During a presentation of its preliminary financial results, for the year endiing July 2015, Nanoco said that its balance sheet had almost doubled from 2014. Cash, cash equivalents and deposits totalled £24.3 million ($37.4 million), compared to £12.2 million ($18.8 million) last year.
There has been ‘substantial progress’ made in the commercialisation of Nanoco’s quantum dot technology in the display industry, thanks to its partnership with Dow Chemical. Dow’s large-scale cadmium-free QD manufacturing plant, in South Korea, was completed at the end of the financial year. Nanoco and Dow are now working with 11 display OEMs globally, from Korea, Japan, Taiwan, China and the USA.