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3 Oct 2011 07:00
For immediate release | 3 October 2011 |
NANOCO GROUP PLC
("Nanoco" or "the Company")
Signs Further Agreement with Tokyo Electron
Nanoco Group plc(AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a further agreement with Tokyo Electron, the major Japanese equipment supplier, following the successful completion of the initial phase of development of a nanomaterial-based solar film.
This further agreement represents the second phase of a joint development agreement (JDA) signed with Tokyo Electron in June 2010. The second phase is expected to take 12 months and will focus on further improving the performance of the solar film. Under the terms of the agreement, Nanoco will receive milestone payments.
Nanoco's solar film uses nanoparticles which are supplied as a bespoke solar ink. This ink can be printed using techniques developed by Tokyo Electron to create an efficient, low cost solar cell.
Michael Edelman, Nanoco's Chief Executive Officer, commented: "We are delighted to enter the second phase of this JDA after exceeding all of the milestones in the initial phase. We have been particularly pleased with progress to date, which underlines the potential of our technology in the solar power sector to replace highly capital intensive processes with high-tech chemistry."
For further information please contact:
Nanoco | Tel: +44 (0) 161 603 7900 |
Michael Edelman, Chief Executive Officer | |
Colin White, Chief Financial Officer | |
Bank of America Merrill Lynch - Corporate Broker | Tel: +44 (0) 20 7996 2490 |
Will Smith | |
Canaccord Genuity - Nomad and Joint Broker | Tel: +44 (0) 20 7050 6500 |
Simon Bridges | |
Cameron Duncan | |
Buchanan Communications | Tel: +44 (0) 20 7466 5000 |
Mark Court / Christian Goodbody |
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots 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.
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