Nanoco provides Trading Update and plans Return of Capital to shareholders

Nanoco Group plc (LON:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from our technology platform, has provided the following trading update ahead of the announcement of its Half Year results for the six months ended 31 January 2024, which are set to be released on 27 March 2024.

Operational overview

·    Critical milestone of first ever commercial production order achieved with shipment of two first-generation materials for use in infra-red sensing applications in electronic devices.

·    Significant progress with our two global electronics supply chain customers:

o  Joint Development Agreement with STMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, to optimise the performance of a second-generation sensing material over a two year period.

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