Insta

Assam: US Firm To Manufacture Quantum Dot Driven Solar Cells In Association With State PSU AMTRON

Swarajya Staff

Nov 22, 2018, 03:15 PM | Updated 03:15 PM IST

Solar Panels (By AleSpa Via Wikimedia Commons)
Solar Panels (By AleSpa Via Wikimedia Commons)

United States based firm Quantum Materials Corporation (QMC) has signed an agreement with Amtronics CC for development and commercial manufacture of ultra-high definition display panels (UHDTV), solid state lighting (SSL) LEDs and quantum dot driven thin-film solar cells (QDSC) in Assam, Mercom India has reported.

The necessary bank guarantees for moving the project to completion is being provided by Assam Electronics Development Corporation Limited (AMTRON), a public sector undertaking of Assam government.

Under the terms of the agreement, QMC will get an immediate upfront license fee of $1 million in addition to technology development funding, scheduled milestone payments and royalties on all quantum dots solar cells production.

Amtronics CC and AMTRON have formed a joint venture, Qamronics India PVT, for the production of quantum dots solar cells, with its operations based in Assam.

The 12,000 square feet production facility focused on nanotechnology will be established as the anchor project within the electronics manufacturing cluster in the Guwahati Tech City.

President and chief executive officer (CEO) of QMC, Stephen B. Squires said, “We are extremely pleased to partner with Amtronics CC and Amtron as they establish the necessary infrastructure to support large scale thin-film, quantum dot based solar cell production in Assam India using QMC patented technologies.”

Managing Director of Amtronics CC, George Anthony Balchin, stated the company will be providing initial funding of $20 million for building the facility, purchasing equipment for process and production, training and initial working capital.


Get Swarajya in your inbox.


Magazine


image
States