logo
Share SHARE
FONT-SIZE Plus   Neg

Merck KGaA Buys Interest In Israeli Start-up QLight Nanotech - Quick Facts

Merck KGaA (MKGAY.PK) said it is acquiring an interest in Israeli start-up company QLight Nanotech. QLight Nanotech is a spin-off subsidiary of Yissum, the technology transfer company of the Hebrew University of Jerusalem.

With this investment Merck will hold an equity stake in the Israel start-up company. Further financial details were not disclosed.

Merck's investment would help the company to accelerate the development of quantum dot-based technology for new applications. Upon the achievement of R&D milestones, Merck could further raise its stake in Qlight Nanotech, as well as develop and commercialize the new products in its Performance Materials division.

The deal is expected to close in the second quarter of 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Internet video service Sling TV, on Wednesday said HBO would be available in time for the "Game of Thrones" and "Silicon Valley" season premieres on April 12, but did not specify a launch date. Memory chip maker Micron Technology, Inc. said Wednesday after the markets closed that its second quarter profit rose 28% from last year, helped by higher sales and lower income tax expenses. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales. Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry.
comments powered by Disqus
Follow RTT