Quantum Materials, the quantum dot manufacturer, has entered into a joint development agreement with an unnamed “leading” manufacturer of display panels. The companies said they would work together to develop new quantum dot-based solutions to problems faced by screen manufacturers and retailers in the electronics sector. This marks a pivotal moment for the company who has, to date, had limited sales.
Although details of the agreement were not fully disclosed, Quantum Materials said research and development teams of both companies will work together closely. The companies will identify challenges in the display panels market and find quantum dot-based “solutions”.
Quantum Materials also recently confirmed that their quantum dots could be used in next-generation LED lighting because of their high heat resistance.
Stephen Squires, CEO of Quantum Materials, said: “We are honored to enter into this agreement and value our ongoing collaboration. Our partner’s engineering and design teams have proven again and again their ability to develop innovative display solutions using leading-edge technologies and then bring them successfully to market.”
Squires added: “We look forward to working with them to provide the foundation with which they are developing the displays of the future.”
Listed on OTC, Quantum Materials has a market capitalisation of $50.6m. It also recently confirmed that it was seeking a mainstream listing.