Nanoco gears up for mass production

MANCHESTER technology company Nanoco expects mass production of its quantum dots to begin at a new factory in South Korea next year.

The business has been pioneering the production of quantum dots – tiny fluorescent particles of semiconductor material which have the ability to emit light – which are in demand by the makers of electronic goods because they consume less power than existing systems, and are free of heavy metals such as cadmium.

It has a deal with the Dow Chemical Company which is investing in the factory and expects to use the material to power millions of televisions and other displays.

In an AGM statement chairman Anthony Clinch said: “We continue to be pleased by the progress being made in our partnership with The Dow Chemical Company for the manufacture and marketing of Nanoco quantum dots for the display market. We are particularly excited about 2015 when, as previously announced, we expect Dow to begin mass production of our quantum dots in Cheonan, South Korea, by mid-year.

“We are currently producing quantum dots from our own production facility in Runcorn to satisfy demand from customers and potential customers ahead of Dow’s mass production facility in Choenan coming on line. We look forward with confidence to the year ahead, during which time we expect to deliver further substantial progress in the commercialisation of our technology across our key target markets including display, LED general lighting, solar and bio-imaging.”

Nanoco also has a long-term arrangement with the lighting manufacturer Osram, and is working on other applications such as printable solar panels and cancer imaging.

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