LG Electronics Partners with Dow to Commercialize LGs New Ultra HD TV with Quantum Dot Technology
PHILADELPHIA - January 08, 2015
The Dow Chemical Company (NYSE: DOW) is pleased to announce it is partnering with LG Electronics (LG) to provide cadmium-free quantum dot technology for LGs new Ultra HD TV with quantum dots unveiled Tuesday at the 2015 Consumer Electronics Show (CES). Dow’s quantum dot technology, licensed from Nanoco Group plc (Nanoco), enables brilliant color in displays and, equally important, allows LG to plan their quantum dot requirements with the confidence of reliable, consistent supply from Dow.
In-kyu Lee, senior vice president and head of the TV and monitor division at LG Electronics Home Entertainment Company, said “Through our partnership with Dow, we can go forward knowing we have the strength of Dow’s large-scale cadmium-free quantum dot manufacturing facility and the expertise of Dow beside us.” He added, “Dow’s quantum dot technology takes LGs latest LCD TVs to a new level of picture quality, and further establishes LG as a leading provider of the most diverse and innovative TV display technologies in the industry.”
“We look forward to our continued collaboration with LG as they bring their new quantum dot TV to the consumer marketplace,” said Dominic Yang, president of Dow’s Electronic Materials’ business. “Aligned to our market-driven strategy, this collaboration is a strong example of Dow continuing to meet the needs of the market and consumer demands. It is indeed a pleasure to support our customers in the development of extraordinary display applications.”
On January 23, 2013, Dow Electronic Materials and Nanoco 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.
“Nanoco’s quantum dot technology has been years in the making, and going cadmium-free was the right choice from day one,” said Michael Edelman, Nanoco’s chief executive officer. “Dow is the right partner for us and for the industry’s display makers, and we are proud to know that LG will bring our technology to market in its new Ultra HD TVs.”
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 Electronic Materials can be found at www.dowelectronicmaterials.com.
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.
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