BRIEF

on QNA Technology SA (isin : PLQNTHL00017)

QNA Technology SA: Positioned for Growth in Quantum Dot Market

First Berlin Equity Research has initiated coverage of QNA Technology SA, assigning a "Buy" rating with a target price of PLN 51, indicating a 43% upside. QNA Technology is advancing in the production of cadmium-free blue quantum dots (QDs), a key element for the next-generation QDEL displays. These nanomaterial semiconductors offer superior optical properties, with significant applications in the display industry valued at over USD 150 billion.

QNA is one of only three companies globally focused on cadmium-free blue QDs. This positions the company as a potential leader in the transition to QDEL displays, expected to gradually replace OLED displays in the coming decades. With optimized QDs for client environments, QNA is predicted to integrate into the QDEL supply chain and achieve strong revenue growth leading up to QDEL's anticipated launch between 2029 and 2030.

R. H.

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