Nanosys Inks Commercial Pact with LGIT

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258 Words
28 January 2010
Health & Beauty Close-Up
English
(c) 2010. Close-Up Media, Inc. All rights reserved.
Nanosys, Inc. announced that it has signed a definitive commercial agreement with electronics component manufacturer LG Innotek (LGIT).

According to the companies, the agreement, involving Nanosys' quantum dot phosphors for use in displays, represents the first commercial application of quantum dots in electronics.

Use of Nanosys' architected quantum dots enables LGIT to be the first company in the world to provide high color gamut displays to its customers such as LG Group and others. The agreement secures sales of Nanosys' process ready components into the display market for many years.

"Our Quantum Rail device takes quantum dots out of the lab and delivers them as process ready components for customers such as LGIT," said Jason Hartlove, CEO of Nanosys. "With a reputation for implementation, LGIT is the perfect commercial partner."

"Nanosys' Quantum Rail technology is a solution ready for integration into backlight sub-assemblies without tooling changes, making it our first choice for high color gamut displays," said Charlie (Cheol-Kee) Hong, LG Innotek VP and Head of R&D Center.

Nanosys is a material architect, harnessing the fundamental properties of inorganic materials into process ready systems that can integrate into existing manufacturing to produce products in lighting, electronic displays, solar power, energy storage and medical.

LG Innotek is a general electronic component company that produces hardware such as tuners, precision motors and tape substrates and technologies in the areas of LED, PCB, Mobile, Display, Network and Automobile Parts.
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