Interesting comments from Nano CEO on getting to commercialization.Shows its a lot more than just making dots.
Once you prove that people want it, you then have to industrialize. You have to scale it up. You have to make sure that you can make it in a manner that allows TVs to be introduced and those TV is not costing millions of dollars per TV, but costing something that we all can buy and we’ve proven that and our industrial partners have proven that then building a supply chain. The display market is over US$100 billion. It’s an unrelenting supply chain that grinds costs out of it. It’s not easy to play there. And in order for you in order for Nanoco to supply its materials to get those orders, we are heavily scrutinized, we’re heavily audited and that process takes time.
It takes time for our partners Dow and Merck to go through the same process. When Samsung or Hisense put a TV into the market, they need to be reassured that they’re going to get the same quality and material time after time. And that is going to last for 50,000 hours of continuous on which is over six years. So they need to be sure and that’s what we’ve built. We then move through to formal technical approval, so this is actually adjusting the product to suit each individual, TV manufacture in this case, color points and that’s a continuous iterative process of changing what we call the white point, the mix of red and green materials to match their color filters and the whole system needs so that system is fully optimized. And as that system gets optimized and as we’re audited then we get in the position where we can actually get orders
Once you prove that people want it, you then have to industrialize. You have to scale it up. You have to make sure that you can make it in a manner that allows TVs to be introduced and those TV is not costing millions of dollars per TV, but costing something that we all can buy and we’ve proven that and our industrial partners have proven that then building a supply chain. The display market is over US$100 billion. It’s an unrelenting supply chain that grinds costs out of it. It’s not easy to play there. And in order for you in order for Nanoco to supply its materials to get those orders, we are heavily scrutinized, we’re heavily audited and that process takes time.
It takes time for our partners Dow and Merck to go through the same process. When Samsung or Hisense put a TV into the market, they need to be reassured that they’re going to get the same quality and material time after time. And that is going to last for 50,000 hours of continuous on which is over six years. So they need to be sure and that’s what we’ve built. We then move through to formal technical approval, so this is actually adjusting the product to suit each individual, TV manufacture in this case, color points and that’s a continuous iterative process of changing what we call the white point, the mix of red and green materials to match their color filters and the whole system needs so that system is fully optimized. And as that system gets optimized and as we’re audited then we get in the position where we can actually get orders
