New Philips Cadmium Selenide-Based Quantum Dot Monitors Represent Major Breakthrough for EU in Competitiveness, Environmental Protection and Energy Efficiency

The recent introduction of Philips’ long-awaited 276E6ADSW monitor in the EU market represents a major display technology breakthrough. Relying on revolutionary quantum dot technology developed by QD Vision, which is more energy efficient than alternative color conversion technologies currently available, the new monitors offer far superior color performance than those available with such alternative technologies, and at very competitive prices. Wide color gamut technology is considered essential for companies to remain competitive in important technical fields ranging from medical diagnostics to e-commerce, while providing a major boost in energy efficiency. At the same time, QD Vision’s quantum dot technology is friendlier to the environment than the indium-based or “cadmium-free” quantum dots technology being pursued by other companies.

QD Vision is responding to a statement issued yesterday as part of an ongoing public relations campaign by Nanoco to have cadmium selenide-based quantum dots excluded from the EU market despite statements by both Parliament and the Commission that Exemption 39 remains valid at this time. Nanoco continues its efforts to have products using its indium-based quantum dot technology introduced into the EU display market, but there are none to date. In the first quarter of this year, Samsung introduced televisions based on indium phosphide in the European market.

In May of this year, the European Parliament asked the European Commission to review a recent decision to extend QD Vision’s exemption for using cadmium selenide based on its solution’s energy efficiency and a lack of competitive alternatives. According to the Commission, that review is underway according to the process prescribed by the Parliament, which also stated that, in the meantime, their recommendation should introduce “no market disruptions.” Claims by Nanoco that the exemption was stopped by the Commission and Parliament are incorrect and misleading.

"We look forward to a swift technical assessment of the alternatives in this exciting segment – one that will plainly demonstrate that safe and energy-efficient cadmium selenide quantum dots are the only competitive solution for Europe," said Mustafa Ozgen, CEO of QD Vision. "I don’t think any potential competitor intentionally attempted to mislead the European Parliament by their filings, but they seem to be unfamiliar with the significant advantages of the cadmium selenide-based quantum dots product in color, energy efficiency and environmental friendliness and the inability of alternative products to match these important performance characteristics.”

The Philips monitor is the first quantum dot based monitor in the market today. There is currently no monitor in the market using indium quantum dots. Televisions based on QD Vision’s quantum dot technology have been on the market since 2013.

About QD Vision, Inc.

QD Vision, Inc. is a leader in quantum dot display technology for QLED displays. Quantum dot technology is a superior next-generation alternative to OLED displays, providing unparalleled color representation at a highly competitive LCD cost structure. Color IQ quantum dot technology from QD Vision provides a unique optical component solution capable of delivering “full-gamut” color to the display industry. Founded in 2004, the company has raised more than $100 million in financing from top-tier venture capital firms and is headquartered in Lexington, Massachusetts. http://www.coloriq.com

COLOR IQ, QLED, and QD VISION are trademarks of QD Vision, Inc. The COLOR IQ and QD VISION trademarks are registered in one or more countries.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151005006813/en/

Contact information

For QD Vision:
Media:
Michele Dempsey, 781-652-7525
mdempsey@qdvision.com