Nanoco Group PLC Commercial Supply and License Agreement (2270Q)
September 08 2017 - 4:34AM
UK Regulatory
TIDMNANO
RNS Number : 2270Q
Nanoco Group PLC
08 September 2017
NANOCO GROUP PLC
("Nanoco" or the "Company")
Commercial Supply and License Agreement in the Medical Devices
Sector
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, today announces that it has signed a Commercial
Supply and License Agreement with a US corporation in the field of
medical devices.
Nanoco will supply film product and other technologies for light
therapy products for the treatment of pain, soft tissue injury and
dermatologic conditions such as acne and skin anti-aging.
Nanoco continues to develop in Life Sciences as one of its
target markets and, as recently announced, the Life Sciences
division has made further progress in in-vivo optical imaging,
diagnosis and targeted therapy of cancer, being awarded an Innovate
UK Grant for a VIVODOTS TM programme in conjunction with University
College London targeting pancreatic cancer.
This announcement contains inside information as defined in
Article 7 of the Market Abuse Regulation No. 596/2014 ("MAR"). Upon
the publication of this announcement, this inside information is
now considered to be in the public domain. The Board note the
recent decline in the Company share price and confirm there has
been no change in the financial position of the Company since the
Company update on 25 August 2017 and following this announcement
there is no price sensitive information not in the market.
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 Tel: + 44 (0) 7799
897357
cwatson@nanocotechnologies.com
Peel Hunt
Tel: +44 (0) 20 7418 8900
Adrian Trimmings
George Sellar
MHP Communications Tel: +44 (0) 20 3128 8570
Reg Hoare / Andrew Leach / Giles Robinson / Pete Lambie
nanoco@mhpc.com
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, Nanoco has non-exclusive
manufacturing and marketing licensing agreements with The Dow
Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial
Corporation. Nanoco also has a strategy of direct sales in display
and in its other target markets, including lighting.
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
END
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