Nanoco Group PLC Commissioning of Cheonan Plant (7674R)
July 01 2015 - 1:00AM
UK Regulatory
TIDMNANO
RNS Number : 7674R
Nanoco Group PLC
01 July 2015
For immediate release 1 July 2015
NANOCO GROUP PLC
("Nanoco" or the "Company")
Commissioning of Cheonan Plant
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, confirms that commissioning of the Cheonan, Korea,
quantum dot facility being built by The Dow Chemical Company
("Dow"), Nanoco's worldwide licensing partner for quantum dots in
the display industry, is under way and customer sampling is
expected to begin in Q3, 2015.
Michael Edelman, Nanoco's Chief Executive Officer, commented:
"We are pleased with the progress that Dow has made in the
construction of the cadmium-free quantum dot plant in South Korea.
Orders for cadmium-free quantum dots will continue to be satisfied
from Nanoco's production facility in Runcorn, UK, until the time
that the Cheonan plant enters commercial production."
For further information, please contact:
Nanoco Tel: +44 (0) 161
603 7900
Michael Edelman, Chief Executive
Officer
Mark Sullivan, Interim Chief
Financial Officer
Canaccord Genuity - Joint Broker Tel: +44 (0) 20
7523 8000
Simon Bridges
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 an 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.nanocotechnologies.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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