BRUSSELS--(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.”
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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.