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BUZZ-Nanoco Group: Stocks slumps after rival signs deal with Samsung

Reuters - UK Focus

** Quantum dots manufacturer Nanoco Group (Other OTC: NNOCF - news) shares fall as much as 22 pct after rival Nanosys signed a multi-year agreement with South Korean television maker Samsung Electronics Co on Monday.

** Samsung, which is among the world's biggest TV makers, said the agreement would help it gain access to Nanosys' patents and products covering lighting, display products and technologies, including cadmium-free quantum dots. (http://bit.ly/1tLjA5o)

** Nanoco announced a commercial partnership with Dow Chemical last year for the mass production of quantum dots at Dow's plant at Seoul, which is expected to begin in the first half of 2015.

** Last month, LG Electronics Inc (KSE: 066570.KS - news) said it would use quantum dot material supplied by Dow Chemical for its new range of high-tech TVs to be launched in early 2015.

** The nanomaterials manufacturer's stock has doubled its value in a year after first listing on London's AIM in 2010. (aashika.jain.thomsonreuters.com@reuters.net)