CONCORD, Mass.--(BUSINESS WIRE)--Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, today announced the company has acquired a group of patents from the Eastman Kodak Company (“Kodak”) in connection with the use of quantum dots in electroluminescent displays, a future display technology. With this acquisition, Nanoco continues to build out a world-class IP portfolio generated both by the company’s own innovation engine, as well as the research of others. The commercial terms of the patent acquisition are undisclosed.
This patent acquisition, which is in line with Nanoco’s strategy of building its patent estate organically and by acquisition, reinforces the company’s intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays.
Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years. Display sales are expected to remain dominated in the medium-term by liquid crystal display (“LCD”) technology, which is Nanoco’s current commercial focus.
“This patent purchase from Kodak broadens our intellectual property estate and commercial position in future display technologies,” said Michael Edelman, Nanoco’s Chief Executive Officer. “The vast majority of current displays are based on LCD technology and we expect LCDs to dominate display sales in the near- and medium-term. In the longer-term, QLEDs displays could challenge current OLED displays and we aim to have a strong competitive position in this space in preparation for any market change. Our current focus remains on driving near-term revenue from the supply to the LCD industry of the Company’s cadmium-free quantum dots, manufactured and marketed by Nanoco and our licensees, Dow, Merck and Wah Hong.”
ABOUT NANOCO
Nanoco (LSE: NANO) is a world leader in the development and production of cadmium-free quantum dots and other nano-materials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, it has non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong Industrial Corporation of Taiwan. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.
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.nanocogroup.com.
