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Nanoco had an exclusive deal will Dow Chemical for use of its Quantum Dots, but a merger with Dupont delayed ramping up the new Dow Quantum Dot plant in Korea to volume production, so the contract was changed to a non exclusive agreement, and additional deals were signed with filmcoating suppplier Wah Hong of Taiwan and German Merck, that supplies materials for 70% of the world's LCD production. Dow supplies Nanoco Quatum Dots to Samsung.
Nanoco Group plc, that according to the Financial Times has never turned a profit in the fifteen year since its spin-out of the University of Manchester, is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials. It announces that it has acquired a group of patents from the Eastman Kodak Company ("Kodak") in connection with the use of quantum dots in electroluminescent displays, a future display technology.
Michael Edelman, Nanoco's Chief Executive Officer, said: "This patent purchase from Kodak broadens our intellectual property estate and commercial position in future display technologies. The vast majority of current displays are based on LCD technology and we expect LCDs to dominate display sales in the near and medium term. In the longer term, QLED displays could challenge current OLED displays and we aim to have a strong competitive position in this space in preparation for any market change. Our current focus remains driving near term revenue from the supply to the LCD industry of the Company's cadmium-free quantum dots manufactured and marketed by Nanoco and our licensees, Dow, Merck and Wah Hong."
Quantum Dots are currently used to improve LCD Display's color reproduction. With HDR and Wide Color Gamut LCD Displays on the rise Nanoco is expected to turn a profit in 2018. As the technology ramps up to commercial volume. With the expansion into the application of quantum dots in emmissive displays, Samsung saying it would skip OLED and go from LCD to QLED this summer. The Patent acquisition from Kodak should ensure Nanoco's future beyond the LCD era.
"Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years. Display sales in the medium term are expected to remain dominated by liquid crystal display ("LCD") technology, which is Nanoco's current commercial focus", Nanoco says in a statement.
Adding: "This patent acquisition, which is in line with Nanoco's strategy of building its patent estate organically and by acquisition, reinforces the Company's intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays".
The commercial terms of the patent acquisition are undisclosed.
Nanoco Group plc, that according to the Financial Times has never turned a profit in the fifteen year since its spin-out of the University of Manchester, is a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials. It announces that it has acquired a group of patents from the Eastman Kodak Company ("Kodak") in connection with the use of quantum dots in electroluminescent displays, a future display technology.
Michael Edelman, Nanoco's Chief Executive Officer, said: "This patent purchase from Kodak broadens our intellectual property estate and commercial position in future display technologies. The vast majority of current displays are based on LCD technology and we expect LCDs to dominate display sales in the near and medium term. In the longer term, QLED displays could challenge current OLED displays and we aim to have a strong competitive position in this space in preparation for any market change. Our current focus remains driving near term revenue from the supply to the LCD industry of the Company's cadmium-free quantum dots manufactured and marketed by Nanoco and our licensees, Dow, Merck and Wah Hong."
Quantum Dots are currently used to improve LCD Display's color reproduction. With HDR and Wide Color Gamut LCD Displays on the rise Nanoco is expected to turn a profit in 2018. As the technology ramps up to commercial volume. With the expansion into the application of quantum dots in emmissive displays, Samsung saying it would skip OLED and go from LCD to QLED this summer. The Patent acquisition from Kodak should ensure Nanoco's future beyond the LCD era.
"Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years. Display sales in the medium term are expected to remain dominated by liquid crystal display ("LCD") technology, which is Nanoco's current commercial focus", Nanoco says in a statement.
Adding: "This patent acquisition, which is in line with Nanoco's strategy of building its patent estate organically and by acquisition, reinforces the Company's intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays".
The commercial terms of the patent acquisition are undisclosed.