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Nanoco Group's (NNOCF) CEO Michael Edelman on Six Months Results Ended January 31, 2018 - Earnings Call Transcript

Apr. 10, 2018 8:45 AM ETNanoco Group plc (NNOCF)
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Nanoco Group Plc (OTCPK:NNOCF) Six Months Results Ended January 31, 2018 April 10, 2018 3:30 AM ET


Michael Edelman - CEO

David Blain - CFO


Dan Ridsdale - Edison Investment Research

Luke Holbrook - Stifel


Welcome everybody to Nanoco's Half Year Results. For those of you listening online, on the webcast, welcome. Thank you for joining us. Really excited and encouraged by the progress we've made over the last six months. Huge amount of momentum, game changing contract with a large U.S. corporation which we'll talk more about and that's in the field of nanomaterials, increasing number of display products now moving through to volume mass production with our leading Taiwanese display customers. In medical devices, contract with CareWear, a U.S. corporation which is now entering the market in the professional sports market, Horticultural Lighting and Life Sciences making really good progress.

Technology continues to grow, now 600 patents and patent applications, as you know it's the lifeblood of Nanoco. Our balance sheet strengthened placing at the end of last year. A lot of work on costs throughout the year and took our costs down in 2017, but the moment and what is really pleasing to me about these results is from the beginning when I first started with Nanoco in 2004 we always talked about this vision of taking this nanoparticle, these nano-particles, these quantum dots and having them utilized in multiple high-value large end-use markets, that's now starting to come through and we're really now starting to prove that. So it's not just display, it's not just lighting, but you have his whole new sector of nano-particles opening it up in a very, very big way.

So looking and just to remind you, looking a little bit at Nanoco as a whole we're a pioneer in

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