Nanoco Group PLC Acquires Quantum Dot Patents from Kodak (2381Q)
28 November 2016 - 6:00PM
UK Regulatory
TIDMNANO
RNS Number : 2381Q
Nanoco Group PLC
28 November 2016
For immediate release 28 November 2016
NANOCO GROUP PLC
("Nanoco" or the "Company")
Acquires Quantum Dot Patents from Kodak
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, announces that it has acquired a group of patents
from the Eastman Kodak Company ("Kodak") in connection with the use
of quantum dots in electroluminescent displays, a future display
technology.
This patent acquisition, which is in line with Nanoco's strategy
of building its patent estate organically and by acquisition,
reinforces the Company's intellectual property position in quantum
dot electroluminescent displays (QLED), a future technology in
which quantum dots can be used to replace the current materials in
organic light emitting diode (OLED) displays.
Nanoco is building a patent position in anticipation of many
future applications of quantum dots including QLED, a technology
that Nanoco has researched for almost 10 years. Display sales in
the medium term are expected to remain dominated by liquid crystal
display ("LCD") technology, which is Nanoco's current commercial
focus.
The commercial terms of the patent acquisition are
undisclosed.
Michael Edelman, Nanoco's Chief Executive Officer, said: "This
patent purchase from Kodak broadens our intellectual property
estate and commercial position in future display technologies. The
vast majority of current displays are based on LCD technology and
we expect LCDs to dominate display sales in the near and medium
term. In the longer term, QLED displays could challenge current
OLED displays and we aim to have a strong competitive position in
this space in preparation for any market change. Our current focus
remains driving near term revenue from the supply to the LCD
industry of the Company's cadmium-free quantum dots manufactured
and marketed by Nanoco and our licensees, Dow, Merck and Wah
Hong."
This announcement contains inside information.
For further information, please contact:
Nanoco Tel: +44 (0) 161
603 7900
Michael Edelman, Chief Executive
Officer
David Blain, Chief Financial
Officer
Caroline Watson, Investor Tel: + 44 (0) 7799
Relations Manager 897357
cwatson@nanocotechnologies.com
Peel Hunt Tel: +44 (0) 20
7418 8900
Adrian Trimmings
George Sellar
Buchanan Tel: +44 (0) 20
7466 5000
Mark Court / Sophie Cowles
/ Stephanie Watson
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of
cadmium-free quantum dots and other nanomaterials for use in
multiple applications including LCD displays, lighting, solar cells
and bio-imaging. In the display market, Nanoco has a non-exclusive
manufacturing and marketing licensing agreements with The Dow
Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial
Corporation. Nanoco also has a strategy of direct sales in display
and in its other target markets, including lighting.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK. It has production facilities in Runcorn, UK, and a US
subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has
business development executives in Japan, Korea and Taiwan. Its
technology is protected worldwide by a large and growing patent
estate.
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.nanocogroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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November 28, 2016 02:00 ET (07:00 GMT)