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LONDON - Nanoco Group PLC (LSE:NANO), a leader in the development of cadmium-free quantum dots, has entered into a Joint Development Agreement (JDA) with a second Asian chemical customer. The deal, announced Monday, focuses on optimizing lead-free nanomaterials for use in global electronics applications, with an eye on scaling up to industrial production by 2027.
The Manchester-based company anticipates that this new agreement will boost its non-license fee income for the fiscal year 2025 beyond current expectations and continue to contribute revenue into fiscal year 2026. Nanoco’s CEO, Dmitry Shashkov, expressed optimism about the partnership’s potential to disrupt the consumer electronics market with lead-free quantum dot-enabled silicon sensors.
Shashkov emphasized the significance of quantum dots in high-volume commercial sensors and Nanoco’s strong intellectual property protections in this domain. He also mentioned ongoing discussions with other potential customers regarding additional projects.
Quantum dots are tiny semiconductor particles that can convert light into color at very high efficiency, making them valuable for various applications, including more vibrant display screens and advanced sensors. Nanoco’s technology platform specializes in producing these materials without the use of toxic heavy metals like cadmium.
This agreement marks a strategic step for Nanoco as it continues to capitalize on the growing demand for environmentally friendly quantum dots in electronics. The company’s stock, which is listed on the London Stock Exchange (LON:LSEG) and holds the LSE’s Green Economy Mark, is expected to be closely watched by investors as it progresses with this new partnership.
The information in this article is based on a press release statement from Nanoco Group PLC.
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