Nanosys Announces Martin Devenney as New CEO

2023-05-10 19:22

SILICON VALLEY, Calif.--(BUSINESS WIRE)--May 10, 2023--

Nanosys, a leader in the development and commercialization of quantum dot technology, today announced Dr. Martin Devenney, Nanosys’ former Chief Operating Officer and Senior Vice President of Manufacturing, has been named Chief Executive Officer. Jason Hartlove, the CEO since 2008, has stepped down from his daily operations role. After leading the company through a period of significant growth and success, Hartlove has decided to pursue other interests. He will remain on the Board of Directors as one of the largest shareholders and continue to serve as a strategic advisor to Nanosys.

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Dr. Martin Devenney, Nanosys CEO (Photo: Business Wire)

Devenney has a wealth of experience in the technology and materials industries, having served in various executive leadership roles at Calera and Symyx Technologies. He joined Nanosys in 2015 and has played a vital role in the company's growth and success over the last seven years leading the scale-up and mass production of quantum dots. He has been instrumental in building the production capacity and supply chain to serve more than 1,000 unique display products with over 140,000 kilograms of Nanosys quantum dot technology.

"I am excited to take on this new role and lead Nanosys through its next phase of growth and innovation. We are incredibly grateful for Jason's contributions to Nanosys. Under his leadership, we accomplished mass market adoption of quantum dots, and his vision and passion for the technology were instrumental in driving the company's success," said Devenney. “I look forward to working with our team and our global partners to build on our success enabling hundreds of quantum dot enabled display products from major consumer electronics brands."

"Over the last three years, Martin has led the successful scale-up of our quantum dot manufacturing. The company is well positioned to continue leading the development of the next generation of quantum dot products and technologies," said Jason Hartlove, outgoing CEO. "I am confident that Martin's leadership, combined with the exceptional team we have at Nanosys, will drive the company's continued growth and success," he added.

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 fab 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

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Jeff Yurek,jyurek@nanosysinc.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

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SOURCE: Nanosys, Inc.

PUB: 05/10/2023 07:00 AM/DISC: 05/10/2023 07:00 AM

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