Nanosys today announced
the creation of QD Soleil™, 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
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
"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."