12.02.16
Quantum Materials is shipping high performance red and green cadmium-free quantum dot sample sets to display film manufacturers.
Cadmium-free quantum dots are an eco-friendly material that enables energy efficient, ultra-bright displays with a significantly expanded color gamut at a lower cost than competing technologies.
“Demand for quantum dot-enabled TVs and displays is growing rapidly,” said Quantum Materials CEO Sri Peruvemba. “Our materials, combined with the efficiency and scalability of our continuous flow production technology, makes us uniquely situated to meet the demand regardless of how fast it grows.”
“It’s exciting to be partnering with Quantum Materials in this revolutionary display material technology,” added Uniglobe Kisco president Kenji Shimada. “Our own rigorous testing has shown product specifications for their cadmium-free quantum dots to be at or beyond what is currently available in the market today, and their innovative high-volume production technology gives us confidence in the company’s ability to fulfill demand as the market for quantum dot-enabled films for displays grows.”
Separately, the company recently entered into a $9.75 million common stock purchase agreement and registration rights agreement with an institutional investor that is also an existing investor in Quantum. Pursuant to the terms of the agreements, Quantum will have the right and the sole discretion to sell up to $9.75 million worth of common stock to the investor over a 36-month period.
“I believe we have exceptional materials, unequalled manufacturing technology, a great partner in Uniglobe Kisco, Inc., and also the financing to bring our advanced materials to market,” Peruvemba added. “Our plan remains to begin shipping commercial quantities of quantum dots in the first part of 2017.”
Cadmium-free quantum dots are an eco-friendly material that enables energy efficient, ultra-bright displays with a significantly expanded color gamut at a lower cost than competing technologies.
“Demand for quantum dot-enabled TVs and displays is growing rapidly,” said Quantum Materials CEO Sri Peruvemba. “Our materials, combined with the efficiency and scalability of our continuous flow production technology, makes us uniquely situated to meet the demand regardless of how fast it grows.”
“It’s exciting to be partnering with Quantum Materials in this revolutionary display material technology,” added Uniglobe Kisco president Kenji Shimada. “Our own rigorous testing has shown product specifications for their cadmium-free quantum dots to be at or beyond what is currently available in the market today, and their innovative high-volume production technology gives us confidence in the company’s ability to fulfill demand as the market for quantum dot-enabled films for displays grows.”
Separately, the company recently entered into a $9.75 million common stock purchase agreement and registration rights agreement with an institutional investor that is also an existing investor in Quantum. Pursuant to the terms of the agreements, Quantum will have the right and the sole discretion to sell up to $9.75 million worth of common stock to the investor over a 36-month period.
“I believe we have exceptional materials, unequalled manufacturing technology, a great partner in Uniglobe Kisco, Inc., and also the financing to bring our advanced materials to market,” Peruvemba added. “Our plan remains to begin shipping commercial quantities of quantum dots in the first part of 2017.”