QMC to Quadruple quantum dot production space
State of the art lab and offices to be completed in June 2015
Quantum Materials Corp (QMC) today announced it has signed an agreement with STAR (Science Technology and Research) Park that will quadruple the company's quantum dot production space when the new state-of-the-art lab and offices are completed on or before June 2015. The company is also recruiting to double its scientific staff effective January 2015.
STAR Park, in San Marcos, Texas is a collaborative effort of Texas State and research partners serving as a catalyst for public/private development of new or improved technologies.
"It is extremely gratifying that our work is meeting with industry acceptance from some of the most technologically advanced companies in the world," said QMC founder and CEO Stephen Squires. "Our expansion demonstrates our commitment to meet the demands of next-generation television and display, solid-state lighting and solar energy manufacturers. We will be bringing to San Marcos top scientists and chemists to develop non-heavy metal tetrapod quantum dots and thick-shell technology to optimise them for each client's purpose and to their true commercial potential."
In a recent Reuters News article Samsung and LG Display discussed the use of quantum dots to create the next-generation Ultra High Definition televisions rather than organic light emitting diodes (OLED). In the article an industry analyst estimates that a 55-inch quantum dot TV would only cost consumers about 35 percent more than a current LCD TV, while an OLED TV could be 5 times more expensive. Quantum Materials' says that its process for quantum dot manufacture can further reduce manufacturer's costs through economies of scale.
QMC is a currently developing non-heavy metal (NHM) quantum dots under company-owned patents for the Ultra High Definition display market. Industry research has shown NHM quantum dots to be environmentally friendly but have yet to demonstrate NHM quantum dots of a quality, quantity, reliability and price necessary to justify industrial production. The company believes these problems will be overcome with its current intellectual property, automated processes and top scientific personnel.