Announcement
Nanoco Group PLC : Lighting Division Update
RNS Number : 1436H
Nanoco Group PLC
27 November 2015
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For immediate release |
27 November 2015 |
RNS REACH
NANOCO GROUP PLC
("Nanoco" or the "Company")
Lighting Division Update
Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces the following update on its Lighting Division following the successful launch of the world's first CFQD® Quantum Dot lighting products at the LuxLive industry trade show in London.
Nanoco and its partner Marl International, a UK-based pioneer in LED lighting, launched four product groups at LuxLive including light-emitting ceiling tiles, strip lights, down lighters, and grow lights. All of the product groups use Nanoco CFQD® Quantum Dot film, with the thickness of the film and the size of the quantum dots fine-tuned for specific end uses where colour quality is the primary requirement.
In the run up to last week's LuxLive trade show, Nanoco was highlighted in the Lux Global Hotlist 2015 of the ten most exciting lighting firms worldwide. The Global Hotlist panel's citation described Nanoco as a producer of "cadmium-free quantum dots which promise near perfect colour rendering from LEDs". In addition, the Orion strip light developed with Marl was listed among the "10 product innovations to look out for" at the LuxLive show.
These accolades contributed to a high level of interest in Nanoco and Marl's stand at the show, along with a number of potential new business opportunities.
The lighting products for ambient and specialty lighting displayed at the show included light-emitting ceiling tiles that create diffuse, artificial daylight with a colour temperature of 6500k and low power consumption. These tiles have outstanding colour performance and are ideally suited to high end retail, healthcare and commercial applications.
The CFQD® Quantum Dot strip lights shown at LuxLive are particularly suited to architectural lighting applications and the down lights offer high end retailers the opportunity to showcase their merchandise under perfect lighting conditions.
Two versions of Nanoco and Marl's grow lights for horticultural applications were also showcased at LuxLive. These grow lights benefit from cadmium-free quantum dots tuned to the wavelengths of light needed for plant growth, hence saving energy and creating optimum lighting conditions. Nanoco is continuing to develop this grow light technology, for example by creating quantum dot films for specific types of plants.
Michael Edelman, Nanoco's CEO, commented: "We were delighted by the level of interest at LuxLive in the use of our cadmium-free quantum dot technology in lighting applications. We were also excited by the interest in the range of products that we have created alongside our partner Marl International.
"LEDs were by far the dominant lighting type at LuxLive, reflecting the compelling attractions of LEDs in the future of lighting. Our technology has the ability to add outstanding colour performance to the other benefits of LEDs, particularly energy efficiency."
For further information, please contact:
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Nanoco |
Tel: +44 (0) 161 603 7900 |
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Michael Edelman, Chief Executive Officer |
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David Blain, Chief Financial Officer Caroline Watson, Investor Relations Manager |
Tel: + 44 (0) 7799 897357 |
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Canaccord Genuity - Joint Broker |
Tel: +44 (0) 20 7523 8000 |
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Simon Bridges |
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Cameron Duncan Mark Whitmore |
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Liberum - Joint Broker |
Tel: +44 (0) 20 3100 2000 |
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Neil Patel |
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Richard Bootle Steven Tredget |
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Buchanan |
Tel: +44 (0) 20 7466 5000 |
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Mark Court / Sophie Cowles / Stephanie Watson |
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Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has an exclusive manufacturing and marketing licensing agreement with The Dow Chemical Company.
Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.
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.nanocotechnologies.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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