Samsung and Evident Technologies Enter Into LED Patent Agreement
TROY, N.Y. and SEOUL, South Korea, May 5, 2011
TROY, N.Y. and SEOUL, South Korea, May 5, 2011 /PRNewswire/ — Evident Technologies, Inc. and Samsung Electronics Co., Ltd have entered into a comprehensive patent licensing and purchasing agreement for Evident's quantum dot LED technology. This agreement grants Samsung worldwide access to Evident's patent portfolio for all products related to quantum dot LEDs from manufacture of the quantum dot nanomaterials to final LED production.
"We are excited that Samsung, the leader in consumer electronics, has licensed our quantum dot technology," said Dr. Clint Ballinger, CEO of Evident Technologies. "We already enjoy a terrific working relationship and look forward to the future of this technology."
Quantum dots are nanometer-sized semiconductor crystals that have great commercial promise in electronic applications from solar energy conversion to thermoelectrics to LEDs. Evident was the first company in the world to commercialize quantum dot LEDs with products launched in 2007.
Evident Technologies is currently focused on developing next-generation thermoelectric applications using their core quantum dot material technology. "Our goal is to greatly increase the performance of thermoelectric devices through our nano-material advances," says Dr. Ballinger. Thermoelectric devices can be used for solid-state heating and cooling as well as for converting waste heat into electricity directly.
SOURCE Evident Technologies, Inc.