- agreement secures sales of Nanosys components with LG Innotek for many years
- breakthrough for Quantum Dot technology: first commercial application in electronics
- exceptional color quality for next generation mobile phone displays
Palo Alto, Calif. / Frankfurt - January 22, 2010 – Nanostart holding Nanosys, Inc. announced that it has signed a definitive commercial agreement with cutting edge electronics component manufacturer LG Innotek (LGIT). The agreement, involving Nanosys’ quantum dot phosphors for use in displays, represents the first real world 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 ultra 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 quick implementation, LGIT is the perfect commercial partner.” “Nanosys’ Quantum Rail technology is a solution ready for integration into backlight sub-assemblies without major tooling changes, making it our first choice for our next generation high color gamut displays ,” said Charlie (Cheol-Kee) Hong, LG Innotek VP and Head of R&D Center.
About Nanostart:
Nanostart AG is the world’s leading nanotechnology investment company. The Frankfurt-based company provides venture capital financing for nanotechnology companies in various growth phases. It also provides the benefits of its experience and expertise to developers of financial instruments and to investors in the nanotechnology sector. For further information about the company, please visit www.nanostart.de.
About Nanosys:
Nanosys, Inc. is a leader in the development of nanotechnology-enabled products utilizing high performance inorganic nanostructures. Nanosys has built one of the broadest technology platforms in the industry with approximately 500 patents and patent applications covering fundamental areas of nanotechnology. Based in Palo Alto, California and privately held, Nanosys collaborates with industry leaders to develop revolutionary high-value, high-performance products for computing, optoelectronics, communications, renewable energy, defense and the life sciences.
More company information can be found at: www.nanosysinc.com.
Disclaimer:
This notice constitutes neither an offer to sell nor a solicitation of offers to purchase or subscribe to securities. There will be no public offering of securities of Nanostart AG in conjunction with the existing listing of its shares in the “Entry Standard” segment of the regulated unofficial market (Freiverkehr) on the Frankfurt Stock Exchange. This notice does not constitute a securities prospectus. Neither this notice nor the information contained within is intended for direct or indirect distribution within the United States of America, Canada, Australia or Japan.
Media contact:
Nanostart AG
Public Relations
Dr. Hans Joachim Dürr
Goethestrasse 26-28
D-60313 Frankfurt
Germany
phone:
fax: +49 (0)69-21 93 96 122
e-mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
