This patent acquisition, which is in line with Nanoco's strategy of building its patent estate organically and by acquisition, reinforces the Company's intellectual property position in quantum dot electroluminescent displays (QLED), a future technology in which quantum dots can be used to replace the current materials in organic light emitting diode (OLED) displays.
Nanoco is building a patent position in anticipation of many future applications of quantum dots including QLED, a technology that Nanoco has researched for almost 10 years.
In the meantime, display sales in the medium term are expected to remain dominated by liquid crystal display ("LCD") technology, which is Nanoco's current commercial focus.
The commercial terms of the patent acquisition were undisclosed.
According to Michael Edelman, Nanoco's Chief Executive Officer, in the longer term, QLED displays could challenge current OLED displays and the company aims to have a strong competitive position in this space.
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