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Nanoco Group completes significant milestone under supply agreement with undisclosed US customer

Michael Edelman, the firm'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"

Nanos
Nanoco added that total value of all milestones in the programme triggered to date is £4.2mln

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." 

Quick facts: Nanoco Group PLC

Price: 15 GBX

LSE:NANO
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Market Cap: £42.93 m
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