The company has also entered into a joint venture with Guanghui Technology Group to produce QDX quantum dot materials in China. Guanghui is investing $20 million in the joint venture that operates as Quantum Materials Asia Co. Ltd.
Quantum Materials Asia expects to start supplying quantum dots to clients in the display, lighting and solar energy industries in the third quarter of 2016.
One of Quantum Materials' advantages in the market is the ability to mass produce quantum dots through printing or other roll-to-roll process, which should in turn reduce the cost to industry. The company's patented automated manufacturing process is applicable to quantum dots for solar cells for displays and solid-state lighting.
Quantum Materials said that it expects that commercial quantities of high performance cadmium-free quantum dot film will be available to display manufacturers in early 2017.
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