Nanoco signs follow-on Joint Development Agreement with Osram

Nanoco signs follow-on Joint Development Agreement with Osram

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces that it has signed a further follow-on joint development agreement with Osram, one of the world’s largest lighting companies, in connection with the use of Nanoco quantum dots in lighting.

Nanoco has been working with Osram under joint development agreements since 2011 with the objective of delivering LED lighting with superior performance characteristics. Much of the technical work to date has focused on encapsulating Nanoco’s cadmium-free quantum dots to optimise them for the operating conditions associated with LEDs.

Nanoco’s cadmium-free quantum dot technology has the potential to transform LEDs so that they more efficiently produce bright, warm light with the ability to accurately reproduce colours.

Michael Edelman, Nanoco’s Chief Executive Officer, said: “We’re delighted to sign this latest joint development agreement with Osram and to continue this exciting work focused on creating LEDs with substantially improved colour performance. Lighting is a core target market for our cadmium-free quantum dot technology.”