Nanoco’s announcement that its project with the major US customer will not continue when the current contract expires in December 2019 is clearly a severe setback and we have therefore cut our FY20 estimates substantially. We note though that the customer’s decision relates to a change in strategy rather than issues with the performance of Nanoco’s materials or services. The company has a strong IP base and state-of-the-art manufacturing facility with an estimated 12 months
24 Jun 2019
Nanoco Group - Major customer not moving to production
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Nanoco Group - Major customer not moving to production
Nanoco Group PLC (NANO:LON) | 19.7 -0.2 (-5.0%) | Mkt Cap: 39.2m
- Published:
24 Jun 2019 -
Author:
Anne Margaret Crow -
Pages:
4
Nanoco’s announcement that its project with the major US customer will not continue when the current contract expires in December 2019 is clearly a severe setback and we have therefore cut our FY20 estimates substantially. We note though that the customer’s decision relates to a change in strategy rather than issues with the performance of Nanoco’s materials or services. The company has a strong IP base and state-of-the-art manufacturing facility with an estimated 12 months