Extension of Joint Development Agreement
Nanoco Group PLC announced a significant three-year extension to its Joint Development Agreement with a key Asian Chemical Customer, building on a previous two-year collaboration. Effective from November 4, 2025, this extended JDA focuses on further developing and scaling up manufacturing of Quantum Dot nanomaterials for Short Wave Infrared capabilities in silicon sensors. The new agreement includes an inflationary increase in fees, which will contribute to Nanoco's revenues across fiscal years 2026, 2027, 2028, and 2029. This partnership, with a major electronics supply chain player, is expected to lead to production level orders by 2028 if successful, potentially opening high-volume markets in consumer electronics, automotive, industrial, and defence sectors.
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Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other specific nanomaterials emanating from its technology platform, is pleased to announce it has signed a three-year extension to the existing Joint Development Agreement ("JDA") with its important Asian Chemical Customer (the "customer").
The agreement continues the long collaboration between Nanoco and the Asian Chemical Customer, building on the completion of the existing two-year JDA which was originally announced on 7 November 2023. The three-year programme is to further develop the material and to scale up the manufacturing process of the Quantum Dot ("QD") nanomaterial that will be applied to silicon sensors to enable Short Wave Infrared ("SWIR") capabilities. The customer is a very significant player in electronics supply chains.
The new JDA also includes an inflationary increase to the amount the customer will pay to Nanoco compared to the previous agreement. If successful, the customer anticipates production level orders will be rolled out in 2028.
The fees received from the JDA will contribute to Nanoco's revenues in FY26, FY27, FY28 and FY29.
Dmitry Shashkov, Nanoco's CEO, commented:
"Since we started our work on Quantum Dots for sensing applications, Nanoco has proven it has the expertise and capability to not only develop the best materials but also move these through the scale up and production phases of development.
"Applying nanomaterials to silicon sensors is an affordable and scalable way to unlock short-wave infrared capabilities, and JDAs of this kind demonstrate our leadership in this area. Through Nanoco's innovative technology, we're delighted to be opening up high-volume, cost sensitive markets and applications within consumer electronics, in addition to the automotive, industrial and defence sectors.
"We continue to discuss other potential projects with multiple new potential customers and we look forward to updating shareholders further in due course."
MAR
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