Jan 7 2015
Nanosys and Samsung Electronics Co., Ltd. today announced they have entered into a multi-year agreement pursuant under which Samsung Electronics Co., Ltd. gains access to Nanosys industry-leading patents, technology and products covering a broad range of lighting and display products and technologies, including cadmium free quantum dots.
Samsung introduces stunning SUHD TVs featuring Nanosys Quantum Dot technology at CES 2015
"We look forward to working with Nanosys," said Dr. Seungho Ahn, Executive Vice President of Samsung Electronics. "We expect this agreement to result in mutual growth and shows Samsung's commitment to leading the global display industry through innovative new technologies."
Samsung first partnered with Nanosys four years ago to develop a new generation of Quantum Dot technology, which enables displays to deliver brighter, more lifelike colors while using less power. With this announcement the two companies will continue to build on their existing relationship, driving the growth of the Quantum Dot display industry by deploying the world's best cadmium free quantum dot technology.
"As the world's most efficient light emitting technology, Quantum Dots are poised to change the way we see displays," said Jason Hartlove, president and CEO, Nanosys, Inc. "We are extremely pleased to continue our strong relationship with Samsung, to support them with new technologies and materials as they continue to develop and introduce exciting Quantum Dot display products to the marketplace."
Quantum Dots are already transforming the display industry. These tiny man made crystals which are 10,000 times narrower than a human hair, are able to efficiently emit light in pure, precise colors. This means display makers can create a highly-optimized display that produces the exact wavelengths of red, green and blue light needed by a display for optimal color and energy performance. The result is a display that's brighter, more energy efficient and incredibly vibrant.
"Quantum dots could improve Liquid Crystal Display (LCD) dramatically in terms of color gamut, color accuracy and reducing power consumption. This is one of the biggest breakthrough technologies for LCD in the last several years," said Dr. Jennifer Colegrove, CEO and Principal Analyst, Touch Display Research. "We forecast the quantum dot display and lighting component market will reach $9.6 billion by 2023."
About Samsung
For over 70 years, Samsung has been dedicated to making a better world through diverse businesses that today span advanced technology, semiconductors, skyscraper and plant construction, petrochemicals, fashion, medicine, finance, hotels, and more. Our flagship company, Samsung Electronics, leads the global market in high-tech electronics manufacturing and digital media.
Through innovative, reliable products and services; talented people; a responsible approach to business and global citizenship; and collaboration with our partners and customers, Samsung is taking the world in imaginative new directions.
About Nanosys, Inc.
Nanosys, Inc. is leading the development of Quantum Dot technology for displays. Since our founding in 2001, we have partnered with leading display makers in creating standout tablets, TVs and smartphones that are thinner, lighter, brighter and more colorful than ever before. For more information, visit www.nanosysinc.com.