Under this agreement, Nanoco will scale-up and mass produce novel nano-particles for advanced electronic devices and supply them from its state-of–the-art production facility in Runcorn, UK. In preparation for the quantity of materials needed for these markets, the partner will fund the capital expenditure required to expand Nanoco’s Runcorn facility. The commercial terms of the agreement include payments for success-based milestones, and commercial supply of materials. Based on the current timelines, commercial supply is anticipated to begin early 2019.
“This transaction not only exemplifies the potential of our technology, but also the recognition that Nanoco can continue to pursue broad partnerships in diverse markets,” said Michael Edelman, chief executive of Nanoco. “Our deep expertise in the development and mass production of highly differentiated nanoparticles has enabled us to create partnerships, and future revenue streams, with partners around the globe.”