QD Vision awarded more than $700,000 by DOE as part of SSL program

April 21, 2009
Date Announced: 21 Apr 2009 -- One of Only Seven Core Technology Research Submissions Chosen by National Energy Technology Laboratory on behalf of DoEWATERTOWN, Mass. -- QD Vision (www.qdvision.com), developer of nanotechnology-based products for lighting and displays, today announced it has been selected by the Department of Energy (DoE) to receive more than $700,000 in funding for a project that will significantly contribute to the development of enhanced solid state lighting (SSL) technologies.QD Vision was selected for its submission titled: “Quantum Dot Light Enhancement Substrate for OLED Solid-State Lighting.” With support from Professor Marc Baldo of the Massachusetts Institute of Technology, the QD Vision team will develop and demonstrate a cost-competitive solution to increase extraction efficiency in organic light emitting diodes (OLEDs) with efficient and stable color rendering index (CRI) for solid state lighting. The end goal is practical solid state lighting solutions that are not only power efficient, but also emit light with highly pleasing color qualities.The DoE awarded a total of $26 million, $10.4 million for the 7 Core Technology Research projects, and $15.6 million for the Product Development selections. According to the DoE, the 14 selections are expected to contribute to the goal of the Solid State Lighting program: By 2025, develop advanced solid-state lighting technologies that, compared to conventional lighting technologies, are much more energy efficient, longer lasting, and cost competitive by targeting a product system efficiency of 50 percent with lighting that accurately reproduces sunlight spectrum.The Core Technology Projects chosen represent a significant advancement in the SSL technology base and are expected to fill technology gaps and provide enabling knowledge or data. QD Vision is one of only two privately held venture funded companies to be chosen for funding by the DoE. http://www1.eere.energy.gov/buildings/ssl/fundopps_032709.html“Being selected by DoE for its program on advanced solid state lighting technologies is another major achievement for QD Vision as we move closer to commercialization of game-changing cleantech products with our lamp and fixture partners,” said Dr. Dan Button, president and CEO of QD Vision.Leading the technical effort for this project at QD Vision are Dr. Seth Coe-Sullivan and Dr. Peter Kazlas (Principal Co-Investigators). They will work with Dr. Jonathan Steckel and Dr. John Linton, Directors of Chemistry and Deposition Process Development, respectively at QD Vision, and Professor Baldo from MIT, who will provide research services as a subcontractor.About QD Vision, Inc.QD Vision (www.qdvision.com) is a quantum dot product company that delivers highly differentiated lighting solutions to major industries where color, power and design matter. QD Vision’s Quantum Light™ platform enables step-change advances over other display and lighting solutions such as liquid-crystal displays (LCDs), plasma displays, light-emitting diodes (LEDs), and even organic LEDs (OLEDs). QD Vision is actively designing in products with industry-leading companies in target markets including cleantech applications, such as solid state lighting; consumer electronics, flat panel displays, electronic signage, and defense. Leveraging a first-tier patent position in nanotechnology originating at MIT, QD Vision is a privately held company based in Watertown, Mass

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