Dow Electronic Materials and Nanoco Group PLC Sign Global Licensing Agreement for Cadmium-Free Quantum Dots

Wed Jan 23, 2013 2:05am EST

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Dow to sell, market and manufacture cadmium-free quantum dots for LCD displays
PHILADELPHIA & MANCHESTER, United Kingdom--(Business Wire)--
Dow Electronic Materials, a business unit of The Dow Chemical Company (NYSE:DOW)
and Nanoco Group plc (AIM:NANO) today announced they have entered into a global
licensing agreement for Nanoco`s cadmium-free quantum dot technology. Under the
terms of the agreement, Dow Electronic Materials will have exclusive worldwide
rights for the sale, marketing and manufacture of Nanoco`s cadmium-free quantum
dots for use in electronic displays. 

The agreement brings together Nanoco`s world-leading technology with Dow`s
large-scale manufacturing capability and well-established sales, marketing and
distribution network. Dow Electronic Materials is already a major supplier of
critical electronic materials to the global display industry. 

The financial details of the agreement are not being disclosed though Nanoco
will receive royalty payments related to Dow`s sales of cadmium-free quantum
dots. Nanoco will continue to provide any technology advances to its
cadmium-free quantum dot technology throughout the lifetime of the agreement and
participate with Dow in the marketing and technical support of these materials. 

Dow intends to build production capacity in Asia where it has extensive
manufacturing capabilities to supply high-performance materials to its customers
in the display and semiconductor-related segments. Full commercial production is
expected to begin in the first half of 2014. 

"We believe that Nanoco`s cadmium-free quantum dots will become a new standard
in the display industry owing to their ability to significantly improve the
color performance of LCD displays both cost-effectively and by avoiding the use
of heavy metals," said C.G. Park, Global Business Director, Dow Electronic
Materials. "When coupled with Nanoco`s technology, Dow`s deep technical,
engineering and industry knowledge in films, LCD, LED, and OLED display segments
brings our customers an unmatched portfolio of materials solutions." 

Michael Edelman, Nanoco`s Chief Executive Officer, commented: "We are delighted
to sign this agreement with Dow Electronic Materials. This agreement is
transformational for the quantum dot industry and a significant endorsement of
Nanoco`s cadmium-free quantum dot technology. With Dow`s production expertise
and deep customer relationships, display makers can begin to plan their quantum
dot production requirements with further confidence." 

About Dow

(NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry and
innovation with the principles of sustainability to help address many of the
world's most challenging problems such as the need for clean water, renewable
energy generation and conservation, and increasing agricultural productivity.
Dow's diversified industry-leading portfolio of specialty chemical, advanced
materials, agrosciences and plastics businesses delivers a broad range of
technology-based products and solutions to customers in approximately 160
countries and in high growth sectors such as electronics, water, energy,
coatings and agriculture. In 2011, Dow had annual sales of $60 billion and
employed approximately 52,000 people worldwide. The Company's more than 5,000
products are manufactured at 197 sites in 36 countries across the globe.
References to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted. More information
about Dow can be found at 

About Dow Electronic Materials

Dow Electronic Materials, a global supplier of materials and technologies to the
electronics industry, brings innovative leadership to the semiconductor,
interconnect, finishing, photovoltaic, display, LED and optics markets. From
advanced technology centers worldwide, teams of talented Dow research scientists
and application experts work closely with customers, providing solutions,
products and technical service necessary for next-generation electronics. These
partnerships energize Dow's power to invent. Its key end-use applications
include a broad range of consumer electronics from personal computers, to
television monitors, smart phones and tablets and other mobile devices as well
as electronic devices and systems used in a variety of industries. More
information about Dow Electronic Materials can be found at 

About Nanoco Group plc

Nanoco is a world leader in the development and manufacture of commercial
quantities of quantum dots for use in multiple applications including lighting,
solar cells and biological imaging. Nanoco's quantum dots, which are free of
heavy metals and comply with RoHS legislation, can be combined into a wide range
of materials including liquids, polymers and glass. Nanoco forms strategic
partnerships with major end users across a range of applications. 

Nanoco was founded in 2001 and is based in Manchester, UK. Nanoco began trading
on the AIM market of the London Stock Exchange in May 2009 under the ticker
symbol NANO. 

For further information, please visit

The Dow Chemical Company:
Shari Samuels, Dow Electronic Materials, +1.215.592.6877
For Nanoco:
Mark Court, Buchanan, +44 (0) 20 7466 5125

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