Manchester-based Nanoco Group said it expects its revenues for the current year to exceed the £2.1m generated in 2021.
Nanoco is a University of Manchester spin-out which develops materials used in the manufacture of monitors and TV screens.
In a stock market update this morning, it announced that it has signed a further agreement with its important European electronics customer for the delivery of an enhanced and scaled up version of its technology.
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.