Nanoco Group plc (LON: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, has today announced that it has completed a significant milestone established as part of the Material Development and Supply Agreement announced in February 2018 with its undisclosed US Customer.
This milestone (the third of three) has been completed within with the timetable set out in the agreement and reflects the significant progress being made. The total value of all milestones in this programme triggered to date is £4.2m with this third milestone valued at £1.6m.
Michael Edelman, Chief Executive of Nanoco Group plc, said:
“We are pleased to announce the delivery of the third and final milestone for our US Customer. We continue to discuss other potential services and deliverables and our aim is to deepen and lengthen our relationship with this important collaboration.”