Achieves US$1m Performance Milestone for Green Quantum Dots 31/01/2012 Manchester

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 achieved the performance milestone for green quantum dots being developed in its supply and licence agreement with a major Japanese corporation, triggering a US$1 million payment.

The criteria for achieving the milestone included a performance life of at least 50,000 hours. Nanoco will now begin production of a 1kg batch of the green quantum dots. Once produced, and validated by the customer, the 1kg batch will attract a US$2 million milestone payment.

The performance milestone for the green quantum dots follows the successful production last year of a 1kg batch of red quantum dots for the same customer.

The customer's intention is to combine the red and green quantum dots with blue LEDs to produce a highly efficient source of white light for multiple potential applications including backlighting for LCD displays and LED-based general lighting.

Michael Edelman, Nanoco's Chief Executive Officer, said: "We are delighted to have demonstrated that the performance of these green quantum dots meets our customer's specification as it marks an important step towards the customer's launch of a marketed product.

"Last year, we successfully produced 1kg of red quantum dots for the same customer and we will now begin production of a 1kg batch of green dots. The customer will then be able to combine the red and green dots with blue LEDs to produce a highly efficient source of white light for multiple end-uses."

distribué par

Ce noodl a été diffusé par Nanoco Group plc et initialement mise en ligne sur le site http://www.nanocotechnologies.com. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-31 17:57:05 PM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.