Quantum Materials to manufacture in China
North American quantum dot manufacturer Quantum Materials Corp has entered into a joint venture with Guanghui Technology Group whereas GTG will invest $20 Million for building out Quantum Materials' QDX quantum dot production facilities and quantum dots application development in China.
The joint venture will be registered in Hong Kong and operated as Quantum Materials Asia. GTG's investment and Quantum Materials' patented mass-production quantum dot manufacturing technology will enable Quantum Materials Asia to start supplying quantum dots to clients in the display, lighting and solar energy industries by the third quarter of 2016.
"We have already held serious discussions with a number of potential customers in our region seeking Quantum Dots for diversified applications, including display, lighting and solar. We have established our reputation as a key financial partner with the governments and industries by raising multiple billions of dollars in funding for projects driven by our customers over past decade," stated Liu Xiao, CEO of GTG.
"This joint venture represents a new role for GTG in that we are not only supporting this project financially to facilitate major market expansion for Quantum Materials, but we will also be deeply involved in driving market penetration among our industry clients seeking to bring their technology and products to the next level."
"This agreement represents our commitment to provide customers with best-in-class Quantum Dot materials, including Cadmium free quantum dots. Our patented mass production process enables us to rapidly establish locally based manufacturing to meet their volume production demands," commented.
Stephen B. Squires, founder and CEO of Quantum Materials Corp. "Combining our resources and expertise in advanced quantum dot technologies with GTG's strong financial support and business relationships with top-tier manufacturers of displays, lighting products and solar panels will facilitate generating tremendous business opportunities in both the government and private sectors."