Nanoco Group PLC (NANO.LN), a developer and manufacturer of cadmium-free quantum dots and other nanomaterials, said Monday it has signed a further agreement with Tokyo Electron Ltd. (8035.TO), a Japanese equipment supplier, following the successful completion of the initial phase of development of a nanomaterial-based solar film.

MAIN FACTS:

-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 shares in London at 0730 GMT unchanged at 50 pence valuing the company at GBP102.69 million.

-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

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