QMC Licences Quantum Dot, Thin Film Cell Technology For Indian Manufacturer
While this project envisions both display and solid-state lighting products, the initial focus of this venture is for the establishment of domestically produced thin-film, quantum dot-based solar pane
U.S. cadmium-free quantum dot and nano-materials manufacturer Quantum Materials Corp has received an initial $500,000 license fee from construction and electronics business Amtronics India.
Amtronics will use Quantum’s technology to develop, manufacture and commercialise quantum dots through joint venture Qamronics India, formed by Amtronics and the state-owned Assam Electronics Development Corp Ltd (AMTRON).
Construction has started on a 120,000 sq ft facility for large-scale, low-cost quantum dot production in Assam. The factory will also develop thin-film quantum dot solar cells, solid-state LED lighting and displays.
As part of the licensing deal, Amtronics will use the QDX trademark and technical data to support its marketing initiatives and Quantum will receive technology development funding, milestone payments and royalties on the quantum dots and solar cells produced.
The factory was initially conceived as a 12,000 sq ft fab but has been expanded tenfold and construction is expected to be completed by the end of 2019.
An ambitious target
Stephen B. Squires, president and CEO of Quantum Materials Corp said that the delay in processing of the upfront license fee was largely an unintended consequence of expanding the project scope from the initial $20 million to the now proposed $70 million.
Squires affirmed that with this payment now in place, the company is ready to move aggressively forward on this exciting new venture with their license partners Amtronics CC and AMTRON. This was done in order to bring the incredible power of quantum dots and the products they can improve, to the India marketplace.
He further stated that while this project envisions both display and solid-state lighting products, the initial focus of this venture is for the establishment of domestically produced thin-film, quantum dot-based solar panels.