Dow Electronic Materials, a unit of
The Dow Chemical Company
), has entered into a global licensing agreement with Nanoco
Group PLC for Nanoco's cadmium-free quantum dot technology. The
companies did not disclose the financial terms of the agreement.
However, Nanoco will be entitled to receive royalty payments from
the sale of cadmium-free quantum dots.
According to the deal, Dow Electronic materials will hold
exclusive worldwide rights for sale, marketing and manufacture of
Nanoco's cadmium-free quantum dots for use in electronic
displays. Nanoco will also offer any technology advances to its
cadmium-free quantum dot technology as long as the deal is in
place. Nanoco will also provide technical and marketing
assistance to Dow. The collaboration will provide advanced
materials solutions to customers.
Under the agreement, Nanoco's leading technology will be
combined with Dow's large-scale manufacturing capability along
with its strong sales, marketing and distribution network. Dow
also has plans of building production capacity in Asia and
intends to supply high-performance materials to its customers in
the display and semiconductor-related segments. Commercial
production is expected to begin in the first half of 2014.
Dow believes that Nanoco's cadmium-free quantum dots will set
a new standard in the display industry as it can improve the
color display of LCD in a cost effective manner as well as by
avoiding the use of heavy metals.
Dow Electronic Materials is a global supplier of materials and
technologies to the electronics industry. The unit comprises of
teams of talented Dow research scientists and application experts
who work closely with customers, providing solutions, products
and technical service necessary for next-generation
Dow currently retains a short-tem Zacks Rank #3 (Hold).
Other companies in the chemical industry with a favorable
Zacks Rank are
Air Products and Chemicals
). While Arkem is carrying a Zacks Rank #1 (Strong Buy), both
BASF and Air Products hold a Zacks Rank #2 (Buy).
AIR PRODS & CHE (APD): Free Stock Analysis
(ARKAY): ETF Research Reports
BASF SE (BASFY): Free Stock Analysis Report
DOW CHEMICAL (DOW): Free Stock Analysis
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