New Philips Cadmium Selenide-Based Quantum Dot Monitors Represent Major Breakthrough for EU in Competitiveness, Environmental Protection and Energy Efficiency

LEXINGTON, Mass.–(BUSINESS WIRE)–The recent introduction of Philips’ long-awaited 276E6ADSW monitor in
the EU market represents a major display technology breakthrough.
Relying on revolutionary quantum dot technology developed by QD Vision,
which is more energy efficient than alternative color conversion
technologies currently available, the new monitors offer far superior
color performance than those available with such alternative
technologies, and at very competitive prices. Wide color gamut
technology is considered essential for companies to remain competitive
in important technical fields ranging from medical diagnostics to
e-commerce, while providing a major boost in energy efficiency. At the
same time, QD Vision’s quantum dot technology is friendlier to the
environment than the indium-based or “cadmium-free” quantum dots
technology being pursued by other companies.

QD Vision is responding to a statement issued yesterday as part of an
ongoing public relations campaign by Nanoco to have cadmium
selenide-based quantum dots excluded from the EU market despite
statements by both Parliament and the Commission that Exemption 39
remains valid at this time. Nanoco continues its efforts to have
products using its indium-based quantum dot technology introduced into
the EU display market, but there are none to date. In the first quarter
of this year, Samsung introduced televisions based on indium phosphide
in the European market.

In May of this year, the European Parliament asked the European
Commission to review a recent decision to extend QD Vision’s exemption
for using cadmium selenide based on its solution’s energy efficiency and
a lack of competitive alternatives. According to the Commission, that
review is underway according to the process prescribed by the
Parliament, which also stated that, in the meantime, their
recommendation should introduce “no market disruptions.” Claims by
Nanoco that the exemption was stopped by the Commission and Parliament
are incorrect and misleading.

“We look forward to a swift technical assessment of the alternatives in
this exciting segment – one that will plainly demonstrate that safe and
energy-efficient cadmium selenide quantum dots are the only competitive
solution for Europe,” said Mustafa Ozgen, CEO of QD Vision. “I don’t
think any potential competitor intentionally attempted to mislead the
European Parliament by their filings, but they seem to be unfamiliar
with the significant advantages of the cadmium selenide-based quantum
dots product in color, energy efficiency and environmental friendliness
and the inability of alternative products to match these important
performance characteristics.”

The Philips monitor is the first quantum dot based monitor in the market
today. There is currently no monitor in the market using indium quantum
dots. Televisions based on QD Vision’s quantum dot technology have been
on the market since 2013.

About QD Vision, Inc.

QD
Vision
, Inc. is a leader in quantum dot display technology for QLED
displays. Quantum dot technology is a superior next-generation
alternative to OLED displays, providing unparalleled color
representation at a highly competitive LCD cost structure. Color IQ
quantum dot technology from QD Vision provides a unique optical
component solution capable of delivering “full-gamut” color to the
display industry. Founded in 2004, the company has raised more than $100
million in financing from top-tier venture capital firms and is
headquartered in Lexington, Massachusetts. http://www.coloriq.com

COLOR IQ, QLED, and QD VISION are trademarks of QD Vision, Inc. The
COLOR IQ and QD VISION trademarks are registered in one or more
countries.

Contacts

For QD Vision:
Media:
Michele Dempsey, 781-652-7525
mdempsey@qdvision.com