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Oct 8th, 2011
Nanoco signs further agreement with Tokyo Electron
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 signed a further agreement with Tokyo Electron, the major Japanese equipment supplier, following the successful completion of the initial phase of development of a nanomaterial-based solar film.
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This further agreement represents the second phase of a joint development agreement (JDA) signed with Tokyo Electron in June 2010. The second phase is expected to take 12 months and will focus on further improving the performance of the solar film. Under the terms of the agreement, Nanoco will receive milestone payments. Nanoco's solar film uses nanoparticles which are supplied as a bespoke solar ink.  This ink can be printed using techniques developed by Tokyo Electron to create an efficient, low cost solar cell.
Michael Edelman, Nanoco's Chief Executive Officer, commented: "We are delighted to enter the second phase of this JDA after exceeding all of the milestones in the initial phase. We have been particularly pleased with progress to date, which underlines the potential of our technology in the solar power sector to replace highly capital intensive processes with high-tech chemistry."


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