2nd May 2018 13:22
LONDON (Alliance News) - Nanoco Group PLC on Wednesday said it plans to establish Nanoco 2D Materials Ltd as a subsidiary for the development and commercialisation of a new generation of nano-materials.
Two-dimensional nano-particle platform technology represents a burgeoning field of material science and one which currently has no cost-effective means of production on a commercial scale. Also, there is no any reliable method known to ensure consistent properties suitable for the wide range of potential electronics, industrial and other applications.
The nanotechnology company said it created the subsidiary to formalise its partnership with Konstantin Novoselov, who won the 2010 Nobel prize winner in Physics for his work on graphene.
The company said that the GBP400,000 project will be funded by the University of Manchester in the form of a 10-year convertible loan note which carries a 6.5% coupon.
"By combining Nanoco's expertise with the knowledge base from professor Novoselov's lab we have been able to push the boundaries of material science to come up with a new generation of versatile 2D nano-particles and are now utilising Nanoco's 15 years of scale-up expertise on methods to produce them at commercial scale," said Nanoco Co-Founder Nigel Pickett.
"Potential commercial applications for these materials span across a wide range of sectors including novel catalysts, photo-detectors, photovoltaics, inverters and light emitting devices," added Pickett.
Shares in Nanoco were up 0.9% at 44.58 pence each on Wednesday.
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