Nanosys Inc., and NAGASE & CO., LTD. announced the commencement of a worldwide sales distribution agreement.
Under the agreement, NAGASE is exclusively authorized to distribute Nanosys Quantum Dot materials for various applications worldwide.
According to DSCC’s Annual Quantum Dot Display Technology & Market Outlook report, Quantum Dot display panel shipments are expected to grow from 10.6 million units in 2020 to 28 million units by 2024, a 27.5% compound annual growth rate.
Together, Nanosys and NAGASE will accelerate the growth of the Quantum Dot market.
“NAGASE’s large, globally distributed professional sales force is a key enabler for the future growth of Nanosys. We are convinced that NAGASE will be able to significantly contribute to reaching our goal of rapidly ramping the sale of quantum dot materials from historic double-digit growth to an even more accelerated pace,” said Russell Kempt, Nanosys’ VP of worldwide sales and marketing. “Having one of the largest, most capable, customer-facing distributors working with Nanosys will be a significant advantage going forward.”
“We are honored to introduce Nanosys’ cutting edge Quantum Dot display solutions to our customers. Nanosys provides an innovative break-through solution for all players who seek to achieve improved color performance, brightness and added value to their display product offerings," added Takeshi Takada, GM of the Electronics Department from NAGASE. "We are also looking forward to enabling new uses of quantum dot materials in other applications and industries through this new partnership.”
