Nanoco seems to have been in perpetual R & D much like QMC.They have worked with Tokyo Electron,Osram,Dow,Merck,LG..with zero commercial products to date from those collaborations.They were actually trying to sell off their solar side a year ago with no luck yet.At some point QMC has to move from R & D to a supplier or licensee of their technology.Their move many years ago developing flow technology has given them a major headstart that should turn into some value for us all.
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