Nanoco
Group PLC began trading on the London Stock Exchange AIM Market at 0800
GMT, Friday, 1st May under the ticker symbol "NANO". Shares have traded
up over the first few days with the company now valued at greater than £90m.
The commencement of trading represents Nanoco's successful conclusion of the
reverse takeover which was announced in late February 2009.
Nanoco is
a leading nanotechnology company involved in the development and manufacture
of fluorescent semi-conducting materials called quantum dots (QDs).
QDs are a platform technology with wide-ranging applications across several
industry sectors from solid state lighting, solar energy and next generation
displays to life sciences. Applications based on QD materials have the potential
to offer significant improvements over materials traditionally used, giving
benefits to performance and energy savings.
Zeus Capital, the Manchester based investment bank, is Nominated Adviser and
Broker to Nanoco Group PLC. Nanoco’s chief executive Dr Michael Edelman
said: "This listing represents the next milestone in Nanoco's rapid development.”
"Trading on the AIM Market of the London Stock Exchange allows Nanoco
to continue to further strengthen its shareholder base and balance sheet, providing
the resources needed to meet the growing demand for its products."
Nanoco was founded in 2001 by two academics from Manchester University - Professor
Paul O'Brien and Dr Nigel Pickett - to advance the development of quantum dots.
“Nanoco’s successful growth”, says Dr Michael Edelman, “is
based on focusing our efforts on the development and mass production of high
performance quantum dots and partnering with strategic quantum dot application
developers around the world to get these exciting materials into the market.”
The Nanoco Group PLC business strategy is to work in partnership with quantum
dot application developers. These application developers tend to be large global
technology companies working to incorporate quantum dots into a specific end
use application such as LEDs, solar cells and displays.
Posted May 7th, 2009
