Dow Electronic Materials to Build First, Large-Scale Quantum Dot Manufacturing Operation in Korea
Cadmium-Free Quantum Dots Deliver Brilliant Color to Displays
Philadelphia, PA - September 24, 2014
The Dow Chemical Company (NYSE: DOW) announced today it will commence construction of the world's first, large-scale, cadmium-free quantum dot manufacturing operation at the Company's Cheonan, South Korea site. Previously announced in January, 2013, the new facility will enable the manufacture of millions of quantum dot televisions and other display applications to meet growing consumer demand. Production at the new facility is expected to begin in the first half of 2015.
"Today's announcement signals the display industry's desire to move toward quantum dots for brilliant color in displays, but without the use of cadmium," says Dr. C.G. Park, Global Business Director, Dow Electronic Materials' Display Technologies. "Anytime we can enable our customers to develop extraordinary products for a more sustainable future, it's a win for our customers, consumers and the environment."
Dr. Park adds that Dow's deep experience in scaling up manufacturing for the semiconductor industry means display makers can plan their quantum dot requirements with confidence.
On January 23, 2013, Dow Electronic Materials and Nanoco Group plc entered into a global licensing agreement for Nanoco's cadmium-free quantum dot technology. Under the terms of the agreement, Dow Electronic Materials has exclusive worldwide rights for the sale, marketing and manufacture of Nanoco's cadmium-free quantum dots for use in electronic displays. The manufacturing process will utilize Nanoco's patented, molecular-seeding technology, which enables high-volume manufacturing.
Dow's TREVISTA™ Quantum Dots can be tuned precisely to meet customer requirements for a wider color palette and improved color saturation. "TREVISTA™ Quantum Dots truly do bring a whole new view on color," says Andrew Lee, Business Director, Quantum Dot Technologies. "The difference is significant and we are pleased we can bring this stunning, new technology to our customers and the market."
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high growth sectors such as packaging, electronics, water, coatings and agriculture. In 2013, Dow had annual sales of more than $57 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 products are manufactured at 201 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
About Dow Electronic Materials
Dow Electronic Materials, a global supplier of materials and technologies to the electronics industry, brings innovative leadership to the semiconductor, interconnect, finishing, photovoltaic, display, LED and optics markets. From advanced technology centers worldwide, teams of talented Dow research scientists and application experts work closely with customers, providing solutions, products and technical service necessary for next-generation electronics. These partnerships energize Dow's power to invent. Its key end-use applications include a broad range of consumer electronics from personal computers, to television monitors, smart phones and tablets and other mobile devices as well as electronic devices and systems used in a variety of industries. More information about Dow's Electronic Materials business can be found at www.dowelectronicmaterials.com.
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