QD Vision Secures $20 Million to Ramp Production of Color IQ™ Optical
LEXINGTON, Mass. -- 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.
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.
“Color IQ” is a registered trademark of QD Vision, Inc.
QD Vision, Inc.
Jill DeCoste, 781-652-7525 or 617-347-0147
Marketing Communications Manager
Press spacebar to pause and continue. Press esc to stop.