Nanotechnology Now - Press Release: Nanosys Launches New Solar Photovoltaic Division, QD Soleil™

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Abstract:
QD Soleil ™ Uniquely Poised to Exploit Nanotechnology in Grid Parity Solar Panel Applications

Nanosys Launches New Solar Photovoltaic Division, QD Soleil™

Palo Alto, CA | Posted on May 11th, 2009

Nanosys today announced the creation of QD Soleil™, a wholly owned division focused on the use of its proprietary nanotechnology in solar panel cell designs. Nanotechnology is the next step in the natural evolution of a solar generated grid-ready energy supply.

QD Soleil's intellectual property is a seminal estate that includes over 500 patents and patent applications. This technology has been refined over many years by Nanosys and exploits the best in class inorganic material compositions, processing and integration chemistries, and includes the most stable nanomaterial formulations known. Applications of the technology and intellectual property are broad and include additive enhancement layers for light conversion engineering, nano-particle inks, light waveguide concentrators and nanomaterial composites for enhancing overall solar cell efficiency. Nanosys is considering strategic options to maximize the value of QD Soleil, including possible sale to a large photovoltaic manufacturer. QD Soleil is now meeting with potential partners and parties interested in acquiring a substantial footprint in nanotechnology for photovoltaics.

"Based on the current administration's energy focus, the U.S. is likely to grow into the largest installed market of solar panels in the world over the next five years," commented Nanosys CEO Jason Hartlove . "Nanosys is one of the world's leading nanotechnology companies, with a consolidated position in inorganic nanotechnology, and significant product launches in other areas such as green lighting this year. Therefore, we believe that QD Soleil can focus and execute more effectively as a separate division."

"It's an exciting time for QD Soleil to engage with larger companies best poised to fully exploit seminal IP, know-how and critically enabling technologies," said Vijendra Sahi , VP and GM of the QD Soleil division. "We are particularly excited because we can utilize much of the technology base and materials now being launched in products by Nanosys."

"The acquisition of QD Soleil would be an ingenious way, especially in this environment, to take a focused approached to innovation and R&D," said Josh Wolfe, co-founder and Managing Partner of Lux Capital. "Furthermore, so significant is the QD Soleil patent portfolio and know how that it could be extremely valuable to any entity contemplating nanotechnology in solar today."

For more information about Nanosys, visit the Company's website at www.nanosysinc.com . For more information about QD Soleil, visit QD Soleil's website at www.qdsoleil.com

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About QD Soleil
Nanotechnology's importance to the solar industry has grown rapidly with the realization that rational design and control of nanoscale materials will fundamentally improve the economics of photovoltaic energy systems. Based on low manufacturing cost and efficiency-boosting capabilities, it is clear that nanotechnology will be a critical component of the next generation grid-ready energy supply.

QD Soleil is a wholly owned subsidiary and former solar division of Nanosys, the world's pre-eminent nanotechnology materials company. Nanosys is based in Palo Alto , CA and since 2001 has developed a variety of nanotechnology-based products, including several solar energy technologies. QD Soleil is able to significantly leverage the technology base of Nanosys for many disruptive solar applications. In addition, QD Soleil controls an IP estate of over 500 patents and patent applications on nano-enabled solar, with fundamental patents related to the materials, processing, and use of nanotechnology in solar. This underlying technology has been rigorously developed, refined and successfully demonstrated in many products and is now available for deployment in solar.

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Contacts:
QD Soleil Contact:
Vijendra Sahi, VP and GM QD Soleil
Tel: 650-906-9230

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