Nanoco looking ahead to ‘landmark year’

CADMIUM-free quantum dots developer and manufacturer Nanoco Group believes 2016 will be a landmark year with its new facility in the South Korea delivering stellar results.

At its AGM in its home city of Manchester, the company reported that chief executive Dr Michael Edelman had returned from visiting Nanoco’s Far East partner Dow Chemical Company in Cheonan, where “high quality cadmium-free quantum dot batches to the required specification” for the screen display industry were being produced.

Nanoco chairman  Anthony Clinch said: “Dow’s success in demonstrating the scalability of Nanoco’s technology is a major milestone for us.

“The transfer to South Korea of the production of cadmium free quantum dots, which we previously expected to be performed in Runcorn, is being accelerated.
 
“As a result, we now expect the plant to be ready to supply material to meet potential customers’commercial requirements within the first quarter of calendar year 2016.
 
“Currently, they are being sampled with film that uses quantum dots produced in Nanoco’s Runcorn production facility.

“Dr Edelman met with Dow’s potential customers and we remain convinced of the huge commercial opportunity open to the Company in the display market.”

Clinch also said Nanoco’s Lighting Division, which was formed earlier this year, is making significant progress including the launch of four LED-based product groups at the recent LuxLive trade show in London.

“Nanoco continues to benefit from a strong balance sheet to support the commercialisation of its technology, continued product development and research. We believe that 2016 will be a landmark year in the Company’s development.”