Quantum Materials Corp. (fka QTMM)

[Kurt_Banoffee]

Since we're speculating. I'll throw out a different theory. I'd bet it was Dow - not Nanoco - that ended the exclusive relationship. My guess is that they ended it because they couldn't make the Nanoco technology work at a cost that would profitable.

I think it's clear that the process wasn't profitable even when Dow started building the plant. I think Nanoco convinced Dow they could find enough yield optimizations during the construction time that it would be profitable by the time the plant was complete, but they never did. It's the same story Nanoco sold to the market.

This is from the Nanoco LSE Prospectus (P48):

“In order to satisfy this expected increase in demand for the Group’s CFQD_ quantum dots, in the immediate term for application within LCD televisions, Dow is currently building a large-scale heavy metal-free quantum dot manufacturing facility in Choenan, South Korea. The Directors believe that the decision by Dow to commence production of this facility supports the Directors’ belief in the Group’s patented molecular seeding process and the capability for the Group’s technology to be produced in a uniform, high quality, efficient manner on a commercial scale and ultimately at yields which will make it commercially viable.

However, in order for Dow to be able to manufacture commercial quantities of the Group’s CFQD quantum dots for application within LCD televisions at yields which make production commercially viable, further development will be required to be undertaken by the Group, specifically in the short term to optimise the production process and to maximise efficiencies by minimising the amount of product which ultimately has to be discarded…

…

Rather than being the final step in the commercialisation process, the decision by Dow to commence construction of its large-scale production facility in South Korea is therefore simply the next in a number of anticipated steps towards the large-scale commercialisation of the Group’s technology within the electronic display industry,…”