This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dow Electronic Materials And Nanoco Group PLC Sign Global Licensing Agreement For Cadmium-Free Quantum Dots

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.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,492.32 +140.94 0.86%
S&P 500 1,965.48 +16.62 0.85%
NASDAQ 4,777.7370 +27.7580 0.58%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs