QD Vision Receives $3 Million from DTE Energy Ventures for LED Technology Commercialization Ramp Up
Source/Type:  LIGHTimes Online - News - Staff reports

Author: LIGHTimes News Staff

January 21, 2010... QD Vision, Inc. of Watertown, Massachusetts USA, a developer of Quantum Light™ nanotechnology-based products for solid state lighting and displays, reports that DTE Energy Ventures has invested $3 million in the company. QD Vision says that the funding will support its market expansion of quantum dot-based nanomaterials that enable very signficant efficiency gains in solid-state lighting and flat panel displays. The investment follows a $10 million initial close of funding announced last month by the company.

Knut Simonsen, president, DTE Energy Ventures, said DTE Energy is pleased to partner with QD Vision and its highly talented team. “QD Vision’s Quantum Light™ platform will help lighting and display manufacturers reduce the carbon footprint of their products even as they continue delivering higher quality, better efficiency and lower costs for customers,” Simonsen said. “This technology promises to set a new standard for these multi-billion dollar global industries.”

Mike McNalley, Director of Energy Efficiency and Business Energy Services, DTE Energy, said “We look forward to creating more LED lighting options for our customers with QD Vision products. We plan to encourage QD Vision to team up with Michigan based LED lighting companies and broaden their market reach.”

QD Vision’s first product which was unveiled in 2009, is a Quantum Light optic for a new high- efficiency, high-color-quality LED lamp developed by Nexxus Lighting, Inc. The company points out that the Quantum Light combines the warmth and color of incandescent bulbs with the efficiency of LED technology. QD Vision expects to ship the lamps in the first quarter of 2010. The lamps can be directly installed in standard Edison sockets used by today’s incandescent bulbs. Meanwhile, QD Vision is actively working with several major manufacturers to design its Quantum Light optic into a number of SSL lamps and fixtures. Company News Release

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