Nanoco Group has completed its first ever commercial production order.
The Runcorn tech company, which develops materials used in the manufacture of monitors and TV screens and technologies for medical imaging and the early diagnosis of cancer, has made two shipments of two different first generation materials for use in infra-red sensing applications in electronic devices.
As previously announced, the board’s expectations were for a first commercial production order prior to the end of 2023 and that the first use of the group’s materials would be for low volume applications during fiscal year 2024 and 2025. Today’s announcement is in line with these expectations and supports the 2024 revenue guidance given in the group’s preliminary results published on October 17, 2023.
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.
