Nanoco Group PLC has signed a joint development agreement (JDA) with an important Asian chemical customer. The two-year program aims to optimize a second-generation nanomaterial for use in infrared sensing and achieve the performance required for global electronics applications. The JDA follows the successful completion of six short development projects for the customer. The agreement is expected to generate non-license fee income in FY24 and additional sales of test materials in FY24 and FY25. Nanoco's CEO, Brian Tenner, stated that the JDA marks a significant milestone in the collaboration with the customer and demonstrates their confidence in Nanoco and quantum dot technology.