Shoei Chemical Acquires Quantum Dot Business from Nanosys

Shoei Chemical, Inc., a leading advanced materials manufacturer, announced today that it, together with its North American subsidiary, Shoei Electronic Materials, Inc. (Shoei), has completed a definitive asset purchase agreement with Nanosys, Inc. (Nanosys) to acquire substantially all the assets associated with the Nanosys quantum dot business.

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Nanosys Announces Martin Devenney as New CEO

Silicon Valley, CA – May 10, 2023 – Nanosys, a leader in the development and commercialization of quantum dot technology, today announced Dr. Martin Devenney, Nanosys’ former Chief Operating Officer and Senior Vice President of Manufacturing, has been named Chief Executive Officer. Jason Hartlove, the CEO since 2008, has stepped down from his daily operations role. After leading the company through a period of significant growth and success, Hartlove has decided to pursue other interests. He will remain on the Board of Directors as one of the largest shareholders and continue to serve as a strategic advisor to Nanosys.

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Nanosys and Shoei Chemical Announce Quantum Dot Supply Agreement to Serve Rapidly Growing Quantum Dot Display Market

Nanosys and Shoei Chemical today announced that the companies have entered into a Quantum Dot materials supply and service agreement. Under the agreement, Shoei Chemical will manufacture Nanosys’ proprietary Quantum Dot materials exclusively for Nanosys.

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Nanosys Receives DOE Building Energy Efficiency Frontiers & Innovation Technologies (BENEFIT) Funding Award

The U.S. Department of Energy (DOE) announced $74 million for selected projects to research, develop, and test energy-efficient and flexible building technologies. Nanosys is one of five projects selected that support key scientific advancements in solid-state lighting technology. The company has been selected by the DOE to develop heavy-metal-free InP-based quantum dots (QDs) to endure the high-flux requirements of LEDs.

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