Nanoco Group - Focusing group resources
Since announcing the termination of the formal sale process in April, Nanoco has reshaped its activities while remaining focused on the commercialisation of its patented nano-material technology. Having defined the scope of the company’s activities, management has reassigned costs to maintain a cash runway to at least the end of calendar year 2022. As part of this programme and in line with the board’s succession planning, CEO Dr Michael Edelman has stepped down. Although our estimates remain under review, we hope to see fresh guidance when the FY20 results are announced in October.Nanoco Group is engaged in the research, development and manufacture of cadmium and heavy-metal-free quantum dots and semiconductor nanoparticles. Co.'s core activities are the generation and development of CFQD® quantum dot products. In the display industry, the use of CFQD® quantum dot products enhances the colour gamut and energy efficiency of liquid crystal display televisions and other displays. The display market includes televisions, monitors, notebooks, tablets and smartphones.
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