The Dow Chemical Company and LG Electronics (LG) partner to provide cadmium-free quantum dot technology for LGs new Ultra HD TV with quantum dots. 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.
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.
Dow is building a plant in South Korea where commercial production of cadmium-free quantum dots is expected to begin in the first half of 2015.
Quantum dots are semiconductor nanocrystals that convert electrical energy into light and can be manipulated to produce precise colors for displays. They are cheaper and consume less power than organic light-emitting diodes (OLED), but cannot be produced in the same quantities yet.