QMC wins $1M Order for Quantum Dot Systems
Two QD production systems will be deployed at Tech City site in Assam India
American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp has received orders totalling $1 million for two high volume quantum dot production systems.
The $1M order has been placed by Amtronics LLC and has been secured with a letter of credit issued by Assam Electronic Development Corporation.
The two systems are scheduled to be delivered to Amtronics on or before June 30, 2019 and will be deployed at the Quantum Materials Corp˙s licensee˙s new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
Quantum Materials Corp CEO Stephen B. Squires commented:"We are pleased to see our patented technology being deployed in India and we are working closely with our licensees to better understand the Indian market and the nuances of doing business in this rapidly developing region. In addition to our primary mission of developing infrastructure to support roll-to-roll printing of next-generation quantum dot-based thin-film solar cells, the Tech City plant will be developing technology to support commercial production of QD based films for high color gamut flat panel displays as well as QD-LED general lighting and energy storage applications."
Commenting on the news, M.K. Yadava, CEO of Assam Electronics Development Corp, stated: "We are excited to see our vision taking shape in this exciting new venture to build next generation technology utilising quantum dot materials. We are making excellent progress in constructing the new quantum dot facilities here at Tech City and with weather permitting, we believe the new facility will be completed according to schedule with an opening date on or about Nov 2019. The required battery of soil, pile load and water quality tests have all been completed at this time. Finish grading and secondary ground preparations for the project area have also been completed and facilities construction work will be commencing at this time."
Squires concluded that, "The Indian market for solar and high efficiency LED lighting technologies holds enormous potential. We believe our strategy to license our technologies to well positioned strategic partners with Indian government participation is a winning combination and one that we intend to continue to build on. With above-ground construction now ready to commence, we expect a steady stream of updates on this project from our partners and will be releasing additional updates on a periodic basis as the project progresses and approaches completion in the fourth quarter of this year."