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Nanoco Group PLC (PK)

Nanoco Group PLC (PK) (NNOCF)

0.165
-0.0112
(-6.36%)
Closed 04 December 8:00AM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
0.165
Bid
0.0974
Offer
0.28
Volume
62,225
0.165 Day's Range 0.165
0.0974 52 Week Range 0.31
Market Cap
Previous Close
0.1762
Open
0.165
Last Trade
27225
@
0.165
Last Trade Time
Financial Volume
US$ 10,267
VWAP
0.165
Average Volume (3m)
10,331
Shares Outstanding
202,388,487
Dividend Yield
-
PE Ratio
2.68
Earnings Per Share (EPS)
0.05
Revenue
5.62M
Net Profit
11.09M

About Nanoco Group PLC (PK)

Sector
Coml Physical, Biologcl Resh
Industry
Coml Physical, Biologcl Resh
Headquarters
Middlesex, Gbr
Founded
-
Nanoco Group PLC (PK) is listed in the Coml Physical, Biologcl Resh sector of the OTCMarkets with ticker NNOCF. The last closing price for Nanoco (PK) was US$0.18. Over the last year, Nanoco (PK) shares have traded in a share price range of US$ 0.0974 to US$ 0.31.

Nanoco (PK) currently has 202,388,487 shares in issue. The market capitalisation of Nanoco (PK) is US$35.66 million. Nanoco (PK) has a price to earnings ratio (PE ratio) of 2.68.

NNOCF Latest News

Nanoco Group Signs Second Pact With Tokyo Electron

Nanoco Group PLC (NANO.LN), a developer and manufacturer of cadmium-free quantum dots and other nanomaterials, said Monday it has signed a further agreement with Tokyo Electron Ltd. (8035.TO), a...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0112-6.356413166860.17620.17620.16526000.1762CS
40.03526.92307692310.130.17620.101178060.1162646CS
120.067669.40451745380.09740.20160.0974103310.13550469CS
26-0.055-250.220.23010.0974101530.15028299CS
52-0.035-17.50.20.310.097498880.19067408CS
156-0.235-58.750.410.0329120950.28850563CS
260-0.015-8.333333333330.181.520.0021165300.23957505CS

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NNOCF Discussion

View Posts
BigE1960 BigE1960 4 years ago
Huh?
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DJPele DJPele 4 years ago
Down the ship goes! Too bad for this investment.

So much potential /s
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ih8aloss ih8aloss 5 years ago
Abandon ship, at least some of the insiders have/are: https://simplywall.st/stocks/gb/semiconductors/lse-nano/nanoco-group-shares#insider_trading?utm_medium=finance_user&utm_source=post&utm_campaign=Conc_ticker&blueprint=689768

"Nanoco Group individuals insiders have sold more shares than they have bought in the past three months."
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BigE1960 BigE1960 5 years ago
It was clearly just a factual correction to this. Whether he just made an innocent mistake or an intentional misstatement, Nanoco has very little debt and certainly a small fraction of the company Bill actively promotes.
I always thought they were too heavily in dept to their lenders.
Whether it is a good buy or not has nothing to do with my statement but thank you for that perfect example of a strawman.
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rodman rodman 5 years ago
So does this make Nano a good buy? NOT!
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trevorbc trevorbc 5 years ago
Crying in your cornflakes still?
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BigE1960 BigE1960 5 years ago
NANO has 1/7th the debt of QMC. Only 420,000 BPS.
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ih8aloss ih8aloss 5 years ago
Luckily I had no skin in the game here. I always thought they were too heavily in dept to their lenders. Though I do like Dotz Nano in Australia but they don't trade in the US market.
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rodman rodman 5 years ago
Glad I packed up and left. Smell the roses NNOCF could rebound a bit a retract!
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ih8aloss ih8aloss 5 years ago
OUCH!
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willlbone willlbone 5 years ago
Nice 80% drop.
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BryanC BryanC 6 years ago
I would like to have an account with a London stock exchange broker to buy “real” shares of Nanoco. Have no time to investigate and setup such an account.
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BryanC BryanC 6 years ago
I hear you, if I remember right, you loaded up the truck with QTMM as well, so good luck to us and the QTMM Longs.
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rodman rodman 6 years ago
Well your definately in the money! Good play my friend!! Let me know if you any Nanoco news. Huge potential as well I believe!
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BryanC BryanC 6 years ago
Beware of the low volume of this OTC NNOCF stock.
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BryanC BryanC 6 years ago
Hey, Rodman, yes this is a UK based company, trades on the London stock exchange. The OTC stock attempts to track it. Although, today I am keeping a close eye on my truck load of QTMM.
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rodman rodman 6 years ago
Watch this one. In understand their base is in the UK! Anyone verify this?
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BryanC BryanC 6 years ago
have not traded NNOCF based on some of the issues I mentioned earlier. Note someone recently paid way too much! Note the main Nanoco stock on the London exchange is trading for about 40 GBp (about 50 cents US).
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rodman rodman 6 years ago
Thanks been out of the country. Have you acquired & sold recently. Looks like there are some brokers with trading restriction or OTC restrictions?
Come back?
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BryanC BryanC 6 years ago
NANOCO put out a press release last night. Should be on their web sight. Seeking Alpha web site has it listed.
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rodman rodman 6 years ago
Thanks thats informative moving forward! Thinly traded shares of non-US based companies present a risk assessment. NANOCF appears to have big plans or maybe dreams! TY! rod
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BigE1960 BigE1960 6 years ago
Actually, I said you could trade as many shares as you want.

