NANOCO GROUP PLC — Regulatory Filings 2016

Apr 29, 2016

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RNS Number : 7546W

Nanoco Group PLC

29 April 2016

For immediate release	29 April 2016

NANOCO GROUP PLC

("Nanoco" or the "Company") 

First Royalty Payment in Display Market

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, is pleased to announce that it has been notified of its first royalty payment from The Dow Chemical Company ("Dow") following sales during the first three months of 2016 of Nanoco cadmium-free quantum dots from Dow's plant in Cheonan, South Korea.

Nanoco's first royalty income from licensing of its cadmium-free quantum dots, although modest, marks an important milestone in the commercialisation of Nanoco's technology.

Michael Edelman, Nanoco's Chief Executive Officer, commented: "Our first royalty income marks a milestone for Nanoco in the commercialisation of our cadmium-free quantum dot technology in the display market. We look forward with excitement to the successful rollout of our technology."

For further information, please contact:

Nanoco	Tel: +44 (0) 161 603 7900
Michael Edelman, Chief Executive Officer
David Blain, Chief Financial Officer Caroline Watson, Investor Relations Manager cwatson@nanocotechnologies.com	Tel: + 44 (0) 7799 897357
Canaccord Genuity - Joint Broker	Tel: +44 (0) 20 7523 8000
Simon Bridges Cameron Duncan
Mark Whitmore
Liberum - Joint Broker	Tel: +44 (0) 20 3100 2000
Neil Patel
Richard Bootle Steven Tredget
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 a non-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 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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