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Nanosys Launches New Solar Photovoltaic Division, QD Soleil(TM)
(Market Wire Via Acquire Media NewsEdge) PALO ALTO, CA -- (MARKET WIRE) -- 05/08/09 --
Nanosys today announced the creation of QD
Soleil(TM), a wholly owned division focused on the use of its proprietary
nanotechnology in solar panel cell designs. Nanotechnology is the next step
in the natural evolution of a solar generated grid-ready energy supply.
QD Soleil's intellectual property is a seminal estate that includes over
500 patents and patent applications. This technology has been refined over
many years by Nanosys and exploits the best in class inorganic material
compositions, processing and integration chemistries, and includes the most
stable nanomaterial formulations known. Applications of the technology and
intellectual property are broad and include additive enhancement layers for
light conversion engineering, nano-particle inks, light waveguide
concentrators and nanomaterial composites for enhancing overall solar cell
efficiency. Nanosys is considering strategic options to maximize the value
of QD Soleil, including possible sale to a large photovoltaic manufacturer.
QD Soleil is now meeting with potential partners and parties interested in
acquiring a substantial footprint in nanotechnology for photovoltaics.
"Based on the current administration's energy focus, the U.S. is likely to
grow into the largest installed market of solar panels in the world over
the next five years," commented Nanosys CEO Jason Hartlove. "Nanosys is one
of the world's leading nanotechnology companies, with a consolidated
position in inorganic nanotechnology, and significant product launches in
other areas such as green lighting this year. Therefore, we believe that QD
Soleil can focus and execute more effectively as a separate division."
"It's an exciting time for QD Soleil to engage with larger companies best
poised to fully exploit seminal IP,
know-how and critically enabling technologies," said Vijendra Sahi, VP and
GM of the QD Soleil division. "We are particularly excited because we can
utilize much of the technology base and materials now being launched in
products by Nanosys."
"The acquisition of QD Soleil would be an ingenious way, especially in this
environment, to take a focused approached to innovation and R&D," said Josh
Wolfe, co-founder and Managing Partner of Lux Capital. "Furthermore, so
significant is the QD Soleil patent portfolio and know how that it could be
extremely valuable to any entity contemplating nanotechnology in solar
today."
For more information about Nanosys, visit the Company's website at
www.nanosysinc.com. For more information about QD Soleil, visit QD Soleil's
website at www.qdsoleil.com.
QD Soleil Contact:
Vijendra Sahi
VP and GM QD Soleil
Tel: 650-906-9230
Email: Email Contact
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