Merck, Nanoco develop eco-friendly quantum materials

Merck, Nanoco to develop eco-friendly quantum materials

7:42 AM, 1st August 2016
Merck, Nanoco to develop eco-friendly quantum materials

DARMSTADT, GERMANY: Merck KGaA has signed a worldwide material supply and licensing agreement with the UK-based Nanoco Group – a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials. The license allows Merck to immediately start marketing Nanoco’s cadmium-free quantum dots and to ultimately establish its own production facility to meet growing market demand.

Nanoco will receive a license fee and royalties on Merck’s sales of the Nanoco cadmium-free quantum dots Merck manufactures. In line with Nanoco’s commercialization strategy in the display market, this agreement is non-exclusive. Merck will begin marketing Nanoco’s technology in the near term by selling cadmium-free quantum dots manufactured at Nanoco’s expanded production plant in Runcorn, UK.

The license allows Merck to establish its own production facility for cadmium-free quantum dots in line with global market demand at a later point in time.

Advantages of quantum materials

Quantum materials offer a substantial additional benefit when they are used as colour converters in the light source of liquid crystal displays. In conventional displays, the colours blue, green, and red are filtered out of the original white light of the LED light source. A great deal of light is lost in this process. Because a blue LED in combination with red and green quantum materials only generates the blue, green and red light that is perfectly transmitted through the filters, there is much less absorption. This increases the display’s brightness, thus reducing electricity consumption and leading to much purer and potentially stronger colours.

“The agreement is in line with Merck’s strategy to sustainably secure its position as the global market and technology leader in display materials. With cadmium-free quantum dots, a remarkable increase in the colour range and a significant reduction in power consumption can be achieved,” said Walter Galinat, member of the Merck executive board and CEO of performance materials.

“This agreement with Merck is another major endorsement of the world-class quality of our cadmium-free quantum dot technology. We are convinced that Merck can leverage its position in the display industry with these innovative materials,” added Michael Edelman, Nanoco’s CEO.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

ASC appoints SOCMA’s VP as its new president

BETHESDA, US: The Adhesive and Sealant Council Inc (ASC) has appointed current vice president (VP) of government and public relations in SOCMA, Willia ...

Read more
Breakthrough in solar cells turn CO2 into burnable fuel

CHICAGO, US: Researchers at the University of Illinois at Chicago (UIC) have engineered a potentially game-changing solar cell that cheaply and effici ...

Read more
Praxair makes organizational changes; director retires

DANBURY, US: Praxair Inc has named Kelcey Hoyt, formerly director of investor relations as vice president and controller of the company. She succeeds ...

Read more
LyondellBasell to build high density polyethylene plant in US

HOUSTON, US/LONDON, UK: LyondellBasell Industries NV has made the final investment decision to build a high density polyethylene (HDPE) plant on the U ...

Read more
PPG unveils results of national survey on Canadian paint habits

TORONTO, CANADA: From coast to coast, people prefer neutral colours for home decor, but residents of some provinces are more daring with colour than t ...

Read more
New self-healing textiles can neutralise chemicals

UNIVERSITY PARK, US: Someday, chemically protective suits made of fabric coated in self-healing, thin films may prevent farmers from exposure to organ ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X