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MANCHESTER, United Kingdom & CONCORD, Mass., May 17, 2017 -- Nanoco Group plc (LSE:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, has been recognized in a new report by Edison Investment Research as a leading contender in the quantum dots display market, poised to dominate market share as QD-TV shipments are forecasted to grow from five Million in 2017 to 50 Million by 2020. The report underscores Nanoco’s business strategy and commitment to manufacture cadmium-free quantum dot technology at scale in a rapidly growing market, including its well-established licensing partnerships with Dow Chemical, Merck KGaA of Germany and Wah Hong Industrial Corporation of Taiwan, to help further deliver on this promise.
“As the market for quantum dot-based displays accelerates, we are delighted that Edison recognizes Nanoco as a leader in this latest report, emphasizing our company’s strong competitive positioning in cadmium-free quantum dots for display to meet projected market volumes in WCG TVs and computers in the coming years ahead,” said Michael Edelman, Nanoco’s Chief Executive Officer. “This report, from a knowledgeable and prestigious investment research firm, affirms our market opportunity to deliver the most advanced, toxic-free material for next generation LCD displays, while also commending our business strategy for meeting future global market demands.”
Tiny semiconductors known for transferring energy into precise color, quantum dots (QDs) significantly enhance the picture quality of LCD displays, rivaling OLED technology while also being energy efficient. Implementing QD technology requires little disruption to the established LCD TV supply chain, making it significantly more cost effective than OLED technology.
As indicated in the Edison report, Nanoco has pioneered the development of cadmium-free quantum dots (CFQD®), which are projected to dominate quantum dot TV volumes as more leading global display manufacturers look to deliver consumer and environment friendly, sustainable solutions that offer exceptional viewing without compromising on performance. In addition, Nanoco’s business model, including non-exclusive manufacturing and marketing licensing agreements in display with The Dow Chemical Company, Merck, and Wah Hong, and more in the works, in addition to its own patented manufacturing process, enables the company to secure a large portion of the growing 4K TV display market.
See the full report, commissioned by Nanoco, here.
ABOUT NANOCO
Nanoco (LSE:NANO) harnesses the power of nano-technology to create a brighter, more sustainable future. Based on breakthrough science, Nanoco’s proprietary manufacturing process enables the large-scale production of its cadmium-free CFQD® quantum dots for multiple applications:
- LCD display, where Nanoco’s CFQD® quantum dots give consumers peace of mind to enjoy next-generation color performance and energy efficiency without allowing toxic chemicals into their homes.
- Lighting, where Nanoco’s CFQD® quantum dots are used in horticulture to safely speed plant growth.
- Healthcare, where Nanoco’s CFQD® quantum dots are opening new, potentially life saving uses in bio-imaging.
- Solar, where Nanoco’s CFQD® quantum dots are incorporated into printable solar inks for future thin, highly efficient and low cost solar cells.
Nanoco has non-exclusive manufacturing and marketing licensing agreements in display with The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong Industrial Corporation of Taiwan. Through these partners and its own production facilities in Runcorn, UK, Nanoco is creating the world’s largest manufacturing ecosystem for cadmium-free quantum dots.
Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.
Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.
Media Contact: Colleen Irish Tier One Partners [email protected] (617) 842-1511
