Nanoco Group Plc (LON:NANON)'s extension of its partnership with a major listed US corporation indicates the relationship could be both significant and long lasting. Visibility remains limited, but with revenue opportunities across three applications, sensors, display and lighting, we expect to see a meaningful inflection in financial performance from here. Nanoco’s credentials as a platform technology company are also strengthened.
The agreement is with the same large listed US corporation with which the company announced a partnership in February. That partnership is for the scale up and mass production of infrared nanomaterials for sensing/sensor applications with volume production is expected to start in Q119. This agreement is for the research and development of nanomaterials for potential use in the same or similar applications.
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