bootle | |
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, 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 began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.