January 6, 2012
FSE Authorization Document Accepted
As of today, BAFin, the German Financial Authority has accepted our prospectus (downloadable on our website in German) allowing us to proceed with our open market listing at Frankfurt Stock Exchange (FSE). BAFin has authorized the trading of all shares outstanding. Currently the number of shares outstanding is 149,927,692. The announcement is in accordance to § 14 paragraph 3 sentence 2 WpPG. The FSE prospectus is a single document according § 6 WpPG since January 6, 2012.
Quantum has also publicized this authorization in accordance to FSE regulations in the German financial publication Handelsblatt.
A stock ticker designation and final listing is forthcoming.
January 6, 2012Quantum Solar Power Ends Consulting Agreement
VANCOUVER, BC, CANADA--(Marketwire - Jan 6, 2011) - Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) has terminated its consulting agreement with Pristine Capital Corp. ("PCC").
Effective December 30, 2011, Quantum terminated the consulting agreement with PCC. The consulting agreement was effective December 1, 2011 and was for a term of 3 months. Under the terms of the consulting agreement, PCC agreed to provide investor relations consulting services to Quantum. In consideration of PCC's consulting services, Quantum was to pay $100,000 CDN including HST to PCC at the beginning of each month that the consulting agreement was in effect. Quantum decided to cancel the consulting agreement in order to focus its resources on developing its "Next Generation Device" (NGD™) photovoltaic technology. Quantum was permitted to terminate the consulting agreement without cause and did not incur any early termination penalties.
Forward-Looking Statements: This news release contains forward-looking statements regarding future events and Quantum's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") and constitute "forward looking information" within the meaning of U.S. securities laws. These statements include statements about Quantum's planned technological development plan and are based on material factors and assumptions including Quantum's management's current expectations, estimates, forecasts, and projections about the industry in which Quantum operates and the beliefs and assumptions of Quantum's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Quantum's future financial performance, Quantum's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including the risk that Quantum's technological development plan may not be successful, and those risks identified in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2011. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Quantum undertakes no obligation to revise or update any forward-looking statements for any reason.
Erik O. Cathcart
Media Relations Contact
Quantum Solar Power Corp.
+1 (604) 681-6311
November 17, 2011
From the CEO
Our diligence to complete our filing with the FSE in Frankfurt, Germany has paid off, and is now complete. We expect the listing to be formalized in early December, placing us officially on a European market.
Given our experiences to date with group investor presentations I have decided to refocus our approach and will instead work with introductions to high net worth (HNW) individuals to raise further capital investment in Europe. In addition I have initiated conversations with several equipment and manufacturing companies in anticipation of an NREL certification of our NGD™ technology. Therefore, for now we are putting a hold on our plans for a formal investor roadshow in Europe until we receive certification.
I also want to mention that we are continuing to subtley raise public consciousness of Quantum and our research efforts by leveraging my name and experience in the solar industry. The most recent exercise was an article published in my name (co-authored by Erik Cathcart) that discusses the failure of Solyndra. The focus of the article was to highlight the positive aspects of recent solar industry fallout, especially for our segment - thin-film. The article received coverage at several online renewable energy blogs (two links on the left). The purpose of this is to establish Quantum as a voice in the solar energy industry and gain a seat at the metaphorical table, so when the time comes to make our technology announcement we will already be a recognized entity.
KAUST signs solar tech agreement
by Utilities ME Staff on Oct 11, 2011
KAUST signs solar licence agreement. (Getty Images)
Saudi Arabia's King Abdullah University of Science and Technology (KAUST) has inked a licence agreement with the University of Toronto for rights to a new solar power technology.
Developed by Dr Edward Sargent, Canada research chair in nanotechnology at the University of Toronto, the quantum dot solar cell technology uses quantum dots to convert the sun's power efficiently into electrical energy.
Dr Sargent's work has been funded by KAUST since 2008 as part of its global collaborative research programme, according to a report published by state news agency SPA.
KAUST said the technology has made great strides towards the goal of breaking the present-day constraining paradigm between high efficiency and low cost in solar cells.
On April 15, 2008, QV, Quantum Ventures, Inc. (the "Registrant") entered into a License agreement ( "The Agreement") with Canadian Integrated Optics International Ltd. of Douglas, Isle of Man (CIOI), to manufacture and market CIOI's patent pending solar technology based on an optical rectenna. On May 7, 2008 the Agreement was subsequently Amended and executed by CIOI and on May 16, 2008 the agreement was executed by QV, Quantum Ventures, Inc. Closing of this agreement will occur on or about June 16, 2008 and is subject to certain terms and conditions. The Purchase Price for the license shall be paid in Cash, Shares of the Company's common stock and a 5% royalty.
Quantum Solar Power Corp. intends to be a manufacturer and marketer of solar panels based on the unique and patent pending solar technology. Multiple solar panels each of approximately 1 square meter in size will be used by customers to create large arrays of electricity generating capacity, when combined with other products will allow for the creation and transmission of electricity either for consumption by the owner or for selling to a utility. The process for manufacturing is based on known techniques in nanotechnology including guided self assembly and bottom up processing. It is expected therefore that in comparison with semiconductor patterning techniques which are used in standard solar cell manufacture that the capital equipment will be less expensive to purchase and to operate and that operating yields will be improved thus contributing to lower per panel costs.
As of June 30, 2008 we have sold 100,000 common shares of unregistered securities via private placement to 4 individuals on April 15, 2008 the total proceeds received by the Company was $200,000, no commissions were paid.