QD Vision in Pact With BASF To Develop LCD Backlight for Rec. 2020 Wide Color Standard

QD Vision procured $22 million in new funding from new and existing investors and will use the money toward “further development of intellectual property inventions and to support the company’s accelerating growth,” the quantum dot technology supplier said Monday. QD Vision also announced a new joint development agreement with one of its key investors, BASF Group, for a quantum dot-enhanced backlight and a color filter for use in LCD displays, the company said. QD Vision and BASF “will target growing demand for wide color gamut technologies, particularly those focused on achieving the Rec. 2020 color standard,” it said. “Wide color gamut technology will enable displays to show millions more colors than today’s UHD or 4K displays.”