Nanoco and POE Sign Licensing and Collaboration Agreement
Nanoco Technologies Limited (Nanoco) and Guangdong Poly Optoelectronics Co., Ltd. (POE) have announced a Licensing and Collaboration Agreement. Under the agreement, Nanoco and POE will partner on the development of cadmium-free quantum dot products for various applications including advanced displays and lighting films.
The collaboration will provide Nanoco with an opportunity to supply its CFQD® quantum dots to the Chinese market, where focus is shifting from cadmium-based to more environmentally friendly products. POE’s proprietary resin, film and encapsulation technology complements Nanoco’s patent protected QD offering, with POE already counting major players in the Chinese display market as customers. The collaboration between the two companies will combine the respective advantages of both partners’ existing technologies, materials and equipment. This unique offering will give major Chinese display companies the ability to offer local customers a greater choice of environmentally friendly and safe products and solutions. It will also allow them to offer their products in overseas territories without fear of further changes to environmental and consumer protection regulations such as the Restriction of Hazardous Substances (RoHS) regulations in Europe.
Brian Tenner, Chief Executive Officer of Nanoco, commented:
“Our unique combination of recently validated IP and CFQD® quantum dots for use in display applications is an important source of value for the Group as we continue to pursue our strategy to deliver commercial production quantities of our nano-materials. POE’s offering of resin film systems and coating capabilities to carry our materials is a highly complementary partnership for Nanoco.
“Under this agreement, we will be able to distribute our cadmium-free quantum dot products to the Chinese market, an increasingly valuable global market place, with Nanoco’s materials covering a multitude of potential end user applications.”
Dr. LI Yang, Chief Executive Officer of POE, commented:
“This agreement marks an important step in the development of both Nanoco and POE as leading players in the optoelectronic sector. The collaboration will allow Nanoco to expand its reach into the Chinese market and provide customers with more environmentally friendly products. With the help of both companies’ resources, the two parties can create innovative products and strategies to revolutionise the sector and challenge the status quo. We are looking forward to getting started and seeing the fruits of this agreement in the Age of Change.”
Notes for editors
About Guangdong Poly Optoelectronics Co., Ltd
Based in Guangdong province，China, POE is considered an influential and innovative company, especially in quantum dot and metal oxide nanoparticles technology and advanced display application field (such as QLED/OLED/MicroLEDs). POE has accumulated profound QD R&D capability and rich experiences of QD film in-house mass production. POE has supplied QD Films/QDPR/QDINK/ to top tier consumer electronic enterprises in China. POE has received investment from TCL capital and GTFG (Guangdong Technology Financial Group), along with other VCs. (www.polyoe.com)
About Nanoco Technologies Limited
Nanoco, a wholly-owned subsidiary of Nanoco Group PLC, (LSE: NANO) harnesses the power of nano-materials. Nano-materials are materials with dimensions typically in the range 1 – 100 nm. Nano-materials have a range of useful properties, including optical and electronic. Quantum dots are a subclass of nano-material that have size-dependent optical and electronic properties. The Group produces quantum dots and other nano-materials. Within the sphere of quantum dots, the Group exploits different characteristics of the quantum dots to target different performance criteria that are attractive to specific markets or end-user applications such as the Display, Sensor and Electronics markets. An interesting property of quantum dots is their absorption spectrum. Nanoco’s HEATWAVE™ quantum dots can be tuned to absorb light at different wavelengths across the near-infrared spectrum, rendering them useful for applications including image sensors. Another interesting property of quantum dots is photoluminescence: the emission of longer wavelength light upon excitation by light of a shorter wavelength. The colour of light emitted depends on the particle size. Nanoco’s CFQD® quantum dots are free of cadmium and other toxic heavy metals, and can be tuned to emit light at different wavelengths across the visible and infrared spectrum, rendering them useful for a wide range of applications including displays, lighting and biological imaging.
Nanoco was founded in 2001 and is headquartered in Runcorn, UK, with a US subsidiary, Nanoco Inc., in Concord, MA. Nanoco continues to build out a world-class, patent-protected IP portfolio generated both by its own innovation engine, as well as through acquisition.
Nanoco is listed on the Main Market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocotechnologies.com.