The bid and ask only matter if you are looking to trade hundreds of dollars, not thousands or 10's of thousands of dollars.
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BryanC BryanC 6 years ago
Good move selling shares at the daily high of 55 cents. Looking at the 1 year chart, and the news of the contract with the US Corporation, it is not likely NNOCF will trade below 40 cents in the near future. That could change on disappointing news or cash flow problems, etc. With the thinly traded OTC Market with wide bid / ask spread, your 38 cent bid might get filled on a lucky break. Nothing wrong with that. I signed up for e-mail news subscription with NANOCO on their web site: http://www.nanocotechnologies.com/
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rodman rodman 6 years ago
I hear you BryanC and actually I sold most of my position Friday at .55.
Although there is potential here the lack of volume at least short term may drive the pps down. Now enter a contract and if it is Apple as rumored it could run. I got your mail and will stay in touch! For right now I put a limit in at .38? We'll see what unfolds with QTM BTW. Surprised they would not have been approached by Apple! Bear in mind Nanoco is a British company and thinly traded as BigE1960 states!
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BryanC BryanC 6 years ago
Correction: "QTC Markets" should be "OTC Markets"
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BryanC BryanC 6 years ago
Hey Rodman, now that you have brought NNOCF to my attention. I found an press release (earnings call transcript for period ending 31 Jan 2018) from April 2018 listed on Seeking Alpha where the CEO reported on their progress and future opportunities. Mentioned contract with large US Corp. Mentioned some initial revenue of about 300K for one tech area. NNOCF is thinly traded. The QTC Markets web site states that there are no registered market makers for NNOCF. Pay attention to recent post from BigE1960 with advice on trading NNOCF. I do not own any NNOCF shares. I may buy some NNOCF this coming week. Need to do some more research. right now all my "quantum dot" chips are on QMC (QTMM).
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rodman rodman 6 years ago
Thanks thats good info to know. I'll move my position with caution. Right now were just nibbling! Thx!
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BigE1960 BigE1960 6 years ago
This is a tracking product. It is not very independent of NANO (LSE). Buy and sell as many shares as you want by adding (or subtracting) a premium from the NANO price so the MM makes money on the transaction. That's how I've seen it work. For example, the last trade over in London was 37.2p or $0.48. Bid $0.51 and you'll get a trade for as many shares as you want, and often for a slightly lower price than your bid. It is not going to rise wildly here on the pennies without the real company shares leading the way and doing the same.

There is no value to pumping it here.
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rodman rodman 6 years ago
Pipiros keep your guard up newbie's can invade as an undercover M/M's and manipulate. My take is if Nanaco signed a deal with Apple for a new QD generation Iphone it will still be a while before a roll out. Money and a contract could be in the 10's of millions of more. What about a new market for Apple like the display market! That would be huge. I'm looking for a sginificant buy in soon! rod
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rodman rodman 6 years ago
Don't know putting in a buy for 10 shrs at .53? Let you know! Just picked up 10shs at .545! Hmm get set here we go! News can spread fast!
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ipiros ipiros 6 years ago
Is the ask 3.20 or are you getting shares at .53
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rodman rodman 6 years ago
ALERT ALERT news of a US company deal first surfaced in 2/18.....

