The Dow Chemical Company (DOW) has declared that it is partnering with LG Electronics (“LG”) for providing cadmium-free quantum dot technology in LG’s new Ultra HD TV with quantum dots, which was introduced at the Consumer Electronics Show 2015 in Las Vegas.
According to In-kyu Lee, senior vice president and head of the TV and monitor division at LG Electronics Home Entertainment Company, collaboration with Dow will enable LG to enjoy the benefits of both Dow’s large-scale manufacturing facility and its knowledge expertise. On the other hand, Dow is also hopeful about this venture as it will enable the company to meet the requirements of the market as well as consumers.
The quantum dot technology will be in consistent supply from Dow and thus facilitates LG to plan its requirement. This technology has also enabled LG to equip its latest LCD TVs with superior picture quality. Further, this positions LG as a global supplier of the most diverse and innovative TV display technologies in the industry.
Dow’s quantum dot technology, featuring brilliant color displays, is licensed from Nanoco Group plc (Nanoco). This followed a global licensing agreement signed between Dow and Nanoco back in Jan 2013 for the latter’s cadmium-free quantum dot technology.
Dow thus has the exclusive global license for the selling, manufacturing and marketing of the cadmium-free quantum dot technology in electronic displays. The manufacturing process uses Nanoco’s patented, molecular-seeding technology, allowing high-volume production.
Dow is a Zacks Rank #3 (Hold) stock.
Better-ranked companies in the diversified chemical space include Kronos Worldwide, Inc. (KRO), Air Products & Chemicals Inc. (APD) and Johnson Matthey plc (JMPLY). While Kronos Worldwide sports a Zacks Rank #1 (Strong Buy), both Air Products and Johnson Matthey carry a Zacks Rank #2 (Buy).
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