2024-04-02 17:07:10 ET
Nanoco Group plc (NNOCF)
Q2 2024 Results Conference Call
April 2, 2024 05:00 AM ET
Company Participants
Brian Tenner - Chief Executive Officer
Liam Gray - Chief Financial Officer and Company Secretary
Presentation
Operator
Good morning, and welcome to the Nanoco Group plc Interim Results Investor Presentation. Throughout this recorded presentation, investors will be in a listen-only mode. [Operator Instructions].
Before we begin, I'd like to submit the following poll. I'd now like to hand you over to Brian Tennes, CEO. Good morning.
Brian Tenner
Thanks very much, and good morning, everyone. Welcome to this webinar on our interim results presentation for the six months ended 31st of January 2024. My name is Brian Tanner. I'm the CEO of Nanoco and I'm joined today by Liam Gray, our CFO.
Just as an introductory comment, because we actually recorded this entire presentation last Wednesday morning, and it is available on our website, today, what we are going to do, because there have been a significant number of questions submitted in advance, we are just going to take you through the introduction to Nanoco in the presentation pack, particularly for, those who are new to the story, but also as refresher for people already know us. And then I will talk about the highlights and summary on both the operational part of the business and in the financial part of the business and that will allow us to spend, more time than we normally are able on questions and answers. As I said, there have been a significant number of questions submitted in advance, and the answers to a number of them are actually quite long and involved, so we do want to spend time on that.
Without further ado, we'll turn to Page 5 in the presentation, which is part of the introduction to Nunoco. Just a reminder of, who we are and what we actually do. Excuse me. We were founded in 2001 by Dr. Nigel Pickett, who's still our CTO today and professor Paul O'Brien. The company was a spin out from Manchester, University. We are a material science company, and I can't emphasize that enough. We make materials that are suspended in the solution, whether it's Advanced Materials or a chemical company, that's who we are and what we are. We're not a device company. We're not a TV company. We're not a phone company. We are a material science company.
We are the leader in the R&D, scale up, manufacturing, and licensing of high performing semiconductor nanoparticles. We have a very large IP portfolio and that was recently validated by the US Patent Trial and Appeal Board, which is part of the US Patent Office. Our headquarters and production facility is in Runcorn in the UK. Today, we have around 50 staff, 30% of whom have PhDs and we employ people from eight different nationalities and we make quantum dots that are cadmium free and hence nontoxic. And you can see an image on the bottom right there of some of the quantum dots that we can make for use in display applications. You then can ask yourself legitimately, well, what is a quantum dot? Quantum dot is a fluorescent semiconducting nanoparticle, typically 1 to 10 nanometers in size. Now, again, 1 to 10 nanometers, those are not measurements that people normally use in their everyday life.
What does that actually mean in terms of scale? Well, one way to look at it is, typically, a quantum dot can be 100,000 times thinner than a human hair, So, that's looking at a very, very small scale. If you want to think of something big that was reduced to the Nanosys well, if you took the planet Earth and you reduced it to the Nanosys, it would actually fit inside that sort of golf ball size, golf ball shaped red, quantum dot image on the top left of this slide. So, the simple, thing to say about them is they are tiny, and there are many billions if not trillions in a, kilogram of material. ...
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Nanoco Group plc (NNOCF) Q2 2024 Earnings Call Transcript