Heath resident Nanoco, which develops cadmium-free quantum dots used in LCD televisions and lighting at its production plant in Runcorn, has signed a deal with German pharmaceutical company Merck.
The worldwide non-exclusive material supply and licensing agreement means that Merck will immediately start marketing Nanoco’s cadmium-free quantum dots made in Runcorn. The licence also allows Merck to establish its own production facility for cadmium-free quantum dots in line with global market demand at a later point in time.
Cadmium-free quantum dots enable the production of ultra-bright displays with a substantially extended colour range while reducing electricity consumption.
Michael Edelman, Nanoco chief executive, said: “This agreement with Merck is another major endorsement of the world-class quality of our cadmium free quantum dot technology. We are convinced that Merck can leverage its position in the display industry with these innovative materials.”
The financial details of the agreement are not being disclosed, but Nanoco will receive a licence fee and royalties on Merck’s sales of the Nanoco cadmium-free quantum dots that Merck manufactures.
Walter Galinat, member of the Merck executive board and chief executive of Performance Materials, said: “The agreement is in line with Merck’s strategy to sustainably secure its position as the global market and technology leader in display materials.
“With cadmium-free quantum dots, a remarkable increase in the colour range and a significant reduction in power consumption can be achieved. These cadmium-free quantum dots are eco-friendly and also complement our product portfolio for the display industry.