Nanoco Group's (LON:NANON) material development and supply agreement with a major US corporation provides firm support to our near term estimates and the company’s balance sheet. The partner’s funding of a major expansion to Nanoco’s Runcorn manufacturing facility also improves the probability of a sharp inflection in revenues in FY19 and FY20 while providing welcome diversification to the company’s medium term opportunity pipeline. Execution risk remains, but we believe that Nanoco’s prospects are looking meaningfully stronger.
New partnership with a major US corporation
The partnership is with a large undisclosed US corporation to scale up and mass produce nano-particles for advanced electronic devices. For client confidentiality reasons, the announcement does not give any detail away other than that – but by inference we assume that the application does not sit within one of the company’s established display, solar, lighting or healthcare verticals.
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