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Ok! You’re point?
They clearly seem to be rebranding QMC with new website, twitter, more communication about blockchain.
Maybe the blockchain is a bigger deal as far as current and near term revenues? Seems that they are engaging a lot of people in the blockchain arena.
The new website is empty except for the note that news is coming soon.
“Quantum Materials Corp. has industry-changing news to share. Soon.”
https://www.quantummaterialscorp.com
Wrong guy. You’re think Jay Williams who is CTO
Hope this is a sign of good things to come.
Chief Revenue Officer
https://www.linkedin.com/in/jhartigan
Recent post:
“Extremely excited to announce that I have joined the Quantum Materials Corp team! We have some truly ground breaking announcements coming up so stay tuned.
Quantum Materials Corp (QMC); the first of its kind Quantum Dot anti-counterfeiting, customer identity management and product/device identification system built on a Blockchain Enterprise Trust Platform.
Stephen Squires Jay Williams
#blockchain #nanomaterials #anticounterfeiting #quantumtechnology”
Because people have all kinds of reasons to sell. This guy’s opinion letter expired today. So I had to either pay hundreds of dollars and deal with a liquidity issue because of the needed paperwork and process to sell restricted shares. I’m also in the middle of relocating and may need some extra cash to settle into the new house.
https://www.blockchaintechnologies.com/blockchain-technology/
My compliments to Rodman posting on the other board! Did anyone post this informative link explaining blockchain technology?
Coincidentally as I'm reading further into blockchain, I ran across an article from today.
https://marketrealist.com/2019/08/is-amazon-moving-into-cryptocurrency/
I've a lot to learn about blockchains and I'm working on educating myself about blockchain and ran across this article about the use of cryptocurrency or tokens with blockchain.
The article explains that not all blockchain platforms use tokens.
But, my question, which we'll have to wait to see, is will Capstan use tokens? Will there be an initial coin offer (ICO) by QMC for it?
Just another open question for us as we wait for more info on this acquisition and how it will be used to generate revenue for QMC.
https://medium.com/swlh/does-a-blockchain-need-a-token-66c894d566fb
Jay Williams - Not sure he's had or has an issue finding work.
https://www.cloud9psych.com/about
https://www.globenewswire.com/news-release/2019/01/07/1681688/0/en/New-Agile-Stacks-Chief-Solutions-Officer-Will-Drive-Customers-Success-in-Implementing-its-DevOps-Automation-Platform-for-Cloud-Infrastructure-and-Machine-Learning.html
https://williamstg.com/
https://blog.foodlogiq.com/traceability-and-blockchain
https://intivahealth.com/press-releases/intiva-health-ceo-to-speak-during-sxsw-on-blockchain-and-dapps-in-healthcare/
https://delaune.com/austin-a-tech-friendly-city-in-a-tech-centric-world/
http://summit.texata.com/
https://www.austinforum.org/news/gshowdown-blockchain-is-it-worth-the-hype
https://www.americaninno.com/austin/inno-news/jay-williams-and-haydn-shaughnessy-share-2018-tech-trend-predictions/
Thanks. Missed it in the 8k
Regardless, the point I was trying to make is the regulations require a filing, maybe multiple reasons, pick one.
You are correct, I categorized it wrong. It would fall under acquisition, in my opinion.
They put it out because it was a materially definitive agreement required to filed with the SEC.
https://www.sec.gov/files/form8-k.pdf
If the tech is highly profitable to the company and the outlying cost to bring it to market is reasonable..why license it?
Keep the profits in house..this is likely to happen with any tech QMC can exploit without huge manufacturing costs.
Perhaps it is 3D additive printing using QD as the physical key to improve blockchain security and prevent counterfeiting. The article below discusses the opportunities.
Cubichain tackles 3D printing counterfeiting issues with blockchain technology
Luke Parker 09 Dec 2016, 19:18 UTC
The latest industrial supply chain to embrace blockchain technology is targeting the additive manufacturing industry, otherwise known as large-scale 3D printing. Cubichain Technologies and CalRAM LLC. recently made a joint announcement that they have successfully demonstrated the deployment of a blockchain network to track aircraft parts from design, through printing, all the way to certification and sales.
The latest industrial supply chain to embrace blockchain technology is targeting the additive manufacturing industry, otherwise known as large-scale 3D printing. Cubichain Technologies and CalRAM LLC. recently made a joint announcement that they have successfully demonstrated the deployment of a blockchain network to track aircraft parts from design, through printing, all the way to certification and sales.
