Business
Dow to Build Plant in South Korea
Dow to Build Plant in South Korea.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 4361S Nanoco Group PLC 24 September 2014 \n \n\n\n\n\n\nFor immediate release \n\n\n24 September 2014\n\n\n\n\n \n \n \nNANOCO GROUP PLC\n(\"Nanoco\" or the \"Company\") \n \nDow to Build Plant in South Korea \n and Nanoco to Receive Milestone Payment\n \nNanoco Group plc (AIM: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, notes today's announcement from The Dow Chemical Company (\"Dow\"), Nanoco's global licensing partner, stating that Dow will begin construction of the world's first large-scale, cadmium-free quantum dot manufacturing plant capable of supporting the manufacture of \"millions of cadmium-free quantum dot televisions and other display applications\".\n \nThe start of construction reflects customer demand for Nanoco quantum dots, triggering a milestone payment from Dow to Nanoco. Preparatory work for construction of the plant, at an existing Dow site in Cheonan, South Korea, is well advanced. \n \nCommercial production of Nanoco quantum dots at the plant is expected to begin in the first half of 2015. The quantum dots will be marketed by Dow under the brand name TREVISTA™ Quantum Dots.\n \nIn Dow's announcement, Dr C. G. Park, Global Business Director, Dow Electronic Materials' Display Technologies, states: \"Today's announcement signals the display industry's desire to move toward quantum dots for brilliant colour in displays, but without the use of cadmium. Anytime we can enable our customers to develop extraordinary products for a more sustainable future, it's a win for our customers, consumers and the environment.\" \n \nThe full text of Dow's announcement is available at this link: www.dow.com/news.\n \nDow's website includes further details of the TREVISTA™ Quantum Dots brand at this link: www.dowelectronicmaterials.com/products/display_materials/trevista-quantum-dots.htm.\n \n \nMichael Edelman, Nanoco's Chief Executive Officer, said: \"We are delighted that demand for Nanoco's cadmium-free quantum dots is at a point where Dow will begin construction of a large-scale manufacturing plant in South Korea based on our novel manufacturing process. Under Dow's brand name TREVISTA™ Quantum Dots, Nanoco's technology will offer an outst...