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I n 2016 the company’s founder returned as President and CEO and implemented a cost reduction initiative streamlining the G&A overhead and devoting more resources to R&D and commercialization readiness. These efforts have resulted in further optimization of the chemistry and the products. Through this refinement the company has been able to double the through put of its current production equipment from 2000 Kg of QDs per year to 4,000 Kg of QDs per year. Management believes that this and a number of other material performance enhancement discoveries made by the company provide us with the ability to provide industry leading material performance at a very competitive price point. All of the company’s discoveries are developed in a manner that they are compatible with our patented flow manufacturing process.
Business Accomplishments
The following outlines the business accomplishments of the Company over the last few years:
● Initiated collaborations with a number of LED and Micro LED companies;
● Developed stabilized cadmium free QDs and encapsulation process for remote phosphor LED applications and surpassed 3,000 hours continuous on time without measurable degradation;
● Reduced QD process cost by more than 25% and doubled annual production throughput capacity using existing process equipment;
● Significantly improved cadmium free QD optical performance. Achieved >86% Rec. 2020 and improving;
● Initiated collaboration for QD enhanced display film with arguably the world’s largest multinational chemical company;
● Developed and introduced blue cadmium free high-performance QDs;
● Developed and introduced the first 100% quantum yield cadmium-free red QDs;
● Developed and began producing a range of plasmonic particles targeting specialized lighting and thermal management application in the automotive and commercial glass industry;
● 50+ patents and applications granted, filed, and in preparation;
● Doubled the number of display optical film companies that we are now in collaboration with and increased sample sales revenues;
● Continued product development with leading global optical film manufacturer Nitto Denko Corporation;
● Developed and began producing nano-materials for nano-bio, energy storage, water purification, and other emerging applications;
● Established a nanomaterials laboratory facility for research, development and production in Texas and negotiated a collaboration with Texas State University;
● Acquired a foundational patent portfolio from Bayer AG covering high volume production of QDs, including cadmium free quantum dots, quantum dot enhancement technologies and quantum dot solar cell technologies; and
● Licensed key patents from Rice and University of Arizona