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NANO.GB Nanoco Group Plc

22.00
0.50 (2.33%)
14:24:12 - Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
Nanoco Group Plc AQSE:NANO.GB Aquis Stock Exchange Ordinary Share GB00B01JLR99
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 2.33% 22.00 21.00 23.00 22.00 21.244 21.50 138,141 14:24:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Nanoco Group PLC Acquires Quantum Dot Patents from Kodak (2381Q)

28/11/2016 7:00am

UK Regulatory


TIDMNANO

RNS Number : 2381Q

Nanoco Group PLC

28 November 2016

 
 For immediate release        28 November 2016 
 

NANOCO GROUP PLC

("Nanoco" or the "Company")

Acquires Quantum Dot Patents from Kodak

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has acquired a group of patents from the Eastman Kodak Company ("Kodak") in connection with the use of quantum dots in electroluminescent displays, a future display technology.

This patent acquisition, which is in line with Nanoco's strategy of building its patent estate organically and by acquisition, reinforces the Company's intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays.

Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years. Display sales in the medium term are expected to remain dominated by liquid crystal display ("LCD") technology, which is Nanoco's current commercial focus.

The commercial terms of the patent acquisition are undisclosed.

Michael Edelman, Nanoco's Chief Executive Officer, said: "This patent purchase from Kodak broadens our intellectual property estate and commercial position in future display technologies. The vast majority of current displays are based on LCD technology and we expect LCDs to dominate display sales in the near and medium term. In the longer term, QLED displays could challenge current OLED displays and we aim to have a strong competitive position in this space in preparation for any market change. Our current focus remains driving near term revenue from the supply to the LCD industry of the Company's cadmium-free quantum dots manufactured and marketed by Nanoco and our licensees, Dow, Merck and Wah Hong."

This announcement contains inside information.

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             Tel: + 44 (0) 7799 
     Relations Manager                     897357 
    cwatson@nanocotechnologies.com 
 
    Peel Hunt                             Tel: +44 (0) 20 
                                           7418 8900 
    Adrian Trimmings 
    George Sellar 
 
    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, Nanoco has a 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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(END) Dow Jones Newswires

November 28, 2016 02:00 ET (07:00 GMT)

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