| Posted: September 23, 2009 |
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Nanoco Signs Agreement with Major Japanese Electronics Company
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(Nanowerk News) Nanoco Group plc, a world leader in the development and manufacture of commercial quantities of quantum dots, announces that it has signed a joint development agreement with a major Japanese electronics company under which it will design and develop quantum dots for use in light emitting diodes (LEDs) in liquid crystal display (LCD) televisions.
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Nanoco will receive an upfront payment and milestones under the terms of the agreement and, on completion of the 18-month development work, it is expected that a supply and licence agreement will be signed.
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The structure of this agreement is similar to an earlier agreement with another major Japanese corporation active in the LCD display and general lighting markets. The earlier agreement comprised a total of $1.2 million in joint development payments during a 12-month period. The development work was successful and a supply and licence agreement followed, from which a further US$8 million in milestone payments is expected by 31 December 2010.
It is anticipated that Nanoco will sign further agreements with companies active in the LED market in due course.
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The use of LEDs as the backlight for LCD displays and in general lighting allows a substantial reduction in the power consumed. Quantum dots offer key advantages over the phosphors currently used to create white light from LEDs including superior colour performance.
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About Nanoco Group plc
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Nanoco is a world leader in the development and manufacture of commercial quantities of quantum dots for use in multiple applications including solid-state lighting, 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.
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