The primary purpose for their blockchain is to fight counterfeiters. It has become clear over the last few years that 3D printing parts of any kind is problematic because counterfeiters can easily print the same parts on the same equipment. All they need is the part file, a 3D blueprint that can be shared as easily as a word document. Not only does the act of counterfeiting cut into profits, but it can harm reputation, and in some cases even put lives at risk when sub-par materials are used.
The demonstration proved, according to the announcement, that the Cubichain technology can easily identify part files which have been tampered with by recognizing the “difference in a single data bit” in the binary part file.
“Cubichain wants to define an industry standard for manufacturing data security and elimination of counterfeit parts worldwide. What we accomplished today provides the proof-of-concept for a much larger closed-loop solution currently being developed.” -- - Dr. Kenneth Newell, co-founder of Cubichain Technologies
An April 2016 study from the Organization for Economic Co-operation and Development (OECD) and the European Union Intellectual Property Office (EU-IPO) addressed the size of the global counterfeit products market. Trade in both tangible counterfeits and pirated goods has risen throughout the last decade, and fakes are now estimated to be worth about US$461 billion, or roughly 2.5 percent of the total world GDP.
The U.S. Customs and Border Protection agency estimated that counterfeiting is expected to become a US$1.7 trillion “threat to world economies.” The agency reported confiscating 325% more counterfeit goods between 2002 and 2012 than in any previous decade.
In one infamous case, a few US military disasters involving $2.00 counterfeit parts led the U.S. Defense Logistics Agency (DLA) to discover that the U.S. defense supply chain is filled with counterfeit electronic parts. The outcome of the DLA’s finding, in 2012, was for the agency to mandate that certain electronic parts would be marked with unique ink, that contains DNA signatures, to make it easy to spot the fakes.
There are many other methods to marking a material as unique besides DNA ink. As the European Communities Trade Mark Association (ECTA) reported last year, there are various other methods, including micro laser engraving, quantum dots , magnetic inks. They’re all compatible with the additive manufacturing 3D print process . No matter how 3D printed items are marked, however, the problem of tracking them well still existed.
“ Both additive manufacturing and blockchain networks are disruptive technologies…combining the two will undoubtedly revolutionize the future of manufacturing.” - - - Shane Collins, Director Additive Manufacturing Programs for CalRAM
https://bravenewcoin.com/insights/cubichain-t...technology
Annual report, 10K, is due at the end of September. They filed 3rd Quarter 10Q in May.
Looks like Roy Truitt was named in the agreement (see 8k filed this morning).
https://www.sec.gov/Archives/edgar/data/1403570/000149315219012708/0001493152-19-012708-index.htm
I think this may be Roy.
https://www.linkedin.com/in/roy-truitt-14181b100/
https://angel.co/roy-truitt
This appears to be Jay Williams.
https://www.linkedin.com/in/jaymwilliams/
https://angel.co/jaymwilliams
https://williamstg.com/
https://www.linkedin.com/company/williamstechnologygroup/about/
Not sure, but there are a lot of opportunities.
https://www.forbes.com/sites/biserdimitrov/2019/08/13/large-enterprises-are-betting-on-blockchain-in-2019/
I could see qdots light signature capability be used as some type of security key or to replace RFID tags.
https://packagingeurope.com/is-blockchain-the-key-to-a-secure-supply-chain/
Quantum Materials Corp Acquires Blockchain Technology to Address New Market Opportunities
August 15, 2019 07:00 ET | Source: Quantum Materials Corp
San Marcos, TX, Aug. 15, 2019 (GLOBE NEWSWIRE) -- Leading American nanomaterial & cadmium free quantum dot manufacturer Quantum Materials Corp (OTCQB:QTMM) announced today that it has acquired certain assets of Capstan Platform, Inc., a developer of blockchain technologies for business enterprises.
Quantum Materials Corp. intends to leverage the technologies that Capstan has developed to introduce additional products into new global market verticals in the near future.
“We are excited by this strategic acquisition, which allows our company to expand its market focuses by tapping into the potential offered by this transformational technology,” said Stephen B. Squires, President and Chief Executive Officer of Quantum Materials Corp. “We are convinced that the combination of our existing quantum dots offerings and blockchain can substantially reduce the friction currently experienced by a number of key business processes.”
Capstan’s Co-Founder and CTO Jay M. Williams, who will join the Quantum Materials Corp leadership team in the newly created position of CTO, said: “Capstan Platform is excited about this acquisition and we are looking forward to becoming part of a great team of innovators. Combing our Blockchain-based Enterprise Trust Platform with Quantum Dots is the first step in bringing the physical and the digital together for real world applications.”
