29th Apr 2016 12:12
LONDON (Alliance News) - Nanoco Group PLC Friday said it has been notified of its first royalty payment from The Dow Chemical Co following sales during the first quarter of 2016 of Nanoco's cadmium-free quantum dots from Dow's plant in Cheonan, South Korea.
Quantum dots are nanocrystals made of semiconductor materials, which can be used in solar cells, LEDs and diode lasers. Nanoco's quantum dots do not contain cadmium, a heavy metal that is currently restricted under European environmental law.
"Our first royalty income marks a milestone for Nanoco in the commercialisation of our cadmium-free quantum dot technology in the display market. We look forward with excitement to the successful rollout of our technology," said Chief Executive Officer Michael Edelman in a statement.
Shares in Nanoco were up 2.6% at 39.00 pence on Friday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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