Business
Milestone Achieved
Milestone Achieved.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n \nRNS Number : 3583L Nanoco Group PLC 24 December 2018 \n\n24 December 2018 \n \nNANOCO GROUP PLC\n(\"Nanoco\" or the \"Group\")\n \nMilestone Achieved\nNanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, today announces that it has completed a significant milestone established as part of the Material Development and Supply Agreement announced in February 2018 with its undisclosed US Customer (the \"US Company\").\nThis milestone (the third of three) has been completed within with the timetable set out in the agreement and reflects the significant progress being made. The total value of all milestones in this programme triggered to date is £4.2m with this third milestone valued at £1.6m.\nMichael Edelman, Chief Executive of Nanoco, said:\n \n\"We are pleased to announce the delivery of the third and final milestone for our US Customer. We continue to discuss other potential services and deliverables and our aim is to deepen and lengthen our relationship with this important collaboration.\"\n \n- Ends -\nFor further information, please contact:\nNanoco Group PLC:\nBrian Tenner, COO & CFO +44 (0) 161 603 7900\nCaroline Watson, Investor Relations Manager +44 (0) 7788 897 357\[email protected]\nMHP Communications: +4...