Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > QD Vision’s Quantum LightTM Product Platform Drives Expansion in First Half of 2008

Abstract:
Developer of Nanotech-based Products Ramps up with Round of Funding, Key Hires, New Contracts and Facilities Expansion

QD Vision’s Quantum LightTM Product Platform Drives Expansion in First Half of 2008

WATERTOWN, MA | Posted on August 11th, 2008

QD Vision, developer of nanotechnology-based solutions for displays and lighting, experienced significant growth in the first half of 2008, driven by increased momentum behind its Quantum Light™ product platform.

Marking its transition from early stage development to a product company, QD Vision raised a $9 million round of venture-capital financing, initiated a multi-million-dollar development deal with In-Q-Tel, strengthened its intellectual and management capital by adding key personnel, and doubled the size of its facilities.

Also in the first half of 2008, four new U.S. patents issued from applications that were included in the patent rights in the nanotechnology field licensed to QD Vision by Massachusetts Institute of Technology (MIT).

The company also continued to design its Quantum Light™ product platform into new products being developed by strategic partners, including some of the largest firms in consumer electronics, flat-panel displays, and electronic signage.

"We are making great progress in our mission to deliver light emitting products and technology that will enable significantly improved color quality, efficiency and designs for next generation displays and lighting applications," said Dr. Dan Button, QD Vision CEO. "The combination of a new round of financing, new government contracts and ongoing work to design the Quantum Light™ lighting product platform into products being developed by some of the largest consumer companies is a clear indication of the company's momentum"

Key Personnel

Joining QD Vision is Dr. Sridhar Sadasivan, director of product development, and Dr. Anne Marie Baker, government program manager. Dr. Sadasivan, who will play a key role in bringing QD Vision's products to market, joins the company from Rohm and Haas, where he was director of product management for optical display films. He also has more than 10 years of experience with Eastman Kodak, where his responsibilities included senior manager for product development, and program manager for optical display films.

Dr. Baker is responsible for growing and managing QD Vision's government-funded development programs. She joins QD Vision from the technology transfer office at the University of Massachusetts, Lowell, where she focused on federal contract grant management, and sponsored research and licensing agreements. Previous experience includes director of R&D at Tyco Adhesives, and R&D positions with Polaroid Corp., Avery Dennison and W.R. Grace.

Expansion

QD Vision now occupies nearly 15,000 square feet of space at its Watertown, Massachusetts location, an increase of more than 80 percent. Much of the new space is dedicated to research and development, testing and pilot manufacturing.

The company expects to more than double its total number of employees from 15 at the beginning of 2008 to nearly 40 by the end of the year. QD Vision currently has 27 employees, having already doubled its technical staff in 2008.

Financing and In-Q-Tel Agreement

In April 2008, QD Vision announced it raised $9 million from two leading venture capital firms, Highland Capital Partners and North Bridge Venture Partners, and from In-Q-Tel, the strategic investment firm launched by the CIA in 1999. The funding will help it launch the first QD Vision Quantum Light™ lighting products into commercial markets. The company has now raised a total of more than $20 million in equity financing.

Highland Capital and North Bridge Venture Partners participated in all rounds of the company's financing, while In-Q-Tel is a new investor. The In-Q-Tel strategic investment included a technology advancement agreement with QD Vision to develop leading edge applications for the commercial and government markets.

QD Vision is perfecting the light-emitting qualities of a new class of nanomaterials called quantum dots. Using proprietary chemistry and process technology, QD Vision can engineer quantum dots to emit light spanning the complete spectrum of colors from the visible to the infrared when stimulated with photons or electrons. Leveraging an expanding patent portfolio, the company is enabling a new generation of practical lighting solutions that will set new standards for brightness, color precision and purity, power consumption and design flexibility.

####

About QD Vision, Inc.
QD Vision (www.qdvision.com) is a quantum-dot product company that delivers highly differentiated lighting solutions to major industries where color, power and design matter. QD Vision’s Quantum Light™ product platform enables step-change advances over other display and lighting solutions such as liquid-crystal displays (LCDs), plasma displays, light-emitting diodes (LEDs), and even organic LEDs (OLEDs). QD Vision is actively designing in products with industry-leading companies in target markets including consumer electronics and flat panel displays, electronic signage, solid state lighting, and defense. Leveraging a first-tier patent position in nanotechnology originating at MIT, QD Vision is a privately held company based in the Watertown, Mass.

For more information, please click here

Contacts:
QD Vision
Dr. Daniel Button
617-607-9726

Copyright © Business Wire 2008

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014

Sustainable Nanotechnologies Project November 20th, 2014

Quantum mechanical calculations reveal the hidden states of enzyme active sites November 20th, 2014

UO-industry collaboration points to improved nanomaterials: University of Oregon microscope puts spotlight on the surface structure of quantum dots for designing new solar devices November 20th, 2014

Display technology/LEDs/SS Lighting/OLEDs

Spiraling light, nanoparticles and insights into life’s structure November 19th, 2014

Strengthening thin-film bonds with ultrafast data collection October 23rd, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014

Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014

Announcements

Purdue 3-D printing innovation capable of making stronger, lighter metal works for auto, aerospace industries November 20th, 2014

Leica Microsystems Presents Universal Hybrid Detector for Single Molecule Detection and Imaging at SfN and ASCB: Leica HyD SMD - the Optimal Detector for Precise and Reliable SMD data November 20th, 2014

Silver Nanoparticles Produced in Iran from Forest Plants Extract November 20th, 2014

Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014

Patents/IP/Tech Transfer/Licensing

Dicerna Announces License Agreement with Tekmira to Advance Dicerna’s PH1 Development Program November 17th, 2014

First genetic-based tool to detect circulating cancer cells in blood: NanoFlares light up individual cells if breast cancer biomarker is present November 17th, 2014

Ki-Bum Lee Patents Technology To Advance Stem Cell Therapeutics November 13th, 2014

'Direct writing' of diamond patterns from graphite a potential technological leap November 5th, 2014

Appointments/Promotions/New hires/Resignations/Deaths

Mining entrepreneur Julian Malnic Joins Deep Space Industries’ Board: Deep Space Industries welcomes a prolific mining entrepreneur and accomplished company builder, Julian Malnic, to its Board of Directors November 14th, 2014

SEMATECH Names Ronald Goldblatt Permanent Chief Executive Officer November 7th, 2014

First Canada Excellence Research Chair gets $10 million from the federal government for oilsands research at the University of Calgary: Federal government announces prestigious research chair to study improving oil production efficiency October 19th, 2014

VDMA photonics steering committee with new members stronger than ever October 14th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE