The creation of Cadmium-Free Quantum Dot Hybrid QLED – OLED Technology Offers the Potential of Vastly Superior Displays

MANCHESTER, UK & CONCORD, Mass. USA, May 22, 2017 – Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, and Kyulux Inc., a world leader in developing and delivering the next generation of organic light emitting diode (OLED) technology today announced the signing of a collaboration and joint development agreement.

Under the agreement, Nanoco’s heavy metal free quantum dots (CFQD quantum dots) will be combined with Kyulux’s Hyperflourescent ‘thermally activated delayed fluorescence’ (“TADF”) technology to create future generation hybrid OLED / QLED display technology with superior qualities to existing products in the display market.

In addition to offering a high degree of brightness and pure color, the combination of technologies means the displays will be cost effective for manufacturers and highly energy efficient for consumers.

“We are excited by the potential of this partnership, which brings together two global leaders in their fields,” said Nanoco’s Chief Executive Officer Michael Edelman. “By combining the best of quantum dot technology with the best of new generation OLED technology, we will bring world-class display technology to market. We have great confidence in our ability to deliver our current technology to the display market as planned. Innovation is core to Nanoco and this partnership complements our existing strategy to deliver cutting edge technology to the display market without increasing our cash burn.”

“Kyulux is delighted to collaborate with Nanoco on this project, which will produce a vast improvement in display technology,” said Christopher Savoie, Chief Executive Officer of Kyulux Inc. “As well as enhancing brightness and color, our next generation of display devices will be both cost effective and highly energy efficient. This will offer a technology breakthrough, particularly in the manufacture of ultra-high definition large screen devices.”

Under the terms of the agreement, Nanoco and Kyulux will jointly develop and market this future display technology.

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