Business
Trading Update
Trading Update.
About this update from Nanoco Group Plc
[{"type":"text","content":"\n\nFor Immediate Release 8 August 2023\n \nNANOCO GROUP PLC\n(\"Nanoco\", the \"Company\" or the \"Group\")\n \nYear End Trading Update\n \nTransitioning from an R&D first mover to a commercial producer of scale\n \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 provides the following year end trading update ahead of the announcement of its final results for the year to 31 July 2023, which will be released in October 2023.\nOverview\n· Nanoco is now closer to commercial production than at any time in its 20-year history\n· Nanoco is in the strongest financial position since its inception\n· Nanoco's core markets of sensing and display are forecast to experience rapid growth\n· Nanoco is leveraging its Samsung litigation experience to generate further value from its IP\nOperational highlights for the year\n· Significant progress with our two global electronics supply chain customers:\no European electronics customer: major work package completed as planned by Nanoco in April 2023 for two materials now in final validation - awaiting final response from customer\no Major Asian chemical customer: fifth short term work package underway having successfully delivered all technical milestones in four others during FY23 / FY22\no Ongoing discussions with both major customers on longer and deeper collaborations\no Eu...