Forbes/Wolfe Award Top Nanotech Breakthrough of 2003 To Quantum Dot - News Item

The Forbes/Wolfe Nanotech Report, the leading investment publication for the nanotechnology industry, ranked Quantum Dot Corporation (QDC) and Rockefeller University's work with quantum dots for biological imaging as the top nanotech breakthrough of 2003. The ranking for QDC adds to the company's growing list of honors. Last month, Science Magazine named quantum dot bio-imaging one of the top 10 scientific breakthroughs of the year, specifically citing QDC's work in the field.

"Its many recent technological breakthroughs clearly establish Quantum Dot Corp. as one of the leaders in the field of nanotechnology," said Robert Paull, contributing editor of the Forbes/Wolfe Nanotech Report, a collaboration between Forbes and nanotech venture firm Lux Capital. "QDC also is unusual in that it's one of the few nano-companies selling products and generating revenue today."

Quantum dots are nanoscale crystals - one-billionth of a meter in dimension -- that shine brightly when excited by a light source such as a laser. QDC's Qdot nanoparticles are tags that help life science researchers observe their work more quickly and with far greater sensitivity than current imaging techniques, such as organic dyes. Scientists at QDC and Rockefeller developed procedures for using Qdot nanocrystals to label live cells and demonstrated use for long-term multi-color imaging of live cells. The approach will aid researchers studying multiple cells (such as breast cancer tumors) as they proceed through growth and development.

"The Forbes/Wolfe Nanotech Report is one of the authoritative voices on nanotechnology," said Carol Lou, president of Quantum Dot Corporation. "This recognition is especially meaningful as it comes after our first year of commercial sales."

The Forbes/Wolfe Nanotech Report is the first publication targeting the business of nanotechnology, the precision creation and manipulation of atomic scale matter. Editors interviewed researchers in quantum physics, chemistry, biology and engineering to determine the top breakthroughs of the year. The rankings appeared in the newsletter's December 2003 edition.

Posted 21^st January 2004