Nanosys Signs Definitive Commercial Agreement with LG Innotek

Nanosys, Inc. today announced that it has signed a definitive commercial agreement with cutting edge electronics component manufacturer LG Innotek (LGIT). The agreement, involving Nanosys' quantum dot phosphors for use in displays, represents the first real world commercial application of quantum dots in electronics.

Use of Nanosys' architected quantum dots enables LGIT to be the first company in the world to provide ultra high color gamut displays to its customers such as LG Group and others. The agreement secures sales of Nanosys' process ready components into the display market for many years.

"Our Quantum Rail device takes quantum dots out of the lab and delivers them as process ready components for customers such as LGIT" said Jason Hartlove, CEO of Nanosys. "With a reputation for quick implementation, LGIT is the perfect commercial partner." "Nanosys' Quantum Rail technology is a solution ready for integration into backlight sub-assemblies without major tooling changes, making it our first choice for our next generation high color gamut displays ," said Charlie (Cheol-Kee) Hong, LG Innotek VP and Head of R&D Center.