Nanoco Receives First Commercial Order for CFQD Resin
Nanoco Group has received its first commercial order from Wah Hong Industrial, a Taiwan-based manufacturer of optical films and sheets for the display industry, for the supply of resins containing Nanoco’s cadmium-free quantum dots (CFQD).
The CFQD resin products, which will be produced in Nanoco’s manufacturing facility in Runcorn, UK, will be converted into films by Wah Hong and supplied to an original equipment manufacturer (OEM) for usage in TV and monitor products.
This first order is for initial production, which is expected to ramp up over the coming months. Nanoco and Wah Hong expect that products containing Nanoco’s CFQD resin will begin appearing in the international display market during the second half of the 2017.
Nanoco reports that its CFQD technology is now being evaluated in 16 active TV and monitor programmes with 13 major OEMs.
“We are pleased to announce our first orders for Nanoco’s CFQD resin following an extensive trial sampling programme performed over recent months,” reports C. P. Yeh, President of Wah Hong Industrial. “As a business, we recently invested in a new, wider coating line that will enable films large enough to fit 100 inch TVs to be produced and we remain on track to commence production of CFQD films for our customers during the second half of 2017.”
“This represents a significant milestone for our business and justification of the commercial potential for Nanoco’s cadmium-free quantum dot technology in the international display industry,” says Michael Edelman, CEO of Nanoco. “We are confident that the scale of orders should increase over the coming months. In light of increasing global regulations restricting the use of cadmium, including the imminent ban by the European Commission of cadmium in display products, manufacturers across the world are seeking more sustainable solutions that still deliver outstanding colour performance.”
Reproduced from NetComposites Now
Published: 4th July 2017