Beijing, China, November 9, 2015 - QD Vision, the leader in QLED display quantum dot technology, today announced a new round of funding from Tsing Capital and BASF Venture Capital GmbH. The two well-known investment companies are from China and Europe, with a focus on innovative clean technologies. This round of financing is part of a series of recent financings (total of $22.4 million from existing investors and new investors), and the proceeds from the financing will be used to further develop intellectual property and support the company's revenue growth.
In addition, QD Vision also announced a joint development agreement with BASF Group for a quantum dot-enhanced backlight technology and LCD display color filter. The two companies will target the growing demand for wide color gamut technology, with priority given to the Rec. 2020 color standard. Wide color gamut technology can display millions of colors more than current UHD or 4K displays on the market.
Mr. Mustafa Ozgen, CEO of QD Vision, said: “The new round of capital injection indicates that investors are confident in the strong growth potential of QD Vision and the quantum dot market. Our Color IQTM technology is in color performance, low energy consumption, environmental safety, price, etc. We have established a solid industry leadership position. We hope to work closely with new investors to improve people's quality of life through better display technology."
Mr. Li Liwei, managing partner of Qingyun Venture Capital, a leading venture technology company in China, said: “QD Vision has been committed to the development of energy-efficient and environmentally friendly LCD quantum dot technology. The company has become the preferred partner of Chinese TV manufacturers. The China Environment Fund managed by the investment bank also sees QD Vision's global leadership and its expanding operations in China."
According to Mr. Dirk NachTIgal, Managing Director of BASF Ventures, “QD Vision's products deliver an unparalleled LCD visual experience with significantly reduced power consumption. We look forward to the innovative technology that will be widely used in next-generation LCD devices.â€
Mr. Jeff Knight, senior vice president of BASF's Asia-Pacific dispersions and pigments and responsible for BASF's electrical and electronic business, said: "Current standard LCD technology can only show one-third of the color seen by the human eye, indicating that there is still considerable improvement in this area. Potential. Combining QD Vision's Color IQ technology with BASF's capabilities in the color filter field, we can jointly develop advanced display materials that meet the next generation of color standards."
About Qingyun Ventures
Established in 2001, Tsing Capital is a pioneer and leader in China's clean technology venture capital and one of the world's first venture capital firms focused on clean technology. Founded by Qingyun Ventures in 2002, China Environment Fund (CEF) is the first overseas venture capital fund dedicated to investment in clean technology and one of the world's first clean technology funds. Qingyun Ventures works closely with its funded companies in areas such as new energy, energy conservation, environmental protection, sustainable transportation, new materials and sustainable agriculture.
About BASF Venture Capital
Founded in 2001, BASF Ventures is a wholly-owned subsidiary of BASF New Business GmbH in Ludwigshafen, Germany, aiming to create new ventures and invest in new ventures. Growth potential.
About BASF
For 150 years, BASF has always been committed to creating new chemistry. Our products cover chemicals, plastics, specialty products, crop protection products, and oil and gas. As the world's leading chemical company, we combine economic success, social responsibility and environmental protection. Through science and innovation, we help our clients in all industries meet the needs of today's and tomorrow's society. Our products and solutions contribute to protecting resources, ensuring the supply of nutrients and improving the quality of life. Our corporate mission outlines this contribution: “Creating a new role for chemistry and pursuing a sustainable future.†BASF's global sales in 2014 were approximately €74 billion, with approximately 113,000 employees as of the end of 2014. BASF's shares are listed on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).
About QD Vision
QD Vision is a leading quantum dot display technology company. Quantum dot display technology, a new generation of alternatives to organic electroluminescent photodiode (OLED) displays, delivers unparalleled color display at a cost comparable to LCD displays. QD Vision's Color IQTM quantum dot technology is the only optical component solution in the industry that enables full color gamut display. Founded in 2004, QD Vision has received more than $100 million in financing from top venture capital firms, with its headquarters in Lexington, MA. COLOR IQ, QLED, and QD VISION are registered trademarks of QD Vision Inc. Among them, the COLOR IQ and QD VISION trademarks are registered in one or more countries.
Banknote Value Counting Machine
Suzhou Ribao Technology Co. Ltd. , https://www.ribaoeurope.com