Nanoco Group plc (LSE:NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, announces it has signed a further follow-on joint development agreement with Osram, one of the world’s largest lighting companies, in connection with the use of Nanoco cadmium-free quantum dots in lighting.
Nanoco’s cadmium-free quantum dot technology has the potential to transform LEDs so that they more efficiently produce bright, warm light with the ability to accurately reproduce colors.
“We’re delighted to sign this latest joint development agreement with Osram and to continue this exciting work focused on creating LEDs with substantially improved color performance,” said Michael Edelman, CEO, Nanoco. “Lighting is a core target market for our cadmium-free quantum dot technology.”
Nanoco’s joint agreement with Osram has been in place since 2011 with the objective of delivering LED lighting with superior performance characteristics. Much of the technical work to date has focused on encapsulating Nanoco’s cadmium-free quantum dots so they can withstand the operating conditions associated with LEDs. This latest, 12-month agreement with Osram will further that product development.