Reinforcing its position in the race of smart materials, the UK-based Nanoco Group PLC, has inked a new joint development agreement (JDA) with its long-time European collaborator, STMicroelectronics. This agreement is no ordinary feat. It signifies the commercial viability of Nanoco’s first-generation materials which were launched into the market in late 2023 and received with much anticipation.
Boosting Nanoco’s Financial Stability
The JDA is a vital component of Nanoco’s financial blueprint. It not only ensures a steady inflow of non-licence fee income but also paves the way for additional test material sales. Such financial bolstering comes at a crucial juncture for Nanoco, as the company has been making strides to improve its financial stance, eyeing an increased investment in the development of new materials and services. This agreement, thus, contributes significantly to a more secure financial forecast for FY24.
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.
