TIDMNANO
RNS Number : 6405X
Nanoco Group PLC
21 December 2023
21 December 2023
NANOCO GROUP PLC
("Nanoco", the "Group", or the "Company")
Appointments of Non-Executive Directors
Nanoco reinforces Board with appointment of leading electronics
industry experts
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other specific
nanomaterials emanating from our technology platform, announces the
appointments of Dr Jalal Bagherli and Mr Dieter May as independent
Non-Executive Directors (NEDs). Both appointments add significantly
to relevant industry experience and networks that the Board can
draw upon as the Company continues its transition from R&D
first mover to an electronics materials production company.
The appointments are in line with Nanoco's long standing
commitment to recruit a new Non-Executive Director with deep sector
knowledge in commercialising new technologies in relevant
electronics markets. Given the high quality of candidates and their
appetite to join the Group, the Board concluded that it would be
highly beneficial to appoint two new NEDs.
Dr Jalal Bagherli brings broad experience of working with a
number of the world's largest brands in the electronics industry.
Jalal was recently appointed Co-Chair of the UK Semiconductor
Advisory Panel, representing the views of the UK semiconductor
industry. He was the CEO of Dialog Semiconductor plc ("Dialog")
from 2005 until the successful sale of the company to Japan's
Renasas in 2021. Under Jalal's leadership, Dialog became a world
leader in mobile power management and connectivity products,
selling to most of the major companies in the consumer electronics
and mobile phone sector. His earlier career included roles as CEO
of Alphamosaic and before that at Sony Semiconductor and Devices
Europe as Vice President and Managing Director.
Dieter May has spent his senior executive career in
transformational roles, driving profitable sales growth in
high-tech industries and premium brands. Dieter was Chairman and
CEO of Osram Opto Semiconductors GmbH, one of the world's leading
optoelectronic components companies, participating in electronics
applications such as facial and iris recognition, health
monitoring, vehicle navigation, and virtual and augmented reality
as well as uLED displays. As CEO, Dieter developed relationships
with leading companies throughout the sector. His earlier career
spanned Senior Vice President positions in semiconductor
technologies (Infineon), and connected devices and digital consumer
services in both mobile consumer products (Nokia) and automotive
(BMW).
Dieter May will join the Board on 1 February 2024. Dr Jalal
Bagherli will join the board on 5 April 2024.
Dr Christopher Richards, Chairman, said :
"We are delighted to have secured Jalal and Dieter as new NEDs,
as they bring a wealth of relevant strategic, commercial, and
operational experience. This spans a range of Nanoco's core global
electronics end markets, including semi-conductors and sensing.
Both have outstanding networks, which will strongly support our
efforts to accelerate the commercialisation of our technology in a
range of applications and end users.
"Jalal and Dieter have also both held senior executive roles in
large scale enterprises similar to Nanoco's major customers and
also in smaller businesses supplying into large global customers.
Their understanding of the supply chain will substantially boost
both our strategic planning and our commercial execution.
"Our ability to attract such experienced individuals to the
Group reinforces that Nanoco has compelling technologies and an
exciting opportunity to generate future value."
Dr Jalal Bagherli, said :
"Nanoco is an important UK based technology and production
company, competing in global markets, with very exciting prospects.
Its leading edge R&D and installed production capacity,
supported by a validated IP portfolio in a fully funded business,
form a rare and strong foundation for future growth and value
generation. I'm looking forward to bringing my experience to the
team".
Dieter May, said :
"I am pleased to be joining such a well resourced and innovative
business at this exciting stage in its evolution. Nanoco has the
technology and ability to meet the strenuous and large scale
demands of some of the world's largest electronics companies as
they scale production of devices incorporating cadmium free quantum
dot technologies."
Disclosures required pursuant to Listing Rule 9.6.13
Other than the information disclosed above, there is no further
information to disclose in accordance with LR 9.6.13 of the Listing
Rules of the Financial Conduct Authority.
- Ends -
For further information, please contact:
Nanoco Group PLC :
Brian Tenner, CEO
+44 (0)1928 761 404
Liam Gray, CFO & Company Secretary
Peel Hunt (Joint Corporate Broker):
Paul Gillam +44 (0) 20 7418 8900
Richard Chambers
Turner Pope Investments (Joint Corporate Broker):
Andrew Thacker +44 (0) 20 3657 0050
James Pope
MHP : +44 (0) 203 128 8100
Reg Hoare
Matthew Taylor
Christian Harte
nanoco@mhpgroup.com
FORWARD LOOKING STATEMENTS
This announcement (including information incorporated by
reference in this announcement) and other information published by
Nanoco may contain statements about Nanoco that are or may be
deemed to be forward looking statements. Such statements are
prospective in nature. All statements other than historical
statements of facts may be forward looking statements. Without
limitation, statements containing the words "targets", "plans",
"believes", "expects", "aims", "intends", "will", "may",
"anticipates", "estimates", "projects" or "considers" or other
similar words may be forward looking statements.
Forward looking statements inherently contain risks and
uncertainties as they relate to events or circumstances in the
future. Important factors such as business or economic cycles, the
terms and conditions of Nanoco's financing arrangements, tax rates,
or increased competition may cause Nanoco's actual financial
results, performance or achievements to differ materially from any
forward looking statements. Due to such uncertainties and risks,
readers are cautioned not to place undue reliance on such forward
looking statements, which speak only as of the date hereof. Nanoco
disclaims any obligation to update any forward looking or other
statements contained herein, except as required by applicable
law.
Notes for editors:
About Nanoco Group plc
Nanoco (LSE: NANO) is a nano-material production company,
specialising in the production of its patented cadmium free quantum
dots (CFQD(R)) and other patented nano-materials for use in the
electronics industries.
Founded in 2001 and headquartered in Runcorn, UK, Nanoco
continues to build out a world-class, patent-protected IP portfolio
alongside the scaling of the production for commercial orders.
Nano-materials are materials with dimensions typically in the
range 1 - 100 nm. Nano-materials have a range of useful properties,
including optical and electronic. Quantum dots are a subclass of
nano-material that have size-dependent optical and electronic
properties. Within the sphere of quantum dots, the Group exploits
different characteristics of the quantum dots to target different
performance criteria that are attractive to specific markets or
end-user applications such as the Sensor, Electronics and Display
markets. Nanoco's CFQD(R) quantum dots are free of cadmium and
other toxic heavy metals, and can be tuned to emit light at
different wavelengths across the visible and infrared spectrum,
rendering them useful for a wide range of display applications.
Nanoco's HEATWAVE(TM) quantum dots can be tuned to absorb light at
different wavelengths across the near-infrared spectrum, rendering
them useful for applications including cameras and image
sensors.
Nanoco is listed on the Main Market of the London Stock Exchange
and trades under the ticker symbol NANO. For further information
please visit: www.nanocotechnologies.com.
visit: www.nanocotechnologies.com
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END
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