Nanoco Group’s (LON:NANON) 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.
Pipeline full, commercial ramp set to start
The company continues to work with 13 major OEMs, with a near-term focus on 10 programmes with five OEMs with the most immediate potential. Further orders are expected in the coming months for both televisions and computer displays.
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