TIDMNANO
RNS Number : 5206R
Nanoco Group PLC
05 November 2021
FOR IMMEDIATE RELEASE 5 November 2021
Nanoco Group PLC
( " Nanoco, the " Group", or the " Company")
Additional Work Package for European Customer
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials emanating from its technology platform, today
announces that it has signed an agreement with an important
European electronics customer (the "Customer") for the delivery of
an enhanced version of its technology.
This additional delivery supports the Board's revenue
expectations for FY22 (the financial year ending 31 July 2022),
which are consistent with the GBP2.0m of revenue generated in FY21.
The revenue from the third work package will contribute to the
Group's performance in the first half of FY22.
Brian Tenner, Nanoco's CEO, commented:
"This is an important next step in our electronics materials'
development project with this Customer. Each successful delivery of
work package milestones takes us closer to potential product
validation and commercial production orders in the short to medium
term.
"Favourable trends continue in significant global sectors
utilising infra-red sensors. Our confidence in the viability and
applicability of Nanoco's nano-materials grows steadily as we
advance through each development stage, subject to final customer
adoption of the technology in end use devices."
- Ends -
For further information, please contact:
Nanoco Group PLC :
Brian Tenner, CEO +44 (0) 161 603 7900
Liam Gray, UK FD and & Company Secretary
+44 (0) 161 603 7900
Caroline Watson, Investor Relations Manager +44 (0) 161 603
7900
cwatson@nanocotechnologies.com
Peel Hunt:
Edward Knight
+44 (0) 20 7418 8900
James Smith
MHP Communications :
+44 (0) 203 128 8570
Reg Hoare
Pete Lambie
nanoco@mhpc.com
The person responsible for arranging for the release of this
announcement on behalf of Nanoco is Liam Gray, Company
Secretary.
MAR
The information contained within this announcement is considered
by the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014. Upon the publication
of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public
domain.
FORWARD LOOKING STATEMENTS
This announcement (including information incorporated by
reference in this announcement) and other information published by
Nanoco may contain statements about Nanoco that are or may be
deemed to be forward looking statements. Such statements are
prospective in nature. All statements other than historical
statements of facts may be forward looking statements. Without
limitation, statements containing the words "targets", "plans",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "estimates", "projects" or "considers" or other
similar words may be forward looking statements.
Forward looking statements inherently contain risks and
uncertainties as they relate to events or circumstances in the
future. Important factors such as business or economic cycles, the
terms and conditions of Nanoco's financing arrangements, tax rates,
or increased competition may cause Nanoco's actual financial
results, performance or achievements to differ materially from any
forward looking statements. Due to such uncertainties and risks,
readers are cautioned not to place undue reliance on such forward
looking statements, which speak only as of the date hereof. Nanoco
disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable
law.
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials.
Nano-materials are materials with dimensions typically in the range
1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group
exploits different characteristics of the quantum dots to target
different performance criteria that are attractive to specific
markets or end-user applications such as the Display, Sensor and
Electronics markets. An interesting property of quantum dots is
their absorption spectrum. Nanoco's HEATWAVE(TM) quantum dots can
be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications
including image sensors. Another interesting property of quantum
dots is photoluminescence: the emission of longer wavelength light
upon excitation by light of a shorter wavelength. The colour of
light emitted depends on the particle size. Nanoco's CFQD(R)
quantum dots are free of cadmium and other toxic heavy metals, and
can be tuned to emit light at different wavelengths across the
visible and infrared spectrum, rendering them useful for a wide
range of applications including displays, lighting and biological
imaging.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
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.nanocotechnologies.com.
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END
AGRDKPBBDBDDQDK
(END) Dow Jones Newswires
November 05, 2021 07:25 ET (11:25 GMT)
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