plc (AIM: NANO), a world leader in the development and manufacture of
cadmium-free quantum dots, announces that it has successfully produced the 1kg
batch of red cadmium-free quantum dots (CFQD) specified by a major Japanese
corporation, which triggers a US$2 million payment to Nanoco by the corporation.
The production of cadmium-free quantum dots on this scale is a major
technical achievement, which underlines the scalability of Nanoco's
patent-protected technology and the expertise of its production and technical
The 1kg of red CFQD was manufactured to specification at Nanoco's recently
commissioned production facility in Runcorn, Cheshire.
Nanoco expects to be able to demonstrate that green CFQD meet the final
technical milestones within the next few months, which will trigger a milestone
payment of US$1 million. This will be followed by the production of 1kg of green
CFQD for delivery to the same customer in the second half of 2011. Once
validated, the green CFQD will also attract a US$2 million milestone payment.