At last the potential of this fantastic company is becoming realised, 67p re-rating yes is a stepping stone in my opinion, but the sky is the limit when the full story comes reality. Nano is the science of tomorrow and that is why they have had the backing to take the company forward. Check out the history of who had faith in this magnificent company.
From Edison Investment Research, 'significant inflection in financial performance, starting in H2'
'Nanocos £1.8m milestone payment from its major US partnership confirms the scale up is on track for commercial production to start in January 2019. The company remains on a course to deliver a significant inflection in financial performance, starting in H2.'
From the RNS comment, this development is being fast tracked. If the commercial supply is to commence in 8 months time, the buildings will be up within a couple of months, manufacturing and personnel probably already in the pipeline. Very promising.
'As previously disclosed, the Partner is funding the capital expenditure required to expand the manufacturing capabilities of Nanoco's existing Runcorn facility in order to supply the Partner with commercial volumes of product. This process is already underway, with an agreement reached in March to take over 10,000 sq. ft. of additional space in Runcorn to build a state-of-the-art production facility in order to commence commercial supply in January 2019.'
It is a little jam today. Even with its debts presumably this enterprise has some value, so adding to the worth of Nanoco. However, no doubt when it starts to do well it will come and ask for money, as children do ...
Nanocos launch of a subsidiary, Nanoco 2D Materials, will provide funding and structure for development work in the field of 2D nanoparticles, which the company has been carrying out with graphene pioneer and Nobel Laureate, Prof. Konstantin Novoselov. The commercialisation of such materials is some way off but the potential looks exciting and the development further emphasises the broad applicability of Nanocos nano-materials technology platform, IP and expertise.
I got my info from Nanoco's response to the first EU questionnaire regarding CdQD exemptions. The field is moving forward all the time so maybe none of this is true anymore, :-S ...
Nanocos CFQD® quantum dots are made of semiconductor alloys containing indium.
CFQD® Quantum dots have undergone some accredited toxicology testing and found
to be (according to EU GHSCLP: EC1272/2008) Not classified for acute (oral)
toxicity, skin and eye irritation, Acute Fish Toxicity, Acute Daphnia Toxicity. Ames and
micronucleus testing has not shown any genotoxicity or mutagenicity. The organic
content is shown to be readily biodegradable.
Some other Cd-free QDs do reportedly use indium phosphide (InP). This substance
has recently been classified as a carcinogen in Annex VI of CLP (EC/1272/
2008). This substance is not an SVHC or on the candidate list for SVHC classification, nor is it restricted under Annex XVII of REACH. InP is not restricted under the RoHS Directive
and is only a 4th priority substance for a possible future review under RoHS.
Excellent stuff, thanks BC. I was not expecting to get such good answers, some even from me. I agree, the situation is hard to read re Indium. Anyway I was referring to this passage:
"Indium Phosphide (InP) is included in the list of materials to be considered for future inclusion in the RoHS restricted materials list because it is rated as a probable carcinogen. It is much less harmful than Cadmium and does not persist in the
"Nanoco does not use InPin its CFQD® quantum dots, which have been tested and shown to be non-toxic for potential medical use in cancer treatments."
It hadn't occurred to me that it might only be the phosphide of indium which was allegedly carcinogenic.
Yes the AUO displays sound good. Another Taiwanese company, kind of handy for Wah Hong, which no doubt helps. But jeez, it's taking a while for any revenue to appear considering they were shipping to Wah Hong 6 months ago. This remains speculative, imho. http://informationdisplay.org/IDArchive/2017/SeptemberOctober/ShowReviewGameChangers.aspx
A few things and I'm not saying you're wrong Chip because from quick searches online it looks like a complicated picture but...
Nanoco's dots are made from alloys containing indium. There isn't much research pointing to indium being particularly toxic. Indium phosphide is but neither substance is restricted under under RoHS.
When Samsung started producing in house it was reported that they had problems producing significant volumes. What worries me is that they have been round several QLED product cycles now and seemingly faced no volume issues with no uptick in revenue coming to NANO through Dow as a secondary supplier so maybe they've also cracked that nut. It could be that they just aren't selling many QLED TVs. QLED take up has been reported to be disappointing so maybe that's the case.
I also don't know the performance details of the various types of dots. However, the AUO panels with Nanoco dots are getting fantastic previews. Maybe NANO just needed the right screen partner to get the best out of the product. Then again NANO did launch version 2 at last year's CES. Maybe that's the reason for a quality increase.
There are reports that Samsung doesn't have a production line for QLED 8K panels and if so they will be taking AOUs using NANO dots for their 8K QLED TV launch later in the year.
Nano has patent protection on its way of making cadmium free quantum dots (CFQDs), but Samsung is also making them, and shipping TVs.
You can Google Samsung CFQD to see Samsung's view.
And in the latest Nanoco 2018 half year results presentation which you can find on their website the situation is spelled out.
Samsung's dots are based on Indium, unlike Nanoco's, and there is a faint possibility that Indium might be prohibited by the EC in future, but I wouldn't hold my breath. Since Brexit British firms will have less influence on European legislation, and I can imagine Samsung will be able to lobby more effectively: money talks.
What I don't know is the relative cost and quality of the rival dots. Previously Nanoco dot TVs were reported as looking a bit crude, but I think those were early prototypes.
The elephant in the room is how are Samsung making their cadmium-free dots?
As competitors go, they don't get much bigger or more scary, but of course maybe they want to keep them for them selves.
You could have a scenario where Samsung's are the bees knees but 'own brand' versions have to use Nano's. Then again maybe Wah Hong will make them better than Samsung.
A couple of points of interest in the announcement:
Samsung has lead the way, others are following and our lead customer here is Taiwanese-based AUO and you can see a couple of pictures on the screen of AUOs TVs that they initially launched at Touch Taiwan late last year and again showed at CES earlier this year.
Now AUO is a top-5 panel maker. They don't sell under their own brand but they sell to brands like to sell to brands that you will know and make about 35 million TVs a year. They are one of the leading monitor producers. I believe they produce about 70% of Dell's monitors, Dell sells about 60 million monitors a year of which we can say 70% is produced by AUO.
The Agricultural developments were interesting.
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NANO's CEO in his last interview stated that 1st commercial TV sales with panels incorporating NANO's film should be shipping Q2 this year... let's hope they are well received and set a positive trend for the future.
To be fair, on the 19th, the day of the press release, the sp did jump from less than 36p to just under 40p. Not exactly a lack of reaction. I won't expect steady upward movement and increased volume until actual profit is announced - hopefully in April.
InfraRed sensors are going to be used for semi autonomous and autonomous vehicles, all car manufacturers are now entering both the electric market and getting serious about self driving. If you are interested in this you should also check out SEE who have been in industrial driver monitoring for years and have over the last few years moved into the automotive sector.
The way vehicles work and are owned is changing (going to change) more than at anytime since we put engines in them.
Very good news indeed. Cashflow positive. New US listed company is for IR sensors for automotive applications etc. Now commercial in three areas: cfqd for displays, lighting (esp. agricultural), and nano materials (IR sensors).
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