https://www.streetinsider.com/Analyst+Comments/Deutsche+Bank+Starts+Nanoco+Group+PLC+%28NANO%3ALN%29+%28NNOCF%29+at+Buy%3B+Two+Agreements+with+Apple/14664521.html

Just keep your eye on this one while I buy all the shares I can get!
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rodman rodman 6 years ago
Deutsch Bank just initiated coverage Nanoco!

https://www.streetinsider.com/Analyst+Comments/Deutsche+Bank+Starts+Nanoco+Group+PLC+%28NANO%3ALN%29+%28NNOCF%29+at+Buy%3B+Two+Agreements+with+Apple/14664521.html
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rodman rodman 6 years ago
Is this trading? Really, really odd! An ask on etrade of $3.20 really puts it my radar!
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rodman rodman 6 years ago
Twelve month high 4/27/18 was .68 so maybe we have something here and we get luck and real news?
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rodman rodman 6 years ago
What about that 02/18 post you made about news? Wonder if that was an Apple alert as well?
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rodman rodman 6 years ago
You still hooked into NNOCF BrynaC?
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rodman rodman 6 years ago
Well Nanoco is trading picked up 1233 shs to test it! Lets see some traffic and real news and this one will run over night?
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rodman rodman 6 years ago
This one could be on the move with an Apple partnership?
NNOCF looks like a buy at .48?
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BryanC BryanC 7 years ago
I found NNOCF listed with Schwab as an OTC Pink slip stock which I assume it tracks NANOCO main stock NANO on the London Exchange (XLON). So NNOCF should be tradable with a US broker (apparently Schwab). As you may have noticed, NNOCF rallied earlier this month about Feb 8th on news of the agreement with a US company. I might consider putting in a "low ball" bid of about 40 cents on NNOCF, might get lucky. Tired of over paying for penny stocks. Hopefully QTMM will eventually get their share of the QD action soon. I am holding by 100,000 shares of QTMM until there is no hope. I hope this helps.
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hookem hookem 7 years ago
OK, I yield, what is the best way to go about buying this stock since it is on the London stock exchange.
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clearsudden clearsudden 11 years ago

http://rohs.exemptions.oeko.info/fileadmin/user_upload/RoHS_IX/Nanoco_and_Dow_RoHS_Stakeholder_Meeting_Presentation_13_12_13_final.pdf

http://www.iii.co.uk/investment/detail?code=cotn:NANO.L&display=discussion&threshold=0&action=detail&id=11024633

http://www.sharesmagazine.co.uk/articles/nanoco-to-emerge-from-negative-spin#.UvzCOvldV8E
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clearsudden clearsudden 11 years ago
3 Things to Note About Nanoco
http://www.nanalyze.com/2013/10/3-things-to-note-about-nanoco/
October 25, 2013 By Nanalyze Leave a Comment

Nanoco_Logo





In a previous article published in July, we highlighted Nanoco (LON:NANO), a pure-play publicly traded company for investors looking for exposure to the quantum dot story. Since our last article, Nanoco has made several significant announcements and released their preliminary results just several weeks ago.

Mid-Year Revenue Analysis
Revenue for the first 6 months of the year increased by 33% to $6.3 million USD compared to the same period in 2012. Included within this revenue was $1 million USD from Dow Chemical earned under the license agreement signed in January 2013. A breakdown of Nanoco’s 2013 revenues so far this year can be seen below in British pounds:

Nanoco_Revenues

Nanoco_Revenues2

Included within the “rendering of services” revenue category is revenue from two material customers amounting to £1,573,000. Included within “royalties and licences” is revenue from two material customers amounting to £1,702,000.

Increased Production Capacity
Nanoco has completed the expansion of its quantum dot production facility with the installation of two Semi-Tech lines at a planned cost of approximately $2 million USD. The company also announced that the terms of its global licensing agreement with DOW have been amended to waive the requirement for Nanoco to contribute capital to the production plant Dow is preparing to build in Asia. In return, the royalty rate that Nanoco would receive from Dow’s sale of quantum dots has been reduced.

Recent Fund Raising
As of the end of 2012 Nanoco had around $16 million USD cash available. In the preliminary results issued on October 14, management stated that based on forecasts made up to 31 December 2014 the company would not need to raise equity finance. These forecasts assumed that Dow received a customer commitment, commissioned its production facility and would be able to start shipping CFQD material in the first half of 2014. Management stated that in the event that there were delays in a customer commitment or in the commissioning of Dow’s new production facility or no customer commitment was achieved, the Group would either find cost or capital savings or would need to raise equity finance. Just a day after these statements were released along with the preliminary results, Nanoco announced the closing of a $16 million share placement. Based on the prior statements made, it could be assumed that there have been delays in Dow securing a customer commitment and/or delays in commissioning the new production facility.

