LONDON: Nanoco Group plc (LSE: NANO), a leading developer and manufacturer of cadmium-free quantum dots and nanomaterials, has signed a major new Joint Development Agreement (JDA) with a second Asian chemical customer, the company announced Monday.
The one-year program aims to optimize lead-free nanomaterials for use in global electronics applications, with plans to scale up to industrial production levels by 2027 if successful.
Revenue from the agreement is expected to exceed Nanoco’s current forecasts for non-license fee income in fiscal year 2025 and contribute further to fiscal year 2026.
“This JDA with another Asian chemical company highlights the growing focus on the incorporation of quantum dots into sensors for high-volume commercial applications,” said Dmitry Shashkov, Nanoco’s CEO.
Market research indicates that quantum dot-enabled silicon sensors, particularly lead-free variants, could disrupt the global consumer electronics market. Nanoco and its customers are at the forefront of this technology, backed by significant intellectual property protections.
The company said it is in discussions with additional potential customers for further projects and will provide updates to shareholders in due course.