Nanoco Group PLC (LSE: NANO) rose on Christmas Eve after announcing that it completed a significant milestone valued at £1.6mln under the Material Development and Supply Agreement announced in February 2018 with its undisclosed US customer.
The firm, a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials said the milestone - the third of three - has been completed within with the timetable set out in the agreement.
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It added that total value of all milestones in the programme triggered to date is £4.2mln.
Michael Edelman, Nanoco’s chief executive said: “We continue to discuss other potential services and deliverables and our aim is to deepen and lengthen our relationship with this important collaboration."