On the contrary, in a October 14th article published by Investor’s Chronicle, Nanoco’s chief executive, Michael Edelman, is quoted as saying Nanoco expects their first commercial contract – probably with the big Korean TV manufacturers – “soon”. In this same article Liberum Capital expects Nanoco to achieve a $5.6 million pre-tax profit in 2015. Liberium also expects LED lighting projects, high-tech solar film and cancer imaging are also likely to make big contributions further down the line. Nanoco has a joint development agreement with Osram, one of the world’s largest lighting companies, and an agreement with Tokyo Electron for the on-going development of a printable, nanomaterial-based solar film. Nanoco recently announced achieving a solar cell efficiency of 12-13% nearing the 15% mark which is deemed commercially viable. Nanoco is stated by Investor’s Chronicle to be currently a “speculative buy”.
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clearsudden clearsudden 11 years ago
Dow deal helps drive Nanoco revenues by 34%
MANCHESTER-based nanotechnology firm Nanoco saw losses widen last year but it is confident about future prospects due to a major commercial deal it set up in January.

The business makes quantum dots - tiny fluorescent particles of semiconductor material which have the ability to emit light. They are in demand by the makers of electronic goods because they consume less power than existing systems.

In January it agreed a deal with US conglomerate, the Dow Chemical Company, which gave it exclusive worldwide rights for the sale, marketing and manufacture of Nanoco's quantum dots for use in electronic displays.

Dow is now setting up its own factory but Nanoco, which takes a royalty from the deal, has already earned more than £600,000 which contributed to stronger sales in the year to July - £3.9m, up from £2.9m. Pre-tax losses were higher at £5m, from £4.3m due to the cost of completing previously agreed quantum dot orders.

Chairman Anthony Clinch said: "Our partnership with Dow for the mass manufacture of Nanoco quantum dots to supply the display market is proceeding well and continues to be a major focus for the business. Additionally, the company's development agreements with Osram and Tokyo Electron are progressing well.

"We look forward to building on a year of solid progress in the commercialisation of our technology and view the future with confidence."

During the year the company added 30 staff and continued to work on other uses for its technology. In October 2012 it signed a joint development agreement with Osram, one of the world's largest lighting companies, and in November it agreed to continue working with Tokyo Electron on the development of a printable, nanomaterial-based solar film. It is also working with the University College London on the imaging of lymph node cancer.
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clearsudden clearsudden 11 years ago
Nanoco awaits call from Korea

Nanoco (NANO) is closer to realising significant income from its semiconductor nanoparticles - so-called 'quantum dots'. After signing a licensing deal with Dow Chemical in January, the Americans have said commercial production will begin in 2014's first half. Nanoco's chief executive, Michael Edelman, expects the first commercial contract - probably with the big Korean TV manufacturers - "soon". That could open the floodgates and put Nanoco on the map.

Indeed, about 15m large LCD televisions are sold every year, more than half by Korea's Samsung and LG. Each 60-inch TV will use one gramme of quantum dots, which will vastly improve its colours - there will be similar results for smartphones, tablets and computer screens, too. Revenue has already risen sharply after Dow paid Nanoco $1m (£0.63m) and various milestone payments were triggered in the Far East. But costs have, too, and £661,000 spent hiring another 16 mostly technical staff increased group losses.

But this investment should pay off. Liberum Capital expects an adjusted pre-tax loss of £7.6m in 2014, giving an adjusted loss per share of 3.1p (2013: £4.2m loss/1.7p loss per share). But in 2015, following a full-year of production, the broker expects a £3.5m pre-tax profit and EPS of 1.5p, rising to 13.9p the year after and 35.5p in 2017. LED lighting projects, high-tech solar film and cancer imaging are also likely to make big contributions further down the line.
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clearsudden clearsudden 11 years ago
Nanoco Group looks for £10m to fund its continued growth
15 October 2013 | 12:41pm
StockMarketWire.com - Nanoco Group (AIM: NANO) has announced its intention to raise approximately £10m from a placing via an accelerated bookbuild in order to fund the company's continued growth.

It has placed 6,369,427 new ordinary shares of 10p each at a price of 157 pence per share.

