Marking the company’s first move into the solar energy division, Nanoco Group, developer and manufacture of quantum dots and other nanomaterials, has signed a joint development agreement with Tokyo Electron. Nanoco will develop a solar-active nanomaterial film for use in Tokyo Electron’s solar cell manufacturing equipment.
Michael Edelman, Nanoco’s CEO, commented, “We are delighted to enter this agreement with Tokyo Electron, marking our first commercial relationship in the solar energy sector. We are confident that our nanomaterial technology has the potential to deliver highly efficient, printable, solar-active films and look forward to working with Tokyo Electron in making these commercially available.”
Nanoco will be issued upfront and milestone payments during its nine-month development phase, after which a supply and license agreement is expected to be signed.