Nanosys and Samsung have formed a strategic alliance and licensing arrangement to accelerate the development of commercial applications of nano-architected materials for the electronics and thin-film solar markets.
Under the terms of the deal, Samsung Electronics will contribute funding and resources to codevelop products using Nanosys technologies. Samsung Venture Investment Corp. will make a $15 million equity investment in the nanotechnology company, along with an additional $10 million to be contributed by venture firms including Arch Venture, Polaris, Venrock, and El Dorado.
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“We believe that working closely with Nanosys will help us to develop exciting new products for our customers that will address needs in the world’s largest markets across a number of technologies,” said Seungho Ahn, senior VP of Samsung Electronics’ Intellectual Property Center.
Samsung has said it plans to invest at least $6 billion in solar PV manufacturing-related capital expenditures over the next decade. Although the company’s initial PV activities are based around crystalline-silicon production, officials have said it would be exploring business opportunities in the thin-film sector, so the Nanosys deal comes as no surprise.
