Nanoco Group, a developer and producer of cadmium-free quantum dots and nanomaterials, and Tokyo Electron, a leading equipment supplier in Japan, have inked a further agreement subsequent to the end of the initial phase of a nanomaterial-based solar film development.
Nanoco Group, incepted in 2001, produces commercial volumes of quantum dots for applications such as solar cells, lighting and biological imaging. The company’s heavy metal-free quantum dots meet the criteria of RoHS regulation. The quantum dots can be used along with numerous materials such as glass, polymers and liquids.
This further agreement signifies the second phase of a joint development deal inked between Tokyo Electron and Nanoco Group in June 2010. The solar film’s performance will be enhanced further during the second phase, which is anticipated to extend for another 12 months. Nanoparticles that are delivered as a bespoke solar ink are utilized in the solar film of Nanoco Group. The technologies devised by Tokyo Electron are used for the printing of this solar ink to fabricate an economical solar cell with high efficiency.
The Chief Executive Officer at Nanoco Group, Michael Edelman stated that the company is happy to enter the joint development deal’s second phase after surpassing all the targets in the first phase. The company is especially satisfied with its advancements, which highlights the prospect of the company’s technology in the solar energy market where it uses advanced chemistry as a replacement for high capital intensive methods, he said.