First commercial orders
The receipt of first orders from Wah Hong was an important step forward. Just as importantly, the CFQD product is now being evaluated by 13 major OEMs for 16 programmes, giving confidence that revenues are now set to ramp up, as more programmes progress through the pipeline and shipment volumes increase. We also note that the exit of 3M, one of (Nanoco competitor) Nanosys's film partners should be helpful. A £485k grant for Nanoco from Innovate UK to develop quantum dots for the detection of Pancreatic cancer reminds us that there is more to the company than just display - other non-display applications include lighting and solar power generation. Nevertheless in the near term, the investment case will hinge around progress in display.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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