REG - Nanoco Group PLC - Appointments of Non-Executive Directors

NanocoAnnouncement

21/12/2023 12:00

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RNS Number : 6405X  Nanoco Group PLC  21 December 2023

21 December 2023

NANOCO GROUP PLC

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

 

Appointments of Non-Executive Directors

 

Nanoco reinforces Board with appointment of leading electronics industry
experts

 

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, announces the appointments of Dr Jalal
Bagherli and Mr Dieter May as independent Non-Executive Directors (NEDs). Both
appointments add significantly to relevant industry experience and networks
that the Board can draw upon as the Company continues its transition from
R&D first mover to an electronics materials production company.

The appointments are in line with Nanoco's long standing commitment to recruit
a new Non-Executive Director with deep sector knowledge in commercialising new
technologies in relevant electronics markets. Given the high quality of
candidates and their appetite to join the Group, the Board concluded that it
would be highly beneficial to appoint two new NEDs.

Dr Jalal Bagherli brings broad experience of working with a number of the
world's largest brands in the electronics industry. Jalal was recently
appointed Co-Chair of the UK Semiconductor Advisory Panel, representing the
views of the UK semiconductor industry. He was the CEO of Dialog Semiconductor
plc ("Dialog") from 2005 until the successful sale of the company to Japan's
Renasas in 2021. Under Jalal's leadership, Dialog became a world leader in
mobile power management and connectivity products, selling to most of the
major companies in the consumer electronics and mobile phone sector. His
earlier career included roles as CEO of Alphamosaic and before that at Sony
Semiconductor and Devices Europe as Vice President and Managing Director.

Dieter May has spent his senior executive career in transformational roles,
driving profitable sales growth in high-tech industries and premium brands.
Dieter was Chairman and CEO of Osram Opto Semiconductors GmbH, one of the
world's leading optoelectronic components companies, participating in
electronics applications such as facial and iris recognition, health
monitoring, vehicle navigation, and virtual and augmented reality as well as
uLED displays. As CEO, Dieter developed relationships with leading companies
throughout the sector. His earlier career spanned Senior Vice President
positions in semiconductor technologies (Infineon), and connected devices and
digital consumer services in both mobile consumer products (Nokia) and
automotive (BMW).

Dieter May will join the Board on 1 February 2024. Dr Jalal Bagherli will join
the board on 5 April 2024.

Dr Christopher Richards, Chairman, said:

"We are delighted to have secured Jalal and Dieter as new NEDs, as they bring
a wealth of relevant strategic, commercial, and operational experience. This
spans a range of Nanoco's core global electronics end markets, including
semi-conductors and sensing. Both have outstanding networks, which will
strongly support our efforts to accelerate the commercialisation of our
technology in a range of applications and end users.

"Jalal and Dieter have also both held senior executive roles in large scale
enterprises similar to Nanoco's major customers and also in smaller businesses
supplying into large global customers. Their understanding of the supply chain
will substantially boost both our strategic planning and our commercial
execution.

"Our ability to attract such experienced individuals to the Group reinforces
that Nanoco has compelling technologies and an exciting opportunity to
generate future value."

Dr Jalal Bagherli, said:

"Nanoco is an important UK based technology and production company, competing
in global markets, with very exciting prospects. Its leading edge R&D and
installed production capacity, supported by a validated IP portfolio in a
fully funded business, form a rare and strong foundation for future growth and
value generation. I'm looking forward to bringing my experience to the team".

 

Dieter May, said:

"I am pleased to be joining such a well resourced and innovative business at
this exciting stage in its evolution. Nanoco has the technology and ability to
meet the strenuous and large scale demands of some of the world's largest
electronics companies as they scale production of devices incorporating
cadmium free quantum dot technologies."

Disclosures required pursuant to Listing Rule 9.6.13

Other than the information disclosed above, there is no further information to
disclose in accordance with LR 9.6.13 of the Listing Rules of the Financial
Conduct Authority.

 

- Ends -

 

For further information, please contact:

Nanoco Group PLC:

Brian Tenner, CEO
 
                                   +44 (0)1928 761 404

Liam Gray, CFO & Company Secretary

 

Peel Hunt (Joint Corporate Broker):

Paul
Gillam
+44 (0) 20 7418 8900

Richard Chambers

 

Turner Pope Investments (Joint Corporate Broker):

Andrew
Thacker
+44 (0) 20 3657 0050

James Pope

 

MHP:
 
 
+44 (0) 203 128 8100

Reg Hoare

Matthew Taylor

Christian Harte

nanoco@mhpgroup.com

 

FORWARD LOOKING STATEMENTS

This announcement (including information incorporated by reference in this
announcement) and other information published by Nanoco may contain statements
about Nanoco that are or may be deemed to be forward looking statements.
Such statements are prospective in nature.  All statements other than
historical statements of facts may be forward looking statements.  Without
limitation, statements containing the words "targets", "plans", "believes",
"expects", "aims", "intends", "will", "may", "anticipates", "estimates",
"projects" or "considers" or other similar words may be forward looking
statements.

Forward looking statements inherently contain risks and uncertainties as they
relate to events or circumstances in the future.  Important factors such as
business or economic cycles, the terms and conditions of Nanoco's financing
arrangements, tax rates, or increased competition may cause Nanoco's actual
financial results, performance or achievements to differ materially from any
forward looking statements.  Due to such uncertainties and risks, readers are
cautioned not to place undue reliance on such forward looking statements,
which speak only as of the date hereof.  Nanoco disclaims any obligation to
update any forward looking or other statements contained herein, except as
required by applicable law.

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) is a nano-material production company, specialising in the
production of its patented cadmium free quantum dots (CFQD®) and other
patented nano-materials for use in the electronics industries.

Founded in 2001 and headquartered in Runcorn, UK, Nanoco continues to build
out a world-class, patent-protected IP portfolio alongside the scaling of the
production for commercial orders.

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. 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 Sensor, Electronics and Display markets.
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 display
applications. 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 cameras and image sensors.

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.

 

visit: www.nanocotechnologies.com (http://www.nanocotechnologies.com)

 

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