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Interim Results

Nanoco Group widens H1 pretax loss

12 April 2016 07:48

Nanoco has widened its H1 pretax loss to GBP6.3m, from GBP4.1m, with revenue coming in at GBP290,000, from GBP1.6m.

Chairman Anthony Clinch commented:

"We have made substantial progress in the financial year to date. The decision to convert the worldwide licensing agreement with Dow to non-exclusive gives us greater control over the commercialisation of our technology in the display industry.

"We have an exciting strategy in display in which we are now targeting multiple routes to market.

"The Dow plant in South Korea is now producing cadmium-free quantum dots for sampling to potential customers. We look forward to Dow receiving commercial orders as a result of this customer sampling.

"We continue to make progress in our other target markets and to build our organisation. We look forward to the months ahead with confidence."

Story provided by StockMarketWire.com

Related Company: NANO

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