Tech company, Nanoco, is performing to forecast and is now a fully funded entity, said chief executive Brian Tenner in a pre-AGM trading update this morning.
The Runcorn-based company, a Manchester University spin-out which develops materials used in the manufacture of monitors and TV screens and technologies for medical imaging and the early diagnosis of cancer, is holding its annual meeting later this morning.
In February this year the company was put on a stronger financial footing after winning a high profile intellectual property case against South Korean electronics giant, Samsung, which agreed to pay the firm $150m. Nanoco decided to retain more than $90m, after litigation costs, for capital purposes, and return the remainder to shareholders.
Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.
