Nanoco Group PLC AGM Statement (9371T)
30 November 2021 - 6:00PM
UK Regulatory
TIDMNANO
RNS Number : 9371T
Nanoco Group PLC
30 November 2021
30 November 2021
NANOCO GROUP PLC
(" Nanoco ", the "Group", or the "Company" )
AGM Statement
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from our technology platform, will hold its
Annual General Meeting ("AGM") later this morning. Details of the
arrangements were included in the Notice of Meeting issued on 28
October 2021.
The Chairman of the meeting will make the following statement in
respect of the first three months of the financial year ending 31
July 2022 ('the Period').
Operational and trading update
Financial performance in the Period has been in line with the
Board's expectations. We continue to deliver R&D services under
a number of contracted development programmes with different
customers in the sensing market, which include the additional work
package for our European customer announced on 5 November. Good
progress has been made on these projects during the Period and
discussions on potential next steps are underway.
Samsung Litigation Update
As outlined in the Group's Preliminary results on 3 November,
the litigation against Samsung in the Eastern District of Texas is
currently on hold while the US Patent Office conducts Inter Partes
Reviews ('IPR's) to establish the validity of the patents relevant
to the case. The Board is very pleased with the progress of the
court process and the IPR process to date. We look forward to the
conclusion of the IPR process which is due in May 2022.
The Board remains confident of an outcome to the litigation that
will be potentially transformative for the Group's prospects and
shareholder value.
- Ends -
For further information, please contact:
Nanoco Tel: +44 (0) 161 603 7900
Brian Tenner, Chief Executive Officer
Liam Gray, Chief Financial Officer and Company Secretary
Caroline Watson, Investor Relations Manager
cwatson@nanocotechnologies.com
MHP Communications Tel: +44 (0) 20 3128 8570
Reg Hoare / Pete Lambie
nanoco@mhpc.com
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) harnesses the power of nano-materials.
Nano-materials are materials with dimensions typically in the range
1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group
exploits different characteristics of the quantum dots to target
different performance criteria that are attractive to specific
markets or end-user applications such as the Display, Sensor and
Electronics markets. An interesting property of quantum dots is
their absorption spectrum. Nanoco's HEATWAVE(TM) quantum dots can
be tuned to absorb light at different wavelengths across the
near-infrared spectrum, rendering them useful for applications
including image sensors. Another interesting property of quantum
dots is photoluminescence: the emission of longer wavelength light
upon excitation by light of a shorter wavelength. The colour of
light emitted depends on the particle size. Nanoco's CFQD(R)
quantum dots are free of cadmium and other toxic heavy metals, and
can be tuned to emit light at different wavelengths across the
visible and infrared spectrum, rendering them useful for a wide
range of applications including displays, lighting and biological
imaging.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com.
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END
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