NANOCO GROUP PLC: MEPs Reject Act Calling for Extension of Cadmium into EU Market
May 20 2015 - 11:06AM
Business Wire
Nanoco Group plc (LSE:NANO), a world leader in the
development and manufacture of cadmium-free quantum dots and other
nanomaterials, confirms that Members of the European Parliament
(“MEPs”) have voted against a proposed extension of an exemption to
the Restriction of Hazardous Substances Directive (RoHS) which
would have allowed the use of cadmium-containing quantum dots in
Europe.
Nanoco welcomes this decision by MEPs owing to the threat posed
by cadmium to human health and to the environment.
Michael Edelman, Nanoco’s Chief Executive Officer,
said:
“We are very pleased by this decision by the European Parliament
and we would like to thank MEPs for the time they have taken to
understand the detail and implications of the proposed
exemption.
“The MEPs, through the overwhelming rejection of the proposed
extension for cadmium in the EU market, have created a clear demand
for the European Commission to end the use of cadmium in domestic
display applications. We commend Parliamentarians on their resolve
and understanding of how the market has changed since the
Commission’s initial assessment.”
Notes for editors:
About Nanoco Group plc
Nanoco is a world leader in the development and production of
cadmium-free quantum dots and other nanomaterials for use in
multiple applications including LCD displays, lighting, solar cells
and bio-imaging. In the display market, it has an exclusive
manufacturing and marketing licensing agreement with The Dow
Chemical Company.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK. It has production facilities in Runcorn, UK, and a US
subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has
business development executives in Japan, Korea and Taiwan. Its
technology is protected worldwide by a large and growing patent
estate.
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.nanocotechnologies.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150520006036/en/
NanocoMichael Edelman, Chief Executive OfficerKeith Wiggins,
Chief Operating Officer+44 161 603 7900orInstinctif PartnersAdrian
Duffield or Kay Larsen+44 207 457 2040
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