LONDON Yissum Research Development Company Ltd., the technology transfer operation of the Hebrew University of Jerusalem, has said it has made an agreement with chemical and pharmaceutical company Merck KGaA (Darmstadt, Germany).
The agreement is for research and development collaboration between Merck and Yissum's spin-off, QLight Nanotech Ltd., for the joint development of semiconductor nanoparticle technology for use in displays. The display technology, which is predicted to be applicable to large-size panels such as TV walls, was invented by Professor Uri Banin from the Institute of Chemistry and the Center for Nanoscience and Nanotechnology at the Hebrew University of Jerusalem.
Under the terms of the agreement, Merck will license QLight Nanotech's semiconductor nanoparticle technology for optical applications and will sponsor an R&D program to be conducted by QLight Nanotech over the next three years. The amount of funding was not disclosed.
Flat-screen displays are ubiquitous in computer and television screens, and are mainly manufactured based on liquid crystal technology (LCD). Yissum claimed that QLight Nanotech's new technology will enable the development of both flexible and very large displays, including advertising displays, large-scale video and TV walls. QLight Nanotech's semiconductor nanoparticles technology will enable allow high brightness and low energy consumption, the company added.
QLight Nanotech will contribute its experience in nanoparticle research and Merck will contribute its expertise in the specialty materials field and in large-scale production of chemicals, which will be used for producing large quantities of the nanoparticles developed at QLight Nanotech.
"We are very pleased to partner with Merck, the world leader in liquid crystal materials for display applications," said Yehuda Yarmut, executive vice president of Yissum, in a statement.
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