Nanoco Wins First Order for CFQDs for Displays

Nanoco reported that it has received its first commercial order from Wah Hong Industrial Corporation (“Wah Hong”), said to be 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 (CFQD). The CFQD resin products, which will be produced in Nanoco’s manufacturing facility in Runcorn, UK, and delivered to Wah Hong, will be converted into films by Wah Hong and supplied to an OEM for use 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 CFQD will begin appearing in the international market during the second half of 2017.

Nanoco said that its technology is now being evaluated in 16 active TV and monitor programmes with 13 major OEMs (April 4, 2017: 14 active programs with 9 OEMs).

C P Yeh, President of Wah Hong Industrial said, “As a business, we recently invested in a new, wider coating line that will enable films large enough to fit 100″ TVs to be produced and we remain on track to commence production of CFQD films for our customers during the second half of 2017.”

Analyst Comment

This is good news for Nanoco which seemed to have been in a strong position with its cadmium free technology, but had not been getting the wins that others, particularly Nanosys, had achieved. (BR)