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Dow Electronic Materials and Nanoco Group PLC Sign Global Licensing Agreement for Cadmium-Free Quantum Dots

  Dow Electronic Materials and Nanoco Group PLC Sign Global Licensing
  Agreement for Cadmium-Free Quantum Dots

Dow to sell, market and manufacture cadmium-free quantum dots for LCD displays

Business Wire

PHILADELPHIA & MANCHESTER, United Kingdom -- January 23, 2013

Dow Electronic Materials, a business unit of The Dow Chemical Company
(NYSE:DOW) and Nanoco Group plc (AIM:NANO) today announced they have entered
into a global licensing agreement for Nanoco’s cadmium-free quantum dot
technology. Under the terms of the agreement, Dow Electronic Materials will
have exclusive worldwide rights for the sale, marketing and manufacture of
Nanoco’s cadmium-free quantum dots for use in electronic displays.

The agreement brings together Nanoco’s world-leading technology with Dow’s
large-scale manufacturing capability and well-established sales, marketing and
distribution network.Dow Electronic Materials is already a major supplier of
critical electronic materials to the global display industry.

The financial details of the agreement are not being disclosed though Nanoco
will receive royalty payments related to Dow’s sales of cadmium-free quantum
dots.Nanoco will continue to provide any technology advances to its
cadmium-free quantum dot technology throughout the lifetime of the agreement
and participate with Dow in the marketing and technical support of these
materials.

Dow intends to build production capacity in Asia where it has extensive
manufacturing capabilities to supply high-performance materials to its
customers in the display and semiconductor-related segments. Full commercial
production is expected to begin in the first half of 2014.

“We believe that Nanoco’s cadmium-free quantum dots will become a new standard
in the display industry owing to their ability to significantly improve the
color performance of LCD displays both cost-effectively and by avoiding the
use of heavy metals,” said C.G. Park, Global Business Director, Dow Electronic
Materials. “When coupled with Nanoco’s technology, Dow’s deep technical,
engineering and industry knowledge in films, LCD, LED, and OLED display
segments brings our customers an unmatched portfolio of materials solutions.”

Michael Edelman, Nanoco’s Chief Executive Officer, commented: “We are
delighted to sign this agreement with Dow Electronic Materials. This agreement
is transformational for the quantum dot industry and a significant endorsement
of Nanoco’s cadmium-free quantum dot technology. With Dow’s production
expertise and deep customer relationships, display makers can begin to plan
their quantum dot production requirements with further confidence.”

About Dow

(NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects chemistry
and innovation with the principles of sustainability to help address many of
the world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing agricultural
productivity. Dow's diversified industry-leading portfolio of specialty
chemical, advanced materials, agrosciences and plastics businesses delivers a
broad range of technology-based products and solutions to customers in
approximately 160 countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2011, Dow had annual sales of $60
billion and employed approximately 52,000 people worldwide. The Company's more
than 5,000 products are manufactured at 197 sites in 36 countries across the
globe. References to "Dow" or the "Company" mean The Dow Chemical Company and
its consolidated subsidiaries unless otherwise expressly noted. More
information about Dow can be found at www.dow.com.

About Dow Electronic Materials

Dow Electronic Materials, a global supplier of materials and technologies to
the electronics industry, brings innovative leadership to the semiconductor,
interconnect, finishing, photovoltaic, display, LED and optics markets. From
advanced technology centers worldwide, teams of talented Dow research
scientists and application experts work closely with customers, providing
solutions, products and technical service necessary for next-generation
electronics. These partnerships energize Dow's power to invent. Its key
end-use applications include a broad range of consumer electronics from
personal computers, to television monitors, smart phones and tablets and other
mobile devices as well as electronic devices and systems used in a variety of
industries. More information about Dow Electronic Materials can be found at
www.dowelectronicmaterials.com.

AboutNanoco Groupplc

Nanoco is a world leader in the development and manufacture of commercial
quantities of quantum dots for use in multiple applications
includinglighting, solar cells and biological imaging.Nanoco's quantum dots,
which are free of heavy metals and comply with RoHS legislation, can be
combined into a wide range of materials including liquids, polymers and
glass.Nanoco forms strategic partnerships with major end users across a range
of applications.

Nanoco was founded in 2001 and is based inManchester, UK. Nanoco began
trading on the AIM market of the London Stock Exchange in May 2009 under the
ticker symbol NANO.

For further information, please visitwww.nanocogroupplc.com.

Contact:

The Dow Chemical Company:
Shari Samuels, Dow Electronic Materials, +1.215.592.6877
ssamuels@dow.com
or
For Nanoco:
Mark Court, Buchanan, +44 (0) 20 7466 5125
markc@buchanan.uk.com
 
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