Nanoco Acquires QLED Electroluminescent Display IP Patents from Kodak
November 28 2016 - 9:00AM
Business Wire
Nanoco Continues to Expand World-Class Quantum
Dot IP Portfolio
Nanoco Group plc (LSE: NANO), a world leader in the development
and manufacture of cadmium-free quantum dots and other
nanomaterials, today announced the company 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. With this acquisition, Nanoco continues to
build out a world-class IP portfolio generated both by the
company’s own innovation engine, as well as the research of others.
The commercial terms of the patent acquisition are undisclosed.
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.
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 are
expected to remain dominated in the medium-term by liquid crystal
display (“LCD”) technology, which is Nanoco’s current commercial
focus.
“This patent purchase from Kodak broadens our intellectual
property estate and commercial position in future display
technologies,” said Michael Edelman, Nanoco’s Chief Executive
Officer. “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, QLEDs 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 on 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.”
ABOUT NANOCO
Nanoco (LSE: NANO) is a world leader in the development and
production of cadmium-free quantum dots and other nano-materials
for use in multiple applications including LCD displays, lighting,
solar cells and bio-imaging. In the display market, it has
non-exclusive manufacturing and marketing licensing agreements with
The Dow Chemical Company, Merck KGaA of Germany, and Wah Hong
Industrial Corporation of Taiwan. Nanoco also has a strategy of
direct sales in display and in its other target markets, including
lighting.
Nanoco was founded in 2001 and is headquartered in Manchester,
UK. It has production facilities in Runcorn, UK, and a US
subsidiary, Nanoco Inc., based in Concord, MA. Nanoco also has
business development executives in Japan, Korea and Taiwan. Its
technology is protected worldwide by a large and growing patent
estate.
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.nanocogroup.com.
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Tier One PartnersKathy Wilson,
781-652-0499kwilson@tieronepr.com
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