ABOUT QUANTUM MATERIALS CORP.
Quantum Materials Corp (QMC) develops and manufactures quantum dots and nanomaterials for use in display, solar energy and lighting applications through its proprietary high-volume continuous-flow production process. QMC's volume manufacturing methods enable consistent quality and scalable cost reductions to provide the foundation for technologically superior, energy efficient and environmentally sound displays, the next generation of solid-state lighting and solar photovoltaic power applications. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable quantum dot solar technology. For more information follow Quantum Materials Corp at www.QMCDOTS.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 our 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 by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at http://www.sec.gov/ or from our website. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
QUANTUM MATERIALS CORP CONTACT:
Toshi Ando
Sr. Director of Business Development for Asia/Pacific
510.300.4021
toshi@qmcdots.com
INVESTOR RELATIONS:
Clay Chase / SD Torrey Hills Capital
858.456.7300
cc@sdthc.com
MEDIA:
Rich Schineller
941.780.8100
rich@prmgt.com
https://www.globenewswire.com/news-release/2019/08/15/1902364/0/en/Quantum-Materials-Corp-Acquires-Blockchain-Technology-to-Address-New-Market-Opportunities.html
Go back and read some of the press releases this year and the shareholder letter for intel on what other sectors they are trying to enter. I know displays is one they have been working on for sometime.
If they truly have as good quality or better than Nanosys, then market will shift to where Nanosys, QMC, Nanoco, or other qdot suppliers will now have to competitively bid for contracts.
QMC may have finally achieved the quality level for display applications, but not they have to steal the market from Nanosys by having the same or better quality, but more importantly the lowest price.
Not to mention that the timelines for film development and other qdot display applications has been on the order of years from what we seen. Hopefully, QMC breaks into displays soon. It's been months since Steve gave us any intelligence into the status of their display progress.
Again, I said chemistry isn’t my thing. If you want to talk sub atomic particles, let’s chat.
Well per wiki, perovskite's name applies to a class of compounds that are like calcium titanate (CaTiO3). Calcium is a group II and Oxygen is a group VI. So I'm not sure it would be excluded from the patent claim. Chemistry is not my area of expertise.
https://en.wikipedia.org/wiki/Perovskite
To your question, I’ve no clue as to why they would abandon it. Maybe because the US isn’t the leading manufacturer of solar, joking!
I’m with you, maybe someone had priority in the US, but I’d think if that was the case we would have seen less granted patents internationally, but I’ve no real clue.
They may not have world wide patent active, but they do have at least one Bayer patent active. They don't need to sell to the US to make us money as shareholders.
India follows the Paris Convention which many countries are members. This would allow member countries to have priority on IP filed and use it throughout the member states.
https://patents.google.com/patent/CA2679177C/en?oq=CA+2679177
This patent is granted in the following countries:
1) Canada
2) Spain
3) China
4) European Union
5) Taiwan
And pending in:
1) Japan
2) Mexico
3) South Korea
4) Malaysia
5) South Africa
And abandoned in:
1) Germany
2) Australia
3) United States
https://patents.google.com/patent/CA2679177C/en?oq=CA+2679177
QMC bags fresh Amtronics order for solar cell production equipment
The $500k order follows the delivery of two high-volume quantum-dot production systems—valued at $1 million—to support roll-to-roll printing of thin-film solar cells at Assam facility.
JULY 26, 2019 UMA GUPTA
U.S.-based Quantum Materials Corp (QMC)—a cadmium-free quantum-dot and nanomaterials manufacturer—has received an additional $500k equipment order from construction and electronics business Amtronics to support quantum-dot based solar cell printing through joint venture Qamronics India. The equipment order is scheduled for delivery during the fourth quarter of this year.
Formed by Amtronics and the state-owned Assam Electronics Development Corp Ltd (Amtron), the Qamronics quantum-dot development/production facility is part of the Tech City project in Assam, which is currently under construction with a target completion date of November 2019.
In June, QMC had won Amtronics order totaling $1 million for two high-volume quantum-dot production systems. The order was secured with a letter of credit issued by Amtron.
“The two systems are already in transit for delivery to the Assam facility,” according to a press statement by QMC.
