REG - Nanoco Group PLC - Extension of Joint Development Agreement

NanocoAnnouncement

04/11/2025 07:10

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RNS Number : 0881G  Nanoco Group PLC  04 November 2025

FOR IMMEDIATE
RELEASE
 
   4 November 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE MARKET ABUSE REGULATION (596/2014/EU) AS THE SAME HAS BEEN RETAINED IN UK
LAW AS AMENDED BY THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS (SI
2019/310) ("UK MAR").

Nanoco Group PLC

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

 

Extension of Joint Development Agreement with Asian Chemical Customer

 

Nanoco Group plc (LSE: NANO), a world leader in the development and
manufacture of cadmium-free quantum dots and other specific nanomaterials
emanating from its technology platform, is pleased to announce it has signed a
three-year extension to the existing Joint Development Agreement ("JDA") with
its important Asian Chemical Customer (the "customer").

The agreement continues the long collaboration between Nanoco and the Asian
Chemical Customer, building on the completion of the existing two-year JDA
which was originally announced on 7 November 2023. The three-year programme is
to further develop the material and to scale up the manufacturing process of
the Quantum Dot ("QD") nanomaterial that will be applied to silicon sensors to
enable Short Wave Infrared ("SWIR") capabilities. The customer is a very
significant player in electronics supply chains.

The new JDA also includes an inflationary increase to the amount the customer
will pay to Nanoco compared to the previous agreement. If successful, the
customer anticipates production level orders will be rolled out in 2028.

The fees received from the JDA will contribute to Nanoco's revenues in FY26,
FY27, FY28 and FY29.

Dmitry Shashkov, Nanoco's CEO, commented:

"Since we started our work on Quantum Dots for sensing applications, Nanoco
has proven it has the expertise and capability to not only develop the best
materials but also move these through the scale up and production phases of
development.

"Applying nanomaterials to silicon sensors is an affordable and scalable way
to unlock short-wave infrared capabilities, and JDAs of this kind demonstrate
our leadership in this area. Through Nanoco's innovative technology, we're
delighted to be opening up high-volume, cost sensitive markets and
applications within consumer electronics, in addition to the automotive,
industrial and defence sectors.

"We continue to discuss other potential projects with multiple new potential
customers and we look forward to updating shareholders further in due course."

 

- Ends -

MAR

The information contained within this announcement is considered by the
Company to contain inside information for the purposes of UK MAR. Upon the
publication of this announcement via a Regulatory Information Service, this
inside information will be considered to be in the public domain.

The person responsible for arranging for the release of this announcement on
behalf of Nanoco is Liam Gray, Chief Financial Officer.

Nanoco Group plc:

Dmitry Shashkov,
CEO
 
                                     +44
(0)1928 761 404

Liam Gray, CFO & Company Secretary

 

Sodali & Co (Public
Relations)

Elly
Williamson
  +44 (0)79 3535 1934

Pete Lambie

Oliver Banks

Nanoco@sodali.com (mailto:Nanoco@sodali.com)

 

Cavendish Capital Markets Limited (Financial Adviser and Corporate Broker):

Ed Frisby / George Lawson (Corporate Finance)
                              +44 (0)20 7220 0500

Tim Redfern (Corporate Broking)

Jasper Berry (Sales)

 

CDX Advisors (Financial Adviser):

Steven Foland
 
 
                   +1 415 425 2224

Steve Month

Patrick Foley

 

Notes for editors:

About Nanoco Group plc

Nanoco (LSE: NANO) is a nanomaterial production and licensing group,
specialising in the production of its patented cadmium free quantum dots
(CFQD® materials) and other patented nanomaterials 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 its
existing scaled up production facilities for commercial orders.

Nanomaterials are materials with dimensions typically in the range 1 - 100 nm.
Nanomaterials have a range of useful properties, including optical and
electronic. Quantum dots are a subclass of nanomaterial 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 spectra, rendering them useful
for applications including cameras and image sensors.

Nanoco is listed on the Main Market of the London Stock Exchange, holds the
LSE's Green Economy Mark, and trades under the ticker symbol NANO. For further
information please visit: www.nanocotechnologies.com
(http://www.nanocotechnologies.com)

 

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