Nanoco Group (NANO)

Sector:

IT Hardware

Index:

FTSE Fledgling

7.25p
   
  • Change Today:
    -0.070p
  • 52 Week High: 23.40p
  • 52 Week Low: 6.50p
  • Currency: UK Pounds
  • Shares Issued: 194.61m
  • Volume: 483,293
  • Market Cap: £14.11m
  • Beta: 0.01

Nanoco signs big manufacturing deal with US partner

By Josh White

Date: Thursday 08 Feb 2018

LONDON (ShareCast) - (ShareCast News) - Cadmium-free quantum dots and nanomaterials developer and manufacturer Nanoco Group announced on Thursday that it has signed a material development and supply agreement with a large, undisclosed US listed corporation.
The London-listed firm said that under the agreement, Nanoco would scale-up and mass produce novel nanoparticles for advanced electronic devices, and supply them from its production facility in Runcorn.

In preparation for the quantity of materials needed, the partner would fund the capital expenditure required to expand Nanoco's Runcorn facility.

The commercial terms of the agreement included payments for success based milestones, and commercial supply of materials, both of which would strengthen Nanoco's balance sheet, its board explained.

Based on the current timelines, commercial supply was anticipated to begin early 2019.

"This transaction not only exemplifies the potential of our technology, but also the recognition that Nanoco can continue to pursue broad partnerships in diverse markets," said chief executive Michael Edelman.

"Our deep expertise in the development and mass production of highly differentiated nanoparticles has enabled us to create partnerships, and future revenue streams, with partners around the globe.

"We are very pleased to announce today's agreement, and we look forward to updating you on our progress."

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Nanoco Group Market Data

Currency UK Pounds
Share Price 7.25p
Change Today -0.070p
% Change -0.96 %
52 Week High 23.40p
52 Week Low 6.50p
Volume 483,293
Shares Issued 194.61m
Market Cap £14.11m
Beta 0.01

Nanoco Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
65.04% below the market average65.04% below the market average65.04% below the market average65.04% below the market average65.04% below the market average
58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average58.33% below the sector average
Price Trend
83.75% below the market average83.75% below the market average83.75% below the market average83.75% below the market average83.75% below the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Income Not Available
Growth
15.16% below the market average15.16% below the market average15.16% below the market average15.16% below the market average15.16% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

Nanoco Group Dividends

No dividends found

Trades for 04-Apr-2025

Time Volume / Share Price
16:26 39,734 @ 6.98p
12:40 39,000 @ 7.02p
12:26 6,456 @ 7.04p
12:25 607 @ 6.60p
12:15 71,644 @ 6.94p

Nanoco Group Key Personnel

CFO Liam Gray
CEO Dmitry Shashkov

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