Nanoco Group signs agreement for European customer

Nanoco Group

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, has announced 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.

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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