Nanoco Group's chief executive officer, Michael Edelman, said: "During the past few months we have made rapid progress with the commercialisation of our technology and with the development of our manufacturing capacity. The additional funds to be raised in this placing will assist our efforts to realise our strategy and to deliver value to our shareholders."
- See more at: http://www.stockmarketwire.com/article/4687380/Nanoco-Group-looks-for-10m-to-fund-its-continued-growth.html#sthash.IxmRPRPs.dpuf
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clearsudden clearsudden 11 years ago
Smithers Apex Launches New Quantum Dots Forum Alongside Phosphor Global Summit 2014

March 26th at the Paradise Point Hotel in San Diego, California
Quantum Dots Forum 2014
Phosphor Global Summit 2014
October 09, 2013 01:48 PM Eastern Daylight Time

PORTLAND, Maine--(EON: Enhanced Online News)--Smithers Apex is pleased to announce the launch of an inaugural half day event, the Quantum Dots Forum. Taking place March 26, 2014 at the Paradise Point Hotel in San Diego, California, the Quantum Dots Forum will precede the 12th annual edition of the Phosphor Global Summit 2014.

“If you consider yourself a part of the quantum dots community, you can’t miss this opportunity to brainstorm with technologists, researchers, business development executives, and entrepreneurs”

The Quantum Dots Forum will be chaired by Seth Coe-Sullivan, Co-founder and Chief Technology Officer, QD VISION, INC. “If you consider yourself a part of the quantum dots community, you can’t miss this opportunity to brainstorm with technologists, researchers, business development executives, and entrepreneurs,” said Coe-Sullivan, who is also a member of the Phosphor Global Summit 2014 advisory board.

“The event is focused on the node between research and commercialization, which is where the quantum dots industry is poised today. On one hand we have over a million quantum dots televisions in the market today, representing more display area than the OLED industry has shipped cumulatively to date. However, we also have massive unanswered science and technology questions that remain unaddressed or unanswered. At the Quantum Dots Forum on March 26, 2014 we will address the EH&S questions around quantum dots head-on with a broad stakeholder panel.”

The half day event will feature speakers from Pacific Light Technologies, Nanosys, and Canaccord Genuity. Joining them will be NanoPhotonica, the University Of Washington, B&C Consortia Management, L.L.C, EPA, Nanoco Technologies Ltd., and Wilson Center. Presentations by these organizations include Doped Quantum Dot Phosphors, Quantum Dot Light Emitting Diodes for Display Applications, Making the Quantum Leap: How Quantum Dots can Revolutionize the Display Industry and Possibly Obsolete OLEDs, and more.

Register by December 13, 2013 to get Super Early Bird Pricing and save $200 off the conference fee. For more information about the Quantum Dots Forum or to register, visit www.quantumdotsforum.com. Limited sponsorship and exhibition opportunities are still available.

About Smithers Apex
Smithers Apex, formerly known as IntertechPira, is a global business that provides events, market research, publications and strategic and technical consulting to an expanding list of niche, emerging and high growth industries, including home and personal care; lighting, imaging and displays; plastic electronics and alternative energy. For more information about Smithers Apex, please visit www.smithersapex.com.

Contacts

Smithers Apex
Stephanie Whitman, +1-207-781-9616
swhitman@smithers.com
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clearsudden clearsudden 11 years ago

University innovation takes centre stage at Conservative Party conference

01 Oct 2013
The University of Manchester has set up home in the Innovation Zone at the Conservative Party Conference being held at Manchester Central this week.
SpiNNaker, led by Prof Steve Furber, is one of the exhibits at the conference

The University has four exhibits within the Innovation Zone, which have already been visited by Prime Minister David Cameron, Foreign Secretary William Hague and Culture Secretary Jeremy Hunt, as well as hundreds of conference delegates.

Unsurprisingly, graphene features prominently in the exhibition and visitors to the stand can even get to make some of the wonder material using scotch tape and view it under a microscope. Delegates can also learn about the University’s National Graphene Institute (NGI), which will be the world’s leading centre of graphene research and commercialisation. The NGI will uniquely offer a collaborative research environment where industry and science can work side by side on developing new and exciting graphene applications. Set to open in early 2015, the £61m Institute is funded by the Engineering and Physical Sciences Research Council (EPSRC) and the European Regional Development Fund (ERDF).

