Nanoco has signed a framework agreement with STMicroelectronics (ST). This covers both development work and commercial supply of nano-materials for use in multiple infra-red sensing applications over a five-year period. While the agreement underpins the operational cash runway, which was recently extended to Q221, there is still significant uncertainty regarding future revenues, so our estimates remain under review.
28 May 2020
Nanoco Group - Supply agreement with STMicroelectronics
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Nanoco Group - Supply agreement with STMicroelectronics
Nanoco Group PLC (NANO:LON) | 19.4 -0.1 (-2.0%) | Mkt Cap: 38.1m
- Published:
28 May 2020 -
Author:
Anne Margaret Crow -
Pages:
2
Nanoco has signed a framework agreement with STMicroelectronics (ST). This covers both development work and commercial supply of nano-materials for use in multiple infra-red sensing applications over a five-year period. While the agreement underpins the operational cash runway, which was recently extended to Q221, there is still significant uncertainty regarding future revenues, so our estimates remain under review.