Nanosys Completes Commercial Agreement with LGIT for its Quantum Rail™ Lighting Products
Next generation mobile phones will have exceptional color quality
Palo Alto, Calif., January 21, 2010 – Nanosys, Inc. today 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 Nanosys, Inc.
Nanosys, Inc. is an advanced material architect, harnessing the fundamental properties of inorganic materials into process ready systems that can integrate into existing manufacturing to produce vastly superior products in lighting, electronic displays, solar power, energy storage and medical. For more information, visit www.nanosysinc.com.
About LG Innotek
LG Innotek was established as the first general electronic component company in Korea, and is now producing the best products in the world such as tuner, precision motor, tape substrate and so on. Also, the company has proved its excellent technologies in the areas of LED, PCB, Mobile, Display, Network and Automobile Parts. For more information, visit www.lginnotek.com.