Qlight Nanotech

Company Overview

Snapshot

Founded in March 2007 by Uri Banin, Qlight Nanotech operated with 1–10 employees. The company was acquired by Merck in June 2015, marking a significant exit in the industrial technologies sector.

Business overview

Qlight Nanotech specialized in developing semiconductor nano-crystals designed for efficient light conversion from UV and blue wavelengths to other visible spectrum wavelengths. These nano-crystals offered high energy efficiency and cost savings for solid-state lighting (LED) systems, flat panel displays, and various other optical applications. The company’s solutions were engineered for seamless integration with existing system materials, devices, and processes, aiming to reduce costs and optimize product quality across multiple industries, particularly within the industrial technologies sector.

Strategic signal

In June 2015, Qlight Nanotech was acquired by Merck, signifying a successful exit and the integration of its quantum materials technology into a larger multinational entity. This acquisition validated Qlight Nanotech's innovative approach to semiconductor nano-crystals and their potential impact on display and lighting technologies, indicating a strategic move by Merck to enhance its portfolio in advanced materials.

Company Intelligence Q&A

When was Qlight Nanotech acquired?

Qlight Nanotech was acquired by Merck in June 2015.

What was a key technological innovation from Qlight Nanotech?

In March 2007, Qlight Nanotech developed quantum materials aimed at improving brightness on display screens, leveraging advancements in LED, semiconductors, and nanotechnology.

Which company increased its stake in Qlight Nanotech?

In November 2013, Merck increased its stake in Qlight Nanotech.

What type of funding did Qlight Nanotech receive in May 2014?

In May 2014, Qlight Nanotech received a grant from the Office of the Chief Scientist.