Nanoco Signs Follow-on Joint Development Agreement with Osram
By Business Wire News
By Business Wire News
MANCHESTER, England & CONCORD, Mass.
Nanoco Group plc (LSE:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces it has signed a further follow-on joint development agreement with Osram, one of the world’s largest lighting companies, in connection with the use of Nanoco cadmium-free quantum dots in lighting.
Nanoco’s cadmium-free quantum dot technology has the potential to transform LEDs so that they more efficiently produce bright, warm light with the ability to accurately reproduce colors.
“We’re delighted to sign this latest joint development agreement with Osram and to continue this exciting work focused on creating LEDs with substantially improved color performance,” said Michael Edelman, CEO, Nanoco. “Lighting is a core target market for our cadmium-free quantum dot technology.”
Nanoco’s joint agreement with Osram has been in place since 2011 with the objective of delivering LED lighting with superior performance characteristics. Much of the technical work to date has focused on encapsulating Nanoco’s cadmium-free quantum dots so they can withstand the operating conditions associated with LEDs. This latest, 12-month agreement with Osram will further that product development.
Nanoco (LSE:NANO) is a world leader in the development and production of cadmium-free quantum dots and other nano-materials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.
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.
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Kathy Wilson, 781-652-0499