SAN MARCOS, Texas, Oct. 1, 2014 /PRNewswire/ -- Quantum Materials
Corp (OTCQB:QTMM) today announced that it is scaling volume
production of photoactive quantum dots for use in next-generation
photovoltaic solar power technologies. While offering numerous
advantages for solar power generation, the high cost and difficulty
of producing large quantities of quantum dots with which to develop
thin film solar cells has until now kept them from commercial
utilization and acceptance. The company is also seeking partners
for pilot thin-film quantum dot solar cell factories with Quantum
Materials' automated quantum dot production system supplying the
material necessary to support daily runs of continuous roll-to-roll
thin film production.
The environment for solar advances is reaching an investment
capital 'tipping point' as highlighted by the recent pledge by the
Rockefellers, who made their vast fortune on oil, to divest a total
of $50 billion from fossil fuel
investments and focus on supporting alternative energy solutions.
They have joined some 650 individuals and 180 institutions,
including 50 new foundations, which hold over $50 billion in total assets, that have pledged to
divest from supporting fossil fuels over five years since the
divestment movement launched three years ago.
"Cost-effective volume production of photoactive quantum dots
will create the foundation for invigorating capital investment and
adoption of solar energy technologies as thin-film photovoltaics
drive down relative cost-per-watt ratios," said Quantum Materials
Founder and CEO Stephen Squires.
"Without subsidies solar energy has not been an attractive
investment for business and residential markets and as a result
adoption in countries that have not aggressively subsidized solar,
like the United States, has been
stillborn since 2008. With our recent patent award and patent
acquisitions we now have the IP protection underlying our high
volume photoactive quantum dots production processes that will
drive significant cost reductions for thin film solar cells and
increase non-subsidized solar energy adoption."
The recent issuance of Quantum Materials' Republic of China (Taiwan) patent - 'Hybrid Organic Solar
Cells with Photoactive Semiconductor Nanoparticles Enclosed in
Surface Modifiers' - combined with other recent patents acquired
from Bayer AG provide Quantum Materials the robust intellectual
property protection needed to bring their optimized photoactive
quantum dot solar cell materials to market. The Bayer patents
incorporate broad descriptions of materials, fundamental design of
quantum dot solar cells and processes for manufacturing them and
enhance Quantum Material's technology portfolio in printing Quantum
Dot displays, solar cells and other printed electronic devices by
gravure or high-speed roll-to-roll. The company is seeking partners
with which to utilize proprietary materials and processes to drive
next generation thin-film solutions.
About Quantum Materials Corp
Quantum Materials Corp
develops and manufactures Tetrapod Quantum Dots for use in medical,
display, solar energy and lighting applications through its
patent-pending volume production process. QMC's volume
manufacturing methods enable consistent quality and scalable cost
reductions to drive innovative discovery to commercial success.
(www.qmcdots.com) Wholly-owned subsidiary Solterra Renewable
Technologies develops sustainable solar technology by replacing
silicon wafer-based solar cells with high-production, low-cost,
efficient and flexible thin-film quantum dot solar cells.
(www.solterrarenewable.com)
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995
This press release contains forward-looking statements that involve
risks and uncertainties concerning business, products, and
financial results. Actual results may differ materially from the
results predicted. More information about potential risk factors
that could affect our business, products, and financial results are
included in our annual report and in reports subsequently filed
with the Securities and Exchange Commission ("SEC"). All documents
are available through the SEC's EDGAR System at http://www.sec.gov/
or www.QMCdots.com. We hereby disclaim any obligation to publicly
update the information provided above, including forward-looking
statements, to reflect subsequent events or circumstances.
Contact:
Business Inquiries:
Art Lamstein
Director of Marketing
415.609.4969
artlamstein@QMCdots.com
Media:
Rich Schineller
941.780.8100
rich@prmgt.com
Investor Relations:
Clay Chase
SD Torrey Hills Capital
858 456-7300
cc@sdthc.com
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SOURCE Quantum Materials Corp