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Dow Electronic Materials and Nanoco Group PLC Sign Global Licensing Agreement for Cadmium-Free Quantum Dots
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By Business Wire |
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January 23, 2013 02:05 AM EST |
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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.”
About Dow
(NYSE: DOW) combines the power of science and technology to passionately
innovate what is essential to human progress. The Company connects
chemistry and innovation with the principles of sustainability to help
address many of the world's most challenging problems such as the need
for clean water, renewable energy generation and conservation, and
increasing agricultural productivity. Dow's diversified industry-leading
portfolio of specialty chemical, advanced materials, agrosciences and
plastics businesses delivers a broad range of technology-based products
and solutions to customers in approximately 160 countries and in high
growth sectors such as electronics, water, energy, coatings and
agriculture. In 2011, Dow had annual sales of $60 billion and employed
approximately 52,000 people worldwide. The Company's more than 5,000
products are manufactured at 197 sites in 36 countries across the globe.
References to "Dow" or the "Company" mean The Dow Chemical Company and
its consolidated subsidiaries unless otherwise expressly noted. More
information about Dow can be found at www.dow.com.
About Dow Electronic Materials
Dow Electronic Materials, a global supplier of materials and
technologies to the electronics industry, brings innovative leadership
to the semiconductor, interconnect, finishing, photovoltaic, display,
LED and optics markets. From advanced technology centers worldwide,
teams of talented Dow research scientists and application experts work
closely with customers, providing solutions, products and technical
service necessary for next-generation electronics. These partnerships
energize Dow's power to invent. Its key end-use applications include a
broad range of consumer electronics from personal computers, to
television monitors, smart phones and tablets and other mobile devices
as well as electronic devices and systems used in a variety of
industries. More information about Dow Electronic Materials can be found
at www.dowelectronicmaterials.com.
About Nanoco Group plc
Nanoco is a world leader in the development and manufacture of
commercial quantities of quantum dots for use in multiple applications
including 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. Nanoco forms strategic partnerships with major end
users across a range of applications.
Nanoco was founded in 2001 and is based in Manchester, UK. Nanoco began
trading on the AIM market of the London Stock Exchange in May 2009 under
the ticker symbol NANO.
For further information, please visit www.nanocogroupplc.com.

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
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