TOKYO--(BUSINESS WIRE)--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. As of September, 6, 2023, Nanosys’ sales and marketing teams, the world-class quantum dot research and development team, and its Silicon Valley, California laboratories are now part of Shoei.

Quantum dots, a key enabling technology for next-generation displays including MiniLEDs, QD-OLEDs and electroluminescent NanoLEDs, represent an exciting growth opportunity for Shoei Chemical.

With this acquisition, Shoei Chemical strengthens its position as a key player in the advanced materials industry, while Nanosys, as a part of Shoei, will continue to lead the way in innovating state-of-the-art quantum dot technology and providing top-quality quantum dot materials to its customers and partners worldwide. The combination of Shoei Chemical's extensive manufacturing capabilities and Nanosys' unmatched expertise in quantum dot technology is expected to bring about a new era of growth and advancements in quantum dot technology.

"Nanosys has been at the forefront of quantum dot technology, and we are thrilled to welcome them into the Shoei Chemical family," said Mr. Shuichiro Asada, President of Shoei Chemical, Inc. "This acquisition represents a pivotal moment in our journey to accelerate growth and deliver greater value to our customers. We are confident that the synergy between our companies will drive unparalleled innovations in the quantum dot materials market."

Shoei will continue to operate the Nanosys brand, retaining its identity as the premier supplier of quantum dot materials. Existing customers can expect the same level of excellence in products and services they have come to rely on, with the added benefit of access to Shoei Chemical's expanded capabilities and resources.

“In Shoei Chemical, we have found a partner who not only shares the same values as Nanosys but also has the necessary scale to successfully drive this business to the next level for the benefit of our customers and employees,” said Dr. Martin Devenney, CEO of Nanosys. "Retaining our brand identity while benefiting from Shoei's manufacturing capabilities has proven to be a winning formula for our customers and the industry. Together, we will continue to lead the way in delivering cutting-edge quantum dot materials."

Shoei Chemical and Nanosys have worked closely over the past four years and are committed to a seamless integration process with no disruption for customers, suppliers, and stakeholders.

About Shoei Chemical

The strength of SHOEI CHEMICAL INC. lies in its unrivaled technical capabilities backed by a long history. With the principle of having a business run by a select few, we have pursued high-value-added work. Our primary focus is to enhance the research and development environment. We take pride in our world-leading production and R&D base for metal nanoparticles, with analytical instrumentation and experimental production equipment.

For years, we have met stringent requirements for quality one by one to earn the tremendous trust of customers with our products. We are global industry leaders in various types of electronic materials. As a leading company in advanced materials, we are committed to achieving continued growth. For more information, visit: https://www.shoeichem.co.jp/

About Nanosys

Nanosys, Inc. is the innovation and volume leader in developing and delivering quantum dot (QD) technology to the display industry. As of 2023, industry-leading consumer electronics brands have shipped over 70 million devices in over 1,000 unique products, from tablets to monitors and TVs, based on Nanosys’ proprietary quantum dot technology. Nanosys’ growth acceleration is driven by the adoption of QD technologies in displays, which is expected to grow at a double-digit CAGR over the next four years. Founded and headquartered in California’s Silicon Valley, it operates a state-of-the-art quantum dot nanomaterials development lab and has a robust and attractive intellectual property portfolio. The company owns or has exclusive license rights to over 800 issued and pending patents worldwide, enabling it to serve customers seamlessly across the display supply chain and product market and pursue long-term growth opportunities beyond display. For more information: www.nanosys.com

Contacts

Jeff Yurek, [email protected]