Last checked at 10 Jun 2010 07:00
| For immediate release | 10 June 2010 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Signs Solar PV Agreement with Tokyo Electron
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of quantum dots and other nanomaterials, announces that it has signed a joint development agreement with Tokyo Electron, the major Japanese production equipment supplier, for the development of a solar photovoltaic (PV) nanomaterial film.
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.
Tokyo Electron is a major manufacturer and supplier of production equipment for the semiconductor, flat panel display and solar industries. Further information about Tokyo Electron is available at its website, www.tel.com.
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.
Michael Edelman, Nanoco's Chief Executive Officer, commented: "We are delighted to enter this agreement with Tokyo Electron, marking our first commercial relationship in the solar energy sector. We are confident that our nanomaterial technology has the potential to deliver highly efficient, printable, solar-active films and look forward to working with Tokyo Electron in making these commercially available."
For further information please contact:
| Nanoco | Tel: +44 (0) 161 603 7900 |
| Michael Edelman, Chief Executive Officer |
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| Michael Bretherton, Chief Financial Officer |
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| Bank of America Merrill Lynch - Corporate Broker | Tel: + 44 (0) 20 7996 2490 |
| Will Smith |
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| Zeus Capital | Tel: +44 (0) 161 831 1512 |
| Alex Clarkson |
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| Nick Cowles |
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| Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
| Mark Court / Christian Goodbody |
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Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots and other nanomaterials for use in multiple applications including lighting, solar cells and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass. Nanoco forms strategic partnerships with major end users across a range of applications.
Nanoco was founded in 2001 and is based in Manchester,UK. 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.nanocotechnologies.com.