22 May 2012 13:46 [Source: ICIS news]
LONDON (ICIS)--Merck is taking a stake in Israeli start-up company Qlight Nanotech to gain access to new display and lighting technologies, the Germany-based specialty chemicals and pharmaceuticals firm said on Tuesday.
Qlight Nanotech develops products for use in displays and energy-efficient light sources based on semiconductor nanoparticles known as quantum dots. The company is a spin-off subsidiary of Yissum, the technology transfer company of the Hebrew University of Jerusalem.
“Our investment into Qlight Nanotech reflects our belief in the promise of the new technology based on quantum dot materials, particularly for the next generation of displays,” said Volker Hilarius, a director of Merck’s Technology Office Chemicals business.
Merck is taking the stake as part of a capital increase by Qlight Nanotech. It did not disclose the size of the stake or other financial details.
However, Merck added it may further increase its stake in Qlight Nanotech, as well as develop and commercialise new Qlight products in its performance materials division.
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