Quantum Materials Corp. (fka QTMM)

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Exclusive: Quantum Materials inks deal with optical film manufacturer Nitto

By Wan Fan | September 23, 2015 08:54 GMT | London/Europe


Nitto Denko reported revenues of $6.8 billion in 2014. The firm manufacture film for a variety of industries including the display markets, automotive and medical industries. Photo: Nitto Denko

Quantum Materials announced on Tuesday it had entered into a “funded product development agreement” with Nitto Denko, the Japanese optical film manufacturer. OTCQB-listed Quantum Materials said it hoped the agreement would accelerate the integration of its quantum dots into the broader displays market.

The deal with the Osaka-based optical film manufacturer was reported in Quantum Material’s latest SEC 8-K filing. Nitto Denko manufactures film for a variety of industries, including the display markets, automotive and medical industries, and reported revenues of $6.8 billion last year.

Quantum Materials has been slower than some competitors to secure development agreements and partnerships with consumer electronics manufacturers. This deal may signal a turning point in its bid to commercialise and bring to market its quantum dots.

“This agreement provides Quantum Materials with the opportunity to accelerate integration of Quantum Dots into the broader display market. We believe our high-reliability QDX Quantum Dots provide a more attractive solution since they do not require the use of expensive barrier films, which represents a significant cost savings in display manufacturing,” said Stephen Squires, CEO of Quantum Materials.

The company was also keen to stress that they are well-placed to compete with some of their larger competitors.

When questioned about the company’s position in relation to Nanoco, Nanosys and QD Vision, Squires added: “First, in terms of Quantum Dot production capability I believe we have right now greater capacity than at least two of the aforementioned competitors and possibly all three.”

“I believe our QDX Quantum Dots are a superior product and Quantum Materials Corp has already proven that we can scale up production much more quickly than our competition. When you factor in our production cost advantages we have a value proposition that display manufacturers cannot ignore, and quite frankly they aren’t.”

Quantum Materials also recently announced they had entered a joint development agreement with an unnamed “leading” displays manufacturers.
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