The Dow Chemical Company (DOW) has recently announced to start its own large-scale production of world’s first cadmium-free quantum dot electronic applications at its Cheonan South Korea site,. The unit, scheduled to commence production from the first half of 2015, will manufacture quantum dot televisions and related applications on a large scale to meet the increasing demand.
Following the announcement, shares of Dow Chemical rose 1.4%. The stock is up around 23.3% so far this year.
Dow’s TREVISTA Quantum Dots will offer superior quality television display and is a better option for customers who want to shift from cadmium for a more sustainable appliance. The technology will usher in a whole new system of color on televisions and other electronic displays with 50% color intensification on conventional LCDs. TREVISTA Quantum Dots comes with significantly rich color saturation along with a broad color palette. Moreover, Dow will be using Nanoco’s proprietary molecular-seeding technology to increase production at the new manufacturing unit.
The company’s business unit, Dow Electronic Materials previously entered into a global licensing agreement with Nanoco Group Plc on Jan 23, 2013 for Nanoco’s cadmium-free quantum dots technology. According to the deal, Dow Electronic materials had exclusive worldwide rights to sell, market and manufacture Nanoco’s cadmium-free quantum dots for use in electronic displays.
Dow Chemicals currently carries a Zacks Rank #4 (Sell).
Some better-ranked companies worth considering in the chemical space include LyondellBasell Industries N.V. (LYB), Akzo Nobel NV (AKZOY) and PPG Industries Inc. (PPG). While LyondellBasell sports a Zacks Rank #1 (Strong Buy), Akzo Nobel and PPG have a Zacks Rank #2 (Buy).
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