Nanoco Group: Moving Forward Step By Step
Edison | Nov 21, 2017 12:03AM ET
The longer than expected commercialisation cycle has been frustrating but we believe that Nanoco continues to make progress on a number of fronts. The first commercial shipments of its CFQDs in computer monitors are expected in calendar Q118, royalties from Dow are now increasing and the pipeline of OEMs working with Nanoco remains robust. The company’s ability to execute and customer confidence should also be enhanced by the recent fund raise and strengthened balance sheet.
Staged ramp starting in computer displays
Nanoco Group Plc (LON:NANON) is now seeing a staged build up in volume shipments of product into the display market via AUO, the number three TV/computer display manufacturer globally. The first models are expected to become commercially available in calendar Q1 with more to follow later in the year. The commercialisation cycle in TV is more protracted but the pipeline continues to mature. Nanoco is engaged with many major brands and AUO demonstrated a broad range of television models at the Touch Taiwan conference in September. We see progress in securing OEM customers as a significant commercial milestone to look for. Dow now appears to be shipping commercial volumes, with royalties building quarter on quarter from a low base.
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Nanoco Group: Moving Forward Step By Step
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