QMC Establishes Quantum Dot Production In India
American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp (QMC) has signed a License and Development Agreement with Amtronics, based in Assam India, to allow for the establishment of large scale, low cost quantum dot production for the development and future commercial manufacture of: ultra-high definition display panels (UHDTV); solid state lighting (SSL) LEDs; and quantum dot driven thin-film solar cells (QDSC).
The agreement provides Amtronics with the right to manufacture quantum dots and thin-film quantum dot solar cells for commercial supply in India, as well as the right to use the QDXTM trademark and technical data to support its marketing initiatives.
Under the terms of the Agreement, QMC receives an immediate upfront license fee of $1,000,000 in addition to technology development funding, scheduled milestone payments and royalties on all quantum dots/solar cells produced. The 12,000 square feet nanotech-focused facility is being established as the anchor project within the recently announced Electronics Manufacturing Cluster in the Guwahati Tech City.
Stephen B. Squires, president and CEO of QMC stated: "We are extremely pleased to partner with Amtronics CC and Amtron as they establish the necessary infrastructure to support large scale thin-film, quantum dot based solar cell production in Assam India using QMC patented technologies.
"India has announced an ambitious target of achieving 175 GW's (gigawatts) of renewable energy installed capacity by 2022 and this challenge represents a tremendous opportunity for the deployment of our advanced nano-materials and thin-film quantum dot solar technologies which have the potential to be produced much more cheaply in terms of initial capex and opex than traditional silicon based solar cells. India's recent implementation of tariffs applied to imported solar photovoltaic's creates an ideal opportunity to establish QMC's next generation thin-film photovoltaic's for broad adoption in the region. I am highly confident that our technologies will help India fulfill its goal to deploy low cost renewables as a significant step toward energy independence"
M. K. Yadava, managing director of Amtron said: "We are very pleased that QMC and Amtron( Assam Electronics Development Corporation Ltd) have joined together in this timely venture to create a state-of-the-art quantum dot manufacturing facility within the newly established Guwahati Tech City. AmtronN is a State-owned public sector undertaking of the government and is providing the necessary bank guarantees to move this project to completion."