Nanoco Group appoints Liam Gray as Chief Financial Officer

Nanoco Group plc

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials emanating from its technology platform, today announces that it has appointed Liam Gray to the Company’s Board in the role of Chief Financial Officer with effect from 8 November 2021. Liam will continue to serve as Nanoco’s Company Secretary.

Liam has been serving as Nanoco’s UK Finance Director and Company Secretary since September 2020, having joined the Company in March 2019 in the role of Group Financial Controller. Prior to joining Nanoco, Liam held a number of senior finance roles in public and private companies. He began his career with KPMG and qualified as a chartered accountant in 2012.

Brian Tenner, CEO of Nanoco, commented:

“I am delighted to welcome Liam to Nanoco’s Board. He has been invaluable in assuming many of my former responsibilities post the recent Board changes. This appointment will support the Board’s pursuit of the significant value creation opportunities in our organic business activities and litigation against Samsung.”

Disclosures required pursuant to Listing Rule 9.6.13: Liam Frederick Gray has not held directorships in the last five years in any publicly quoted companies. Mr Gray personally holds 35,418 shares in the Company.

There are no further disclosure requirements under Listing Rule 9.6.13 in respect of these appointments.

The company went on to announce that it has signed an agreement with an important European electronics customer for the delivery of an enhanced version of its technology.

This additional delivery supports the Board’s revenue expectations for FY22 (the financial year ending 31 July 2022), which are consistent with the £2.0m of revenue generated in FY21. The revenue from the third work package will contribute to the Group’s performance in the first half of FY22.

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Brian Tenner, Nanoco’s CEO, commented:

“This is an important next step in our electronics materials’ development project with this Customer. Each successful delivery of work package milestones takes us closer to potential product validation and commercial production orders in the short to medium term.

“Favourable trends continue in significant global sectors utilising infra-red sensors. Our confidence in the viability and applicability of Nanoco’s nano-materials grows steadily as we advance through each development stage, subject to final customer adoption of the technology in end use devices.”

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