Jan 11, 2013

QD Vision, Inc. , developer of Quantum Light™ nanotechnology-based products for display and solid state lighting applications, recently announced it has closed a $22 million round of financing that will be used to expand volume production capacity, and to fund long term company growth.The latest round of financing includes existing investors, North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, and DTE Energy Ventures, as well as new investors, Passport Capital, Novus Energy Partners, and Capricorn Investment Group. “The performance advantages enabled by our quantum dot technology have created significant momentum with some of the world’s largest companies in the display and lighting industries,” said Jason Carlson, QD Vision CEO. “We expect to see products in the market next year that offer incredible color performance by incorporating our Quantum Light™ products. I appreciate the continued support of our current investors, and look forward to working with our new investors as we move the company toward high volume production.” QD Vision recently announced the achievement of significant results that move full-color quantum dot LED (QLED) displays closer to reality. The exceptional color performance of QLEDs translates into a fundamental 30-40% luminous efficiency advantage over the best known organic LED (OLED) technology, and QD Vision's red, green and blue QLEDs now meet or exceed the 1953 NSTC color standard without using color filters or secondary effects. "The next generation of high-color performance, energy-efficient display products will incorporate Quantum Light™ products from QD Vision, and with this financing the company is well-positioned for significant growth," said Jamie Goldstein, partner at North Bridge.