QD Vision's Quantum Light™ Product Platform Demonstrated at White House Media Event
WATERTOWN, Mass., March 23, 2009 -- QD Vision's Quantum Light™ technology platform was demonstrated at a White House event today where President Obama announced disbursement of $1.6 billion in research funds from the $59 billion set aside for clean energy in the American Recovery and Investment Act. One of four technologies spun out of MIT that were demonstrated, the prototype, developed with partner Nexxus Lighting, Inc. (NASDAQ Capital Market: NEXS), demonstrates an LED-based low-power solid-state lamp that provides high-quality warm light.
MIT President Susan Hockfield introduced the proceedings with a description of the commercial potential of MIT's research investments, highlighting for the President QD Vision's "quantum dot light bulbs that are 500% more efficient than incandescent bulbs, with no sacrifice in light quality."
QD Vision's patented breakthroughs in very low power solid state lighting exploit the unique light emitting properties of quantum dots to deliver huge reductions in power consumption and dramatic color quality improvements. Unlike the harsh, cold white light typical of today's low-power LED and fluorescent lights, quantum dots can warm up white light and dramatically improve emitted colors, while preserving the high efficiency of LEDs.
The prototype demonstration by QD Vision and its commercial lighting partner Nexxus Lighting, which manufactures and markets the actual LED light bulbs, shows the quality and efficiency improvements in lumen output and color rendering enabled by the Quantum Light™ materials applied to the lens of a Nexxus Array LED Par 30 light bulb. The companies expect to start delivering commercial products in the near future.
About QD Vision, Inc.
QD Vision 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 consumer electronics and flat panel displays, electronic signage, clean tech such as solid state lighting, and defense. Leveraging a first-tier patent position in nanotechnology originating at MIT, QD Vision is a privately held company based in Watertown, Mass.
About Nexxus Lighting, Inc.
Nexxus Lighting is a leader in advanced lighting technology, including solid-state LED and fiber optic lighting systems and controls used in commercial, architectural, signage, swimming pool, entertainment and retail lighting. Nexxus Lighting sells its products through its Commercial Lighting, Lumificient and Nexxus Lighting Pool and Spa units under the Array™ Ligthing, Savi(R), eLum™, LiveLED™, Super Vision(R) and Lumificient™ brand names.
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