QD Vision Secures $20 Million to ramp production of Color IQ™ optical components
Lexington, Massachusetts (March 29, 2013) - QD Vision, Inc. (www.qdvision.com), manufacturer of Color IQ™ optical components for LCD applications, today announced it closed a $20 million round of financing that will be used to further expand high volume production capacity, and to fund long term company growth. This latest round of financing includes support from all existing investors North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, DTE Energy Ventures, Passport Capital, Novus Energy Partners, and Capricorn Investment Group.
“Since the public announcement of our Color IQ product launch in select Sony LCD TVs at the Consumer Electronics Show in January, QD Vision has been very focused on production ramp up activities,” said Jason Carlson, QD Vision CEO. “I appreciate the continued strong support of our investors, as we aggressively expand our high volume manufacturing operations and continue to build the global QD Vision team.”
Color IQ significantly improves LCD color performance. Until now most mainstream LCD TV designs have had to sacrifice color quality typically only delivering 60-70% of the NTSC color standard. Color IQ increases typical LCD color performance by up to 50%, and is capable of delivering 100% of the NTSC standard, providing consumers with unparalleled color performance at a superior value. Color IQ works with all major LCD applications, including LCD TVs, LCD monitors and mobile displays, providing both superior color performance and high system efficiency.
“Color IQ delivers a far more immersive viewing experience, and will change the way consumers see televisions and ultimately other LCD displays. We look forward to seeing the products in the market place,” said Jamie Goldstein at North Bridge Venture Partners.
Please direct all press inquiries:
Marketing Communications Manager
QD Vision, Inc.
29 Hartwell Ave
Lexington, MA 02421
“Color IQ” is a registered trademark of QD Vision, Inc.
About QD Vision, Inc.
QD Vision, Inc. is a nanomaterials product company delivering a new generation of display and lighting solutions that provide unmatched color. The only quantum dot company solely focused on displays and lighting, QD Vision's technology harnesses the unique light-emitting properties of a new class of nanomaterials called quantum dots.
The company’s advanced materials and components illuminate a broad range of applications, including flat panel displays, solid state lighting systems, and defense and security projects. QD Vision has received numerous accolades, including the Wall Street Journal Technology Innovation Award, Emerging Company of the Year by the New England Clean Energy Council, and AlwaysON Cleantech and Public Sector awards. The company also won a silver Edison Award for best new product.
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