Nanoco in its strongest ever financial position

Manchester-based Nanoco has announced it’s now closer to commercial production than at any time in its history.

In a trading update on Tuesday, the London Stock Exchange-listed Nanoco Group said it was in the strongest financial position since its inception.

The University of Manchester spin-out develops cadmium-free quantum dots and other specific nanomaterials used in the manufacture of monitors and TV screens. It has production facilities in Runcorn.

The company, which recently won a protracted $150m IP litigation case with electronics giant Samsung, is preparing to transition from R&D to become a commercial producer of scale.

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.

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