Nanoco Group PLC, a leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, has announced that it has fulfilled its first ever commercial production order. The company has completed shipments of two different first-generation materials for use in infra-red sensing applications in electronic devices. This achievement is in line with the company's expectations and supports the revenue guidance given in its Preliminary Results published in October 2023. Nanoco also announced a two-year development agreement with a key customer for the development of second-generation materials, which will achieve even higher levels of performance and secure the company's product development pipeline for the future. The company expects demand for its materials to grow gradually, with the goal of becoming self-financing by 2025. If infra-red sensing technology is adopted in high-volume mass-market products, demand for Nanoco materials could grow rapidly beyond 2025. CEO Brian Tenner commented that this announcement marks a critical milestone in Nanoco's evolution from an R&D first mover to an electronics materials production company. He also expressed confidence in the company's ability to deliver increases in shareholder value in the medium term through growing interest and opportunities for sensing materials and leveraging its IP portfolio.