Nanoco Group PLC AGM Statement (3185K)
December 13 2018 - 2:00AM
UK Regulatory
TIDMNANO
RNS Number : 3185K
Nanoco Group PLC
13 December 2018
13 December 2018
NANOCO GROUP PLC
("Nanoco", the "Group", or the "Company")
AGM Statement
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from our technology platform, will hold its
Annual General Meeting ("AGM") later this morning at its
headquarters in Manchester.
Dr Christopher Richards, Nanoco's Chairman, will make the
following statement in respect of the Group's trading performance
in the first four months of the financial year ending 31 July 2019
('the Period').
"Since we updated the market in mid-October with our preliminary
results, we have continued to make good progress in delivering the
various scopes of work for our US Customer for materials used in
the electronics industry. Our Runcorn facility expansion remains on
track to be completed by the end of the current calendar year and
we continue to deliver excellent performance in enhancing the
quality and performance of our next generation materials. The
Runcorn plant will enter its next development phase in January 2019
when it will undergo commissioning and stress testing prior to
commercial volume manufacture early in the first half of the next
financial year.
"In CFQD and Display, our focus has been on enhancing the
performance of our materials. Here too we are delivering improved
results to our licensees and application partners.
"We continue to work with a range of customers and partners on a
number of near term potentially transformative technological and
commercial activities. These opportunities span a wide range of
applications and end markets, emphasizing the platform nature of
our unique, patent protected nano-material technology. These
opportunities will support the business as it transitions through
this exciting phase in our evolution. We remain confident in
delivering the Board's expectations for our full year results."
- Ends -
For further information, please contact:
Nanoco Tel: +44 (0) 161 603 7900
Brian Tenner, Company Secretary
Caroline Watson, Investor Relations Tel: + 44 (0) 7799 897357
Manager
cwatson@nanocotechnologies.com
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. 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 and Electronics markets. One of the interesting properties
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 has non-exclusive manufacturing and marketing licensing
agreements in display with The Dow Chemical Company, Merck KGaA of
Germany and Wah Hong Industrial Corporation of Taiwan.
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.nanocogroup.com.
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END
AGMEANAAFASPFFF
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