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David Yao Joins Nanoco in Newly Created Role of Senior VP of Global Sales

MANCHESTER, U.K. and CONCORD, Mass., July 12, 2017 (GLOBE NEWSWIRE) -- Nanoco Group plc (LSE:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, today announced the appointment of David Yao as Senior Vice President of Global Sales.

David Yao Joins Nanoco in Newly Created Role of Senior VP of Global Sales


A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f52d5efd-f5c9-4092-99e0-dd509dd70fe8

This new role strengthens Nanoco’s commercial leadership in Asia and desire to be closer to customers in that region of the globe. It also aligns with Nanoco’s commercialization strategy to directly accelerate the market development of cadmium free quantum dots CFQD® products. Based in Taiwan, David brings extensive global sales experience and customer relationships in Nanoco’s key display market. He has already begun in his role and has immediately proven highly influential on both Nanoco’s sales pipeline and selling process.

David has more than 25 years of experience in the global technology industry. He joins Nanoco from Cambrios Technologies in California, where he was VP of Worldwide Sales. Prior to that, he was VP of Sales with Synerchip Technologies. During his time at both companies, David led sustainable sales growth through building sales teams, local distribution channels and strong customer relationships across Asia and North America.

“We are thrilled to have David join us at such an exciting time for Nanoco,” said Dr. Michael Edelman, CEO of Nanoco. “His experience and track record of generating worldwide sales is perfectly aligned with our growth ambitions. David has already been instrumental in securing our first commercial orders while further strengthening our sales pipeline.”

As previously announced on June 30, 2017, Nanoco received its first commercial order. The order came from Wah Hong Industrial Corporation, one of the world's largest manufacturers of optical films and sheets for the display industry, for the supply of resins containing Nanoco's cadmium-free quantum dots (CFQD®). In addition, Nanoco’s CFQD® technology is now being evaluated in 16 active TV and monitor programs with 13 major OEMs (As of April 4, 2017: 14 active programs with 9 OEMs).

ABOUT NANOCO

Nanoco (LSE:NANO) harnesses the power of nano-technology to create a brighter, more sustainable future. Based on breakthrough science, Nanoco’s proprietary manufacturing process enables the large-scale production of its cadmium-free CFQD® quantum dots for multiple applications:

  • LCD display, where Nanoco’s CFQD® quantum dots give consumers peace of mind to enjoy next-generation color performance and energy efficiency without allowing toxic chemicals into their homes.
  • Lighting, where Nanoco’s CFQD® quantum dots are used in horticulture to safely speed plant growth.
  • Healthcare, where Nanoco’s CFQD® quantum dots are opening new, potentially life saving uses in bio-imaging.
  • Solar, where Nanoco’s CFQD® quantum dots are incorporated into printable solar inks for future thin, highly efficient and low cost solar cells.

Nanoco has non-exclusive manufacturing and marketing licensing agreements in display with The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong Industrial Corporation of Taiwan. Through these partners and its own production facilities in Runcorn, UK, Nanoco is creating the world’s largest manufacturing ecosystem for cadmium-free quantum dots.

Nanoco was founded in 2001 and is headquartered in Manchester, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.

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.nanocogroup.com.

Media Contact: Colleen Irish Tier One Partners cirish@tieronepr.com (617) 842-1511

Source:Nanoco