Business
Solar Film Agreement
Solar Film Agreement.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n RNS Number : 3603N Nanoco Group PLC 10 June 2010 \n \n\n\n\n\n\nFor immediate release \n\n\n10 June 2010\n\n\n\n\n \n \nNANOCO GROUP PLC\n(\"Nanoco\" or \"the Company\")\n \nSigns Solar PV Agreement with Tokyo Electron\n \n \nNanoco Group plc (AIM: NANO), a world leader in the development and manufacture of quantum dots and other nanomaterials, announces that it has signed a joint development agreement with Tokyo Electron, the major Japanese production equipment supplier, for the development of a solar photovoltaic (PV) nanomaterial film. \n \nThis agreement marks Nanoco's first commercial relationship in the solar energy sector, building on the Company's existing relationships in the LED lighting market.\n \nTokyo Electron is a major manufacturer and supplier of production equipment for the semiconductor, flat panel display and solar industries. Further information about Tokyo Electron is available at its website, www.tel.com.\n \nUnder the terms of the agreement, Nanoco will develop a solar-active nanomaterial film for incorporation into Tokyo Electron's solar cell manufacturing equipment. Nanoco will receive upfront and milestone payments during the nine-month development phase after which it is anticipated that a supply and license agreement will be signed.\n \n \nMichael Edelman, Nanoco's Chief Executive Officer, commented: \"We are delighted to enter this agreement with Tokyo Electron, marking our first commercial relationship in the solar energy sector. We are confident that our nanomaterial technology has the potential to deliver highly efficient, printable, solar-active films and look forward to working with Tokyo Electron in making these commercially available.\"\n \n \n \nFor further information please contact:\n \n\n\n\n\nNanoco \n\n\nTel: +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\nBank of America Merrill Lynch - Corporate Broker\n\n\nTel: + 44 (0) 20 7996 2490\n\n\n\n\nWill Smith\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nZeus Capital\n\n\nTel: +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\nTel: +44 (0) 20 7466 ...