Further progress, but adoption slow
Nanoco’s commercial ramp looks set to start this calendar year, and interest has increased since the European Commission’s (EC) ruling. However, the pathway to commercial volumes is still slower than anticipated and we are therefore substantially reducing our FY18 estimates. The market opportunity is still significant and we believe Nanoco’s competitive position should ultimately support strong growth and margins, although visibility in the early revenue ramp is inevitably low.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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