Agreement with In-Q-Tel Caps More Than $5 Million in Government Contracts for Quantum-Dot Nanotech Pioneer
April 9, 2008
QD Vision today announced a strategic investment and technology advancement agreement with In-Q-Tel, the independent strategic investment firm that identifies innovative technology solutions to support the mission of the broader U.S. Intelligence Community. The agreement is the latest in a series of government contracts totaling more than $5 million secured in the past year by QD Vision, a nanotechnology leader developing quantum-dot-based display and solid-state lighting solutions.
QD Vision’s Quantum Light™ product platform uses quantum-dot technology to create custom- colors in both the visible and the near-infrared spectrum when stimulated with photons or electrons. Leveraging a breakthrough patent portfolio from QD Vision and from MIT, the Quantum Light™ product platform sets new standards for color purity and brightness, power efficiency and design versatility. QD Vision is currently bringing this technology to bear on a range of challenges in commercial markets such as consumer electronics and solid state lighting, as well as defense and security markets.
“In-Q-Tel’s portfolio is made up of innovative and critically important commercial technologies that can address the most difficult technology challenges faced by both commercial enterprises and the national security community,” said Ben Levitan, Partner at In-Q-Tel. “QD Vision’s proprietary technology offers great promise for leading edge applications for customers in the federal and commercial markets.”
“Our partnership with In-Q-Tel is a natural fit, as we see our patented technology playing an expanding role in enhancing critical government applications even as we also enable a new generation of commercial applications,” said Dr. Dan Button, CEO of QD Vision. “In-Q-Tel is a unique strategic investor driven by the technology needs of users within the Intelligence Community. QD Vision is proud to support their important mission.”
More than $5 Million in Government Contracts
QD Vision has secured more than $5 million in contracts from U.S. federal government agencies since early 2007, including In-Q-Tel, the Advanced Technology Program (ATP) of the National Institute of Standards and Technology (NIST), and the Air Force Office of Scientific Research (AFOSR).
“Government-sponsored R&D programs represent a vital part of QD Vision’s commercial technology development strategy,” said Dr. Seth Coe-Sullivan, QD Vision Co-Founder and Chief Technology Officer. “These programs have remarkable synergy with and directly support the core development of quantum-dot compositions, applications and device performance—all of which have tremendous value in a broad range of future commercial applications.”
About QD Vision, Inc.
QD Vision (http://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, clean tech such as 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.