Nanoco receives first commercial order for optical resins containing its cadmium-free quantum dots
Order is from Wah Hong, a large manufacturer of optical films and sheets for displays.
Nanoco Group (Manchester, England and Concord, MA; LSE: NANO), a developer and manufacturer of cadmium-free quantum dots and other nanomaterials, has received its first commercial order, from Wah Hong Industrial Corporation (Kaohsiung, Taiwan), one of the world’s largest manufacturers of optical films and sheets for the display industry, for the supply of resins containing Nanoco's cadmium-free quantum dots (CFQDs).
The CFQD resin products, which will be produced in Nanoco's manufacturing facility in Runcorn, England, and delivered to Wah Hong, will be converted into films by Wah Hong and supplied to an original equipment manufacturer (OEM) for usage in TV and monitor products.
This first order is for initial production, which is expected to ramp up over the coming months. Nanoco and Wah Hong expect that branded products containing Nanoco's CFQD resin will begin appearing in the international display market during the second half of the 2017 calendar year.
Nanoco has also confirmed that its CFQD technology is now (June 30, 2017) being evaluated in 16 active TV and monitor programs with 13 major OEMs (Back on April 4, 2017 it was 14 active programs with 9 OEMs).
"In light of increasing global regulations restricting the use of cadmium, including the imminent ban by the European Commission of cadmium in display products, manufacturers across the world are seeking more sustainable solutions that still deliver outstanding color performance," says Michael Edelman, CEO of Nanoco.