Also exhibiting within the conference’s Innovation Zone is SpiNNaker, a massively parallel, low power, supercomputer currently being built by a team in the University’s School of Computer Science. It is designed to model very large, biologically realistic, spiking neural networks in real time. The machine is built to mimic the brain's biological structure and behaviour. With over one million cores, the machine will be capable of simulating up to one billion neurons, or around 1% of the human brain.

iMagiMat, also known as ‘the magic carpet’, is an intelligent mat made up of plastic optical fibres, laid on the underlay of a carpet. Conference-goers can see how the optical fibres can bend when they tread on it and map in real-time their walking patterns. iMagiMat maps 2D images by using light propagating in fibres under the surface of the smart carpet. Compact electronics at the edges measure and relay sensor signals to a computer. The signals are analysed to show the footprint image and identify gradual changes in walking, or a sudden incident such as a trip or fall, so a potential use for the carpet could be in nursing and care homes.

The final exhibit in the Innovation Zone is from University spin-out company, Nanoco. Nanoco Technologies Ltd designs, develops and manufactures quantum dots, solar inks and other nanomaterials for major end-use markets. The company is headquartered in Manchester, where its R&D activities are based and where it has built on a world-class core technology protected by a growing intellectual property estate.

Ends
Notes for editors

For further information contact:

Aeron Haworth
Media Relations
Faculty of Engineering and Physical Sciences
The University of Manchester

Tel: 0161 275 8387
Email: aeron.haworth@manchester.ac.uk
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clearsudden clearsudden 11 years ago
Nanoco Group PLC Given “Buy” Rating at Canaccord Genuity (NANO)
September 30th, 2013 - 0 comments - Filed Under - by Micah Reynolds

Nanoco Group PLC logoNanoco Group PLC (LON:NANO)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Friday, StockRatingsNetwork.com reports. They currently have a GBX 275 ($4.44) price objective on the stock. Canaccord Genuity’s price objective indicates a potential upside of 65.57% from the company’s current price.

NANO has been the subject of a number of other recent research reports. Analysts at Liberum Capital reiterated a “buy” rating on shares of Nanoco Group PLC (LON:NANO) in a research note to investors on Friday.

Nanoco Group PLC (LON:NANO) traded up 0.15% on Friday, hitting GBX 169.25. The stock had a trading volume of 386,931 shares. Nanoco Group PLC has a one year low of GBX 55.48 and a one year high of GBX 199.275. The stock’s 50-day moving average is GBX 170.9 and its 200-day moving average is GBX 158.4.

Nanoco Group PLC designs, develops and manufactures quantum dots, solar inks and other nanomaterials in commercial quantities for major end-use markets.
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clearsudden clearsudden 11 years ago
Reading between Nanoco’s dots

Re-jigging its vital commercial tie-up with Dow Chemical (DOW:NYSE) doesn’t immediately sound promising for Nanoco (NANO:AIM).

The cadmium-free quantum dots (QD) developer is taking a lower royalty rate from future shipments. In return, Nanoco doesn’t have to pay its £10 million share to build a new production plant. That may not be a bad idea for many businesses, but does it really suit a new technology developer that’s supposed to see a big, bright future?

The market seems to, at least in part, share my concerns as the shares off nearly 4% to 172p, although the fall needs to be drawn against a 30%-odd three month surge.

NANOCO GROUP - Comparison Line Chart (Rebased to first)

The Dow deal is likely to play a fundamental roll in transforming Nanoco into a profitable company, probably in 2015.

Shares explained in March the importance of the displays market to make that break into the black. But perhaps my initial reaction assumes too much?

Analysts at Liberum Capital make a fair point that the renegotiation slices a bit more risk off the execution profile, ergo the investment case too. ‘When ramping new technologies there are always unknowns such as the exact timing of customer adoption and pricing,’ point out Liberum’s Janardan Menon and Eoin Lambe.

‘Dow and Nanoco have been working together closely for nine months with increased resources and the amended agreement irons out any potential issues.’ That’s compelling reasoning for a company that’s burning through £5.5 million of cash on an annualised basis, although it does have £12.5 million in the bank.

Let’s also remember that Nanoco’s cadmium-free QD technology has other market applications too, particularly in solar and LEDs, two fast emerging markets. ‘As time progresses the risks surrounding Nanoco’s ramp are reducing,’ add Liberum’s Menon and Lambe. ‘We continue to believe Nanoco has a competitive advantage (only cadmium free QDs) and it will ramp with multiple tier one customers over the next 18 months.’
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