Business
Final Results
Final Results.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n RNS Number : 4771B Nanoco Group PLC 28 October 2009 \n \n\n\n\n\n\nFor immediate release \n\n\n\n28 October 2009\n\n\n\n\n\n\nNANOCO GROUP PLC\n(\"Nanoco\" or \"the Company\")\n\nFinal Results for the year ended 31 July 2009 \n\n\nNanoco Group plc (AIM: NANO), a world leader in the development and manufacture of commercial quantities of quantum dots, is pleased to announce its final results for the year ended 31 July 2009. \n\n\nHighlights\n\n\n\nSuccessful flotation on AIM in May 2009\n\n\n\n\nDistribution agreement signed with Japan-based Kisco Ltd, a major electronic materials supplier in Asia\n\n\n\n\nSupply and licence agreement signed with major Japanese LED manufacturer active in the LCD backlight and general lighting markets - a further US$8 million in milestones expected by the end of December 2010\n\n\n\n\nManufacturing scale-up progressing well\n\n\n\n\nIncrease in cash and cash equivalents to £6.59 million at 31 July 2009 (2008: £2.53 million)\n\n\n\n\nJoint development agreement signed in September 2009 with a major Japanese electronics company in connection with quantum dots for LEDs as the backlight in LCD TVs\n\n\n\nCommenting on the results, Dr Peter Rowley, Nanoco's Chairman, said: \n\n\"The current financial year has started well, with a new joint development agreement with a major Japanese electronics company active in the LCD TV market being signed in September 2009. \n\n\"We are making substantial progress in the scale-up of manufacturing and are well on our way to producing our first kilograms of quantum dots. Our strategic relationships are also progressing well, and we anticipate the receipt of further milestone payments during the current half.\"\n\n\n\nFor further information please contact:\n\n\n\n\n\nNanoco\n\n\n+ 44 (0) 161 603 7900\n\n\n\n\nMichael Edelman, Chief Executive Officer\n\n\n\n\n\n\n\nMichael Bretherton, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZeus Capital \n\n\n+ 44 (0) 161 831 1512\n\n\n\n\nAlex Clarkson \n\n\n\n\n\n\n\nNick Cowles\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBuchanan Communications\n\n\n+ 44 (0) 20 7466 5000\n\n\n\n\nMark Court / Jennie Spivey / Miranda Higham \n\n\n\n\n\n\n\n\n\n\nNotes for editors:\n\nAbout Nanoco Group&nb...