QD Vision, Inc.,
developer of Quantum Light nanotechnology-based products for solid state lighting
and displays, announced today that DTE Energy Ventures has invested $3 million
in the company. The funding will support QD Vision's market expansion
of quantum dot-based nanomaterials that enable major efficiency gains in high-quality
solid-state lighting and flat panel displays.
The investment follows a $10 million initial close of funding announced last
month by the company.
“DTE Energy's investment in QD Vision is a significant endorsement
of our Quantum Light™ product platform, which will improve the quality
of solid state lighting and displays while dramatically reducing power consumption
and costs,” said Dan Button, CEO of QD Vision. “DTE Energy is actively
participating in developing clean-energy solutions with its investments in some
of the world's most exciting startups in renewable energy, energy efficiency
and energy storage solutions.”
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, announced in 2009, is a Quantum Light™
optic for a new high- efficiency, high-color-quality LED lamp developed by Nexxus
Lighting, Inc. (NASDAQ:NEXS), that combines the warmth and color of incandescent
bulbs with the efficiency of LED technology. The power-saving lamp, expected
to ship in the first quarter of 2010, can be directly installed in standard
Edison sockets used by today's incandescent bulbs. Meanwhile, QD Vision
is actively working with several worldwide major manufacturers to design its
Quantum Light™ optic into a number of SSL lamps and fixtures.