April 4, 2011 -- Nanoco Group plc (AIM: NANO), cadmium-free quantum dots manufacturer, produced a 1kg batch of red cadmium-free quantum dots (CFQD) for a major Japanese corporation, which triggers a US$2 million payment to Nanoco by the corporation.
The production of cadmium-free quantum dots on this scale is a major technical achievement that required scalability in Nanoco's patent-protected technology and the expertise of its production and technical teams.
The 1kg of red CFQD was manufactured to specification at Nanoco's recently commissioned production facility in Runcorn, Cheshire, UK.
Nanoco expects to be able to demonstrate that green CFQD meet technical milestones within the next few months, which will trigger a milestone payment of US$1 million. This will be followed by the production of 1kg of green CFQD for delivery to the same customer in the second half of 2011. Once validated, the green CFQD will also attract a US$2 million milestone payment.
Nanoco develops and manufactures commercial quantities of quantum dots for use in multiple applications including lighting, solar cells, and biological imaging. Nanoco's quantum dots, which are free of heavy metals and comply with RoHS legislation, can be combined into a wide range of materials including liquids, polymers and glass. Nanoco forms strategic partnerships with major end users across a range of applications. Nanoco began trading on the AIM market of the London Stock Exchange in May 2009 under the ticker symbol NANO. Learn more at http://www.nanocotechnologies.com/.