BRIEF-Nanoco Signs Agreement With Its Undisclosed U.S. Listed Partner

  • Reuters
  • Stock Market News
BRIEF-Nanoco Signs Agreement With Its Undisclosed U.S. Listed Partner
Credit: © Reuters.

April 23 (Reuters) - Nanoco Group PLC NANON.L :

* NANOCO - HAS SIGNED A SECOND AGREEMENT WITH ITS UNDISCLOSED US LISTED PARTNER FURTHER TO MATERIAL DEVELOPMENT AND SUPPLY AGREEMENT BETWEEN TWO COMPANIES

* TERMS OF NEW AGREEMENT INCLUDE ADDITIONAL SUCCESS BASED MILESTONE PAYMENTS AND DEVELOPMENT-BASED FUNDING

* NANOCO - UNDER AGREEMENT, CO WILL DEVELOP NEXT GENERATION NANO-MATERIALS FOR APPLICATIONS IN FUTURE TECHNOLOGIES INCLUDING ADVANCED ELECTRONIC DEVICES

* NANOCO - PARTNER IS FUNDING CAPITAL EXPENDITURE REQUIRED TO EXPAND MANUFACTURING CAPABILITIES OF CO'S RUNCORN FACILITY IN ORDER TO SUPPLY PARTNER

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