“The shipment of these two units clears the payment obligation for the first $700,000 of the sale amount, which is being satisfied by a Letter of Credit established by Amtron to fund this project. Once the equipment have been installed, an additional $150,000 will be eligible for transfer to Quantum Materials Corp., with the final $150,000 eligible for payment to Quantum Materials once the units have been certified for production at the facility”—added the press statement.
QMC CEO Stephen B. Squires commented, “Our team is doing a fantastic job of manufacturing and delivering the highly specialized quantum-dot production equipment required to fulfill our licensees’ specifications for this forward-thinking project. It is very exciting to see the project footprint increase from 20,000 to 75,000 sq. ft, enabling us to expand our mission of developing infrastructure to support roll-to-roll printing of next-generation quantum-dot based thin-film solar cells.”
In addition to thin-film solar cells, the Assam factory will also develop flat panel displays and solid-state LED lighting.
Amtronics India CEO Dr Tony Balchin added, “Due to the substantial increase in size of the facility, we are now including a multi-story quantum-dot laboratory and factory complex incorporating the latest engineering and environmental technologies. Design work is nearly completed and we have appointed a local architectural/engineering company as the ‘Architect of Record’ to prepare conceptual designs as well as execute detailed engineering plans of the project in accordance with all local regulations and building codes.”
https://www.pv-magazine-india.com/2019/07/26/qmc-bags-fresh-amtronics-order-for-solar-cell-production-equipment/
He shouldn’t have to. If you follow the competition and their presentations, you’ll see that Nanosys is looking at other applications and have them in development.
The continue disregard for the competitive landscape does you not anyone on this board any good.
All EPC work is different.
My field works from design drawings for structural. This includes foundation, exterior and interior load bearing walls, and roof. We order materials for major items early.
Then architectural drawings are created to cover interior design.
They specifically say design work is already done. For me, at that poly my company would have rebar and concrete vendors selected and purchase orders issued. General contractor for the work would also be selected and scheduled to start working from the design drawings.
Then we have an architect finish the interior and that gets bid out to either the same general contractor or individual civil and electrical contractors.
You are correct, but having a the government as a partner does tend to expedite regulatory processes.
I would hope, but I don't assume too much with this company these days.
I did email Clay and ask for better details or clarity in future PRs. There's no reason not be frank about cash flow. They should have added the following after the quoted sentence below.
The way I read it and my business understanding of LOCs, they have invoiced for the reactor shipment and the bank will issue the $700,000 against the letter of credit. The only part that is unclear is whether the bank has released the funds to QMC yet.
With engineering completed, but we have also done foundation work without full architecture/detailed work completed.
There are various ways to maintain a schedule.
We have been doing site prep and just started excavating on one of my projects. We won't have final design signed off and approved for another 3 weeks at which point we'll have the full excavation completed and have started the ground work installation.
We work from 2 phases of drawings:
1) the building design which includes the foundation and load bearing structure.
2) the architectural design which includes details of floor layouts, electrical, plumbing, etc.
Interesting read and arguments.
This is in reference to other needed production equipment beyond just the reactors themselves.
We’ve completed buildings in 5-6 months using conventional excavation, foundation installation, rebar installation, and concrete pour for walls. This method is by far the most time consuming.
Depending on the fabrication method for walls, etc., they could do it faster than 6 months using prefab and assembly at site. Those methods are much faster than conventional building methods.
Quantum Materials Corp Update on Construction Progress of QD Facility at "Tech City" Project in Assam, India and Associated High-Capacity Quantum Dot Production Equipment Orders
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July 23, 2019 07:00 ET | Source: Quantum Materials Corp
photo-release
Image
Image
Assam Tech City Aerial View
Quantum Materials Corp
San Marcos Texas, July 23, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp (OTCQB: QTMM) today announced an update for the joint quantum dot development/production facility, which is part of the new Tech City project being built in Assam, India being coordinated and funded by licensee Amtronics India LLC. As reported by Amtronics, construction remains on track with no delays to the original schedule even given the fact there has been major expansion to the project's footprint as well as heavy rainfall and flooding experienced in this region during the Monsoon season. Completion date for move-in is still anticipated to be sometime in the mid-to-late fourth quarter of 2019.
Amtronics India LLCs CEO Dr. Tony Balchin stated, “Due to the substantial increase in size of the facility, initially specified at 20,000 sq. ft. and subsequently increased to 75,000 sq. ft., we are now including a multi-story quantum dot laboratory and factory complex incorporating the latest engineering & environmental technologies. Design work is nearly completed and we have appointed a local architectural/engineering company as the "Architect of Record" to prepare conceptual designs as well as execute detailed engineering plans of the project in accordance with all local regulations and building codes. In addition to our appointed local architects, we have engaged a "Lead Architect" experienced in factory and environmental design to ensure our project will be "state of the art". Site development including the artificial lake and infrastructure works in the commons areas have progressed well and are either done or are nearing completion. Test piling for the quantum dot facility has been completed and the structural design is being finalized at this time. As soon as the monsoon season is finished, we will be starting on piling and substructure work followed by superstructure works and we are confident that all above-ground construction of the building will be completed by November/December 2019. At this time we are negotiating with local building contractors/subcontractors and expect to commence above ground construction in early August of this year.”
Regarding specialized quantum dot production equipment for this project, construction of two high volume quantum dot production systems valued at $1M has now been completed. These units are now in transit for delivery to the new quantum dot production facility in Assam, India. The shipment of these two units clears the payment obligation for the first $700,000 of the sale amount which is being satisfied by a Letter of Credit established by ASSAM ELECTRONIC DEVELOPMENT CORPORATION LIMITED (Amtron) to fund this project. Once the equipment has been installed an additional $150,000 will be eligible for transfer to Quantum Materials Corp., with the final $150,000 eligible for payment to Quantum Materials once the units have been certified for production at the facility. Quantum Material's has also received orders for additional quantum dot process equipment totaling roughly $500K. That equipment order is scheduled for delivery during the 4th quarter of this year.
Quantum Materials Corp CEO Stephen B. Squires commented, “Our team is doing a fantastic job of manufacturing and delivering the highly specialized quantum dot production equipment required to fulfill our licensees’ specifications for this forward-thinking project. It is very exciting to see the project footprint increase from 20,000 to 75,000 sq. ft., enabling us to expand our mission of developing infrastructure to support roll to roll printing of next-generation quantum dot based thin-film solar cells. In addition to the core mission of thin film solar cells, the Tech City production plan will also be developing technology to support commercial production of QD-based films for high color gamut flat panel displays as well as QD-LED based general lighting.”
ABOUT QUANTUM MATERIALS CORP
Quantum Materials Corp (QMC) develops and manufactures quantum dots and nanomaterials for use in display, solar energy and lighting applications through its proprietary high-volume continuous-flow production process. QMC's volume manufacturing methods enable consistent quality and scalable cost reductions to provide the foundation for technologically superior, energy efficient and environmentally sound displays, the next generation of solid-state lighting and solar photovoltaic power applications. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable quantum dot solar technology. For more information follow Quantum Materials Corp at www.QMCDOTS.com
About Amtronics India LLC
Amtronics LLC is a joint venture between Amtronics cc of South Africa headed by Dr. George Anthony Balchin and Amtron an Indian government owned electronics technologies company headed by M.K.Yadava. Amtronics cc has expertise in infrastructure and construction management and deep operational expertise. Amtron (ASSAM ELECTRONIC DEVELOPMENT CORPORATION LIMITED) is an Indian government owned enterprise devoted to advancing emerging electronics technologies that lead to creating new industries and employment opportunities in Assam India.
QUANTUM MATERIALS CORP CONTACTS:
Toshi Ando
Sr. Director of Business Development for Asia/Pacific
510.300.4021
toshi@qmcdots.com
INVESTOR RELATIONS:
Clay Chase
619 917-6771
cchase100@yahoo.com
MEDIA
Rich Schineller
941.780.8100
rich@qmcdots.com
https://www.globenewswire.com/news-release/2019/07/23/1886306/0/en/Quantum-Materials-Corp-Update-on-Construction-Progress-of-QD-Facility-at-Tech-City-Project-in-Assam-India-and-Associated-High-Capacity-Quantum-Dot-Production-Equipment-Orders.html
Looks like they are trying their first commercial platform to demonstrate their technology.
To your point about Sri, I didn’t slander him and I don’t recall many that did. The group of private placement shareholders didn’t like the preferred shares as it could have stripped out voting rights. We propped up the company with money directly to QMC for years and we as those investors have a joint right to make decisions on how our investment is handled. With preferred shares that had extra votings rights, Sri and that board could have sold the company. We, as those private placement shareholders, took the risky investment in QMC in hopes of large gains, not pennies added. Would we have come out ahead, likely so, but we were willing to let the dice be rolled again to see what may unfold in the future for the potential of those larger gains.
Of course, your view. I hardly consider several people I know who have their own businesses, run multi million dollar companies, or manage multi million dollar projects as less experienced.
But, your welcