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May 10th, 2012
Nanoco achieves US$2m milestone for green quantum dots
Nanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has successfully produced a 1kg batch of green cadmium-free quantum dots for a major Japanese corporation, triggering a US$2 million payment to Nanoco.
Nanoco supplied a 1kg batch of red quantum dots to the same Japanese corporation last year, also attracting a US$2 million payment. The production of the green dots marks another major technical achievement by Nanoco because green dots are significantly more challenging than red ones due to their smaller size.
Michael Edelman, Nanoco's Chief Executive Officer, said: "We are delighted to have produced a 1kg batch of green quantum dots to the specification of this major Japanese customer. It is the first time that we have produced green quantum dots on this scale, marking a particular technical achievement as green dots are just a few nanometers in diameter - about half the size of red ones. We now look to forward to the customer progressing to the launch of quantum dot LEDs, and to our on-going supply of quantum dots."
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