REG - Nanoco Group PLC - AGM Statement

NanocoAnnouncement

30/11/2021 07:00

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RNS Number : 9371T  Nanoco Group PLC  30 November 2021

30 November 2021

NANOCO GROUP PLC

("Nanoco", the "Group", or the "Company")

 

AGM Statement

Nanoco 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, will hold its Annual General Meeting
("AGM") later this morning. Details of the arrangements were included in the
Notice of Meeting issued on 28 October 2021.

The Chairman of the meeting will make the following statement in respect of
the first three months of the financial year ending 31 July 2022 ('the
Period').

Operational and trading update

Financial performance in the Period has been in line with the Board's
expectations. We continue to deliver R&D services under a number of
contracted development programmes with different customers in the sensing
market, which include the additional work package for our European customer
announced on 5 November. Good progress has been made on these projects during
the Period and discussions on potential next steps are underway.

Samsung Litigation Update

As outlined in the Group's Preliminary results on 3 November, the litigation
against Samsung in the Eastern District of Texas is currently on hold while
the US Patent Office conducts Inter Partes Reviews ('IPR's) to establish the
validity of the patents relevant to the case. The Board is very pleased with
the progress of the court process and the IPR process to date. We look forward
to the conclusion of the IPR process which is due in May 2022.

 

The Board remains confident of an outcome to the litigation that will be
potentially transformative for the Group's prospects and shareholder value.

 

- Ends -

 

For further information, please contact:

 

Nanoco
 
Tel: +44 (0) 161 603 7900

Brian Tenner, Chief Executive Officer

Liam Gray, Chief Financial Officer and Company Secretary

Caroline Watson, Investor Relations Manager

cwatson@nanocotechnologies.com (mailto:cwatson@nanocotechnologies.com)

 

MHP
Communications
Tel: +44 (0) 20 3128 8570

Reg Hoare / Pete Lambie

nanoco@mhpc.com

 

Notes for editors:

 

About Nanoco Group plc

Nanoco (LSE: NANO) harnesses the power of nano-materials. Nano-materials are
materials with dimensions typically in the range 1 - 100 nm. Nano-materials
have a range of useful properties, including optical and electronic. Quantum
dots are a subclass of nano-material that have size-dependent optical and
electronic properties. The Group produces quantum dots and other
nano-materials. Within the sphere of quantum dots, the Group exploits
different characteristics of the quantum dots to target different performance
criteria that are attractive to specific markets or end-user applications such
as the Display, Sensor and Electronics markets. An interesting property of
quantum dots is their absorption spectrum. Nanoco's HEATWAVE™ quantum dots
can be tuned to absorb light at different wavelengths across the near-infrared
spectrum, rendering them useful for applications including image sensors.
Another interesting property of quantum dots is photoluminescence: the
emission of longer wavelength light upon excitation by light of a shorter
wavelength. The colour of light emitted depends on the particle size. Nanoco's
CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can
be tuned to emit light at different wavelengths across the visible and
infrared spectrum, rendering them useful for a wide range of applications
including displays, lighting and biological imaging.

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.nanocotechnologies.com.

 

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