Nanoco Group: £1.8m Milestone Payment From Major Partner
Edison | May 08, 2018 04:24AM ET
Nanoco's (LON:NANON) £1.8m milestone payment from its major US partnership confirms the scale up is on track for commercial production to start in January 2019. The company remains on a course to deliver a significant inflection in financial performance, starting in H2.
This is the second of three milestones related to the development and manufacturing scale up for the production of infrared nanomaterials by the company’s large US listed partner. The total value of the two milestone payments received so far is £2.6m. The statement confirms the company is confident of meeting the timelines to start commercial production in January 2019.
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