TIDMNANO
Nanoco Group PLC
22 May 2017
Nanoco and Kyulux Inc. Sign Agreement to Develop Next Generation
Displays
The creation of Cadmium-Free Quantum Dot Hybrid QLED - OLED
Technology Offers the Potential of Vastly Superior Displays
MANCHESTER, UK & CONCORD, Mass. USA, 22 May 2017 - Nanoco
Group plc (LSE: NANO), a world leader in the development and
manufacture of cadmium-free quantum dots and other nanomaterials,
and Kyulux Inc., a world leader in developing and delivering the
next generation of organic light emitting diode (OLED) technology
today announced the signing of a collaboration and joint
development agreement.
Under the agreement, Nanoco's heavy metal free quantum dots
(CFQD quantum dots) will be combined with Kyulux's Hyperflourescent
'thermally activated delayed fluorescence' ("TADF") technology to
create future generation hybrid OLED / QLED display technology with
superior qualities to existing products in the display market.
In addition to offering a high degree of brightness and pure
color, the combination of technologies means the displays will be
cost effective for manufacturers and highly energy efficient for
consumers.
"We are excited by the potential of this partnership, which
brings together two global leaders in their fields," said Nanoco's
Chief Executive Officer Michael Edelman. "By combining the best of
quantum dot technology with the best of new generation OLED
technology, we will bring world-class display technology to market.
We have great confidence in our ability to deliver our current
technology to the display market as planned. Innovation is core to
Nanoco and this partnership complements our existing strategy to
deliver cutting edge technology to the display market without
increasing our cash burn."
"Kyulux is delighted to collaborate with Nanoco on this project,
which will produce a vast improvement in display technology," said
Christopher Savoie, Chief Executive Officer of Kyulux Inc. "As well
as enhancing brightness and color, our next generation of display
devices will be both cost effective and highly energy efficient.
This will offer a technology breakthrough, particularly in the
manufacture of ultra-high definition large screen devices."
Under the terms of the agreement, Nanoco and Kyulux will jointly
develop and market this future display technology.
ABOUT KYULUX
Kyulux is a leader in developing and delivering the next
generation of organic light emitting diode (OLED) technology, TADF.
Kyulux develops and sells TADF and Hyperfluoresence based OLED
materials and solutions to manufacturers in the display and
lighting industries.
Founded in 2015, the Company currently owns or has exclusive,
co-exclusive or sole license rights to a large TADF intellectual
property portfolio developed over the past seven years at Kyushu
University and its industrial partners. Kyulux also enjoys a
license to cutting-edge deep learning-based artificial intelligence
technology for chemical discovery developed at Harvard
University.
Kyulux's cofounder and the inventor of TADF technology, Prof.
Chihaya Adachi, is widely viewed as the top global researcher in
OLED technology, having been a key author and inventor in all
previous generations of OLED materials that are now used everyday
by consumers across the globe.
Based in Fukuoka, Japan, with an advanced research and
development center in Boston, Massachusetts. For further
information please visit: www.kyulux.com
ABOUT NANOCO
Nanoco (LSE: NANO) harnesses the power of nano-technology to
create a brighter, more sustainable future. Based on breakthrough
science, Nanoco's proprietary manufacturing process enables the
large-scale production of its cadmium-free CFQD(R) quantum dots for
multiple applications:
-- LCD display, where Nanoco's CFQD(R) quantum dots give
consumers peace of mind to enjoy next-generation color performance
and energy efficiency without allowing toxic chemicals into their
homes.
-- Lighting, where Nanoco's CFQD(R) quantum dots are used in
horticulture to safely speed plant growth.
-- Healthcare, where Nanoco's CFQD(R) quantum dots are opening
new, potentially life saving uses in bio-imaging.
-- Solar, where Nanoco's CFQD(R) quantum dots are incorporated
into printable solar inks for future thin, highly efficient and low
cost solar cells.
Nanoco has non-exclusive manufacturing and marketing licensing
agreements in display with The Dow Chemical Company, Merck KGaA of
Germany, and Wah Hong Industrial Corporation of Taiwan. Through
these partners and its own production facilities in Runcorn, UK,
Nanoco is creating the world's largest manufacturing ecosystem for
cadmium-free quantum dots.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco
continues to build out a world-class, patent-protected IP portfolio
generated both by its own innovation engine, as well as through
acquisition.
Nanoco is listed on the main market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information
please visit: www.nanocogroup.com.
For further information, please contact:
MHP Communications Tel: +44 (0) 20
3128 8788
Reg Hoare / Andrew Leach /
Giles Robinson
nanoco@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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