SAN MARCOS, Texas, Nov. 5, 2014 /PRNewswire/ -- Quantum
Materials Corp (OTCQB:QTMM) today announced it has signed an
agreement with STAR Park that will quadruple the Company's Quantum
Dot production space when the new state-of-the-art lab and offices
are completed on or before June 2015.
The Company is also recruiting to double its scientific staff
effective January 2015.
"It is extremely gratifying that our work is meeting with
industry acceptance from some of the most technologically advanced
companies in the world," said Quantum Materials Founder and
CEO Stephen Squires. "Our expansion demonstrates our
commitment to meet the demands of next-generation television and
display, solid-state lighting and solar energy manufacturers. We
will be bringing to San Marcos top
scientists and chemists to develop non-heavy metal tetrapod quantum
dots and thick-shell technology to optimize them for each client's
purpose and to their true commercial potential."
In a recent Reuters News article Samsung and LG Display
discussed the use of quantum dots to create the next-generation
Ultra High Definition televisions rather than Organic Light
Emitting Diodes (OLED). In the article an industry analyst
estimates that a 55-inch quantum dot TV would only cost consumers
about 35 percent more than a current LCD TV, while an OLED TV could
be 5 times more expensive. Quantum Materials' patented and
automated process for quantum dot manufacture can further reduce
manufacturer's costs through economies of scale.
At this time, there are a few heavy metal (Cadmium-based)
quantum dot televisions on the market. Quantum Materials is aware
of ecological concerns about Cadmium and is currently developing
non-heavy metal (NHM) quantum dots under Company-owned patents for
the Ultra High Definition display market. Industry research has
shown NHM quantum dots to be environmentally friendly but have yet
to demonstrate NHM quantum dots of a quality, quantity, reliability
and price necessary to justify industrial production. The company
believes these problems will be overcome with our current
intellectual property, automated processes and top scientific
personnel.
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/ orwww.QMCdots.com. We hereby
disclaim any obligation to publicly update the information provided
above, including forward-looking statements, to reflect subsequent
events or circumstances.
Contacts:
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