bullish

Nanoco Group - Supply agreement with STMicroelectronics

102 Views28 May 2020 19:52
Issuer-paid
SUMMARY

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.

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