Quantum Materials acquires patents from German company
By: Christopher Calnan, Staff Writer, Austin Business Journal
Wednesday, August 20, 2014
Quantum Materials Corp. has bought five sets of patent families from Germany-based Bayer Technology Services GmbH.
The San Marcos-based company disclosed Wednesday that the patents provide broad intellectual property protection for Quantum Materials’ (OTCQB: QTMM) advances in economical, high-volume quantum dot manufacturing, according to a company statement.
Financial terms of the deal were not disclosed.
Quantum Materials was founded in 2008 and also has sales and marketing staff on the ground in California. The company commercializes quantum dots that act as semiconductors for nanotechnology.
In May, company officials revealed plans to immediately hire four workers and more than double its workforce after installing equipment to ramp up production of quantum dots in June. The additional equipment was expected require the hiring of another seven to 10 employees, CEO Stephen Squires said at the time.
All of the new workers would be based in San Marcos, he said.
Last year, Quantum Materials relocated its tetrapod quantum dot laboratories to San Marcos’s STAR Park. The park – named after its focus on science, technology and academic research – is a nonprofit incubator that works in cooperation with Texas State University.