Nanoco Group - Delays but visibility of move to volume production

Equity Bottom-Up

89 Views15 Aug 2018 22:03

Issuer-paid

Edison Investment Research

SUMMARY

While the pathway to commercial shipments is taking longer than anticipated, we now have better visibility that an inflection is set to happen. The first Nanoco displays are due for public launch this Christmas season. The first low volume shipments of Nano-materials to the company’s tier one US sensor partner are set to start in Q4 CY18. Successful stress testing of the new facility at Runcorn in H1 CY19 should pave the way for volume production, now anticipated for H2 CY19.

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