19 Oct 2011

Nanoco making progress with quantum dots

Nanoco Group plc (AIM: NANO), a Manchester, UK-based manufacturer of quantum dots, reported revenue of GBP2.64 million for the year to 31 July 2011, compared with GBP2.94 million. The loss before tax was GBP3.22 million (2010: loss of GBP1.37 million), primarily reflecting the costs associated with setting up the company’s Runcorn manufacturing facilities.

Nanoco’s principal product is cadmium-free quantum dot (CFQD) material. In April 2011, Nanoco announced the production of a 1-kg batch of red CFQD for a “major Japanese corporation.” This triggered a $2 million milestone payment. According to Nanoco, a kilogram of quantum dots will make of the order of 50,000 backlight units for LCD TVs, depending on the TV size. Green CFQDs are also required as part of the program.

In August 2011, Nanoco signed a joint development agreement with “one of the world's largest lighting companies,” also described as “a large Western company.” The objective is to incorporate CFQD into the lighting company's LEDs to create LED lighting systems with the performance characteristics required for widespread residential and commercial use.

Nanoco also said that it recently expanded its patent portfolio by acquiring patents from Evident Technologies Inc., a US nanotechnology company. The patents, which largely relate to the surface chemistry of quantum dots and their use in applications, extend the reach of our cadmium-free technology.

Need return to News category? Please click here LED News or http://www.eosled.com/news/