Quantum Materials to Showcase Technology Exceeding 90% of Rec.2020 Color Space

Quantum-dots technology supplier Quantum Materials is close to being able to demonstrate to potential OEM clients its “remote phosphor, cadmium-free QD-LED solution” for large-screen TVs capable of rendering in excess of 90 percent of the Rec.2020 color space, said CEO Stephen Squires Wednesday in a presentation to shareholders. It’s trying to get the technology to work in a 65-inch display for demo to “OEM groups” in February, he said. The company was hoping to showcase the technology at CES “and worked many late nights to try to accomplish this,” but in the end decided to wait to “get this technology just right” for its public debut, he said. “I’ll be the first to admit that the company has experienced several false starts over the past as we have attempted to commercialize our nano-material platform,” he said. “This has certainly been a difficult journey for all of us” who work at the company, and “an arduous journey for our shareholders as well,” he said. The company has moved “into a position that will allow us to finally fund the anticipated scale-up and commercialization of this disruptive technology,” he said. Various missteps in recent years caused investors to abandon the stock in droves. The stock jumped 23 percent higher Wednesday, closing at only .033 cents a share.