Quantum Materials Corp. (fka QTMM)

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Nanoco Says South Korea's LG Signs Deal With Dow To Use Quantum Dots

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01/09/2015 | 02:53am US/Eastern


















LONDON (Alliance News) - Nanoco Group PLC on Friday said South Korean electronics group LG Electronics has signed a deal with The Dow Chemical Co for the supply of Nanoco's cadmium-free quantum dots for its Ultra HD TV range.


The new range of TVs from LG was launched at the Consumer Electronics Show in Las Vegas this week.


Nanoco did not provide any financial details on the contract.


The deal comes after shares in Nanoco dropped heavily earlier this week after Samsung Electronics unveiled new TVs at the CES event which use technology from Nanoco's rival Nanosys.


"We are delighted that LG has entered a formal partnering agreement with Dow, which has the scale and expertise to meet LG's quantum dot requirements," said Nanoco Chief Executive Officer Michael Edelman.





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