Nanoco’s bullish as overseas demand grows

HI-tech manufacturer Nanoco has forged links with a series of customers in Korea, China, Japan and the US as it works with 11 original equipment manufacturers (OEMs) ranging from multi-national companies to consumer electronics brands.

The Manchester AIM-listed company is focused on the incorporation of Nanoco’s cadmium-free quantum dots into the OEM customers’ display products, predominantly large screen televisions, but also tablets and other devices.

Sample material to support the process are being supplied from Nanoco’s Runcorn production facility.

The pace of this work with display OEMs has increased in the run-up to The Dow Chemical Company (“Dow”), Nanoco’s worldwide licensing partner for display applications, commissioning its mass production plant in South Korea.

As announced earlier this month, Dow has completed construction of the plant and is currently commissioning it ahead of customer sampling expected during Q3 2015.

Nanoco is also making progress in the commercialisation of its quantum dot technology in lighting and has recently formally established its lighting division as a focus for activities in the sector.

The Company has already received orders through its relationship with Marl International Limited, a niche lighting supplier, and continues to work with Osram under a joint development agreement.

Chief executive Michael Edelman said: “We are continuing to make excellent progress with the commercialisation of our technology in the display industry.

“The Dow mass production plant in Cheonan, South Korea, is currently being commissioned and we look forward to the start of commercial production from the plant.

“We are continuing to work on the commercialisation of our technologies in our other target areas, with lighting being the most advanced to date.

“The use of Nanoco’s CFQD® quantum dots in a range of lighting products has grown to the point that has justified the formation of a standalone division to accelerate commercialisation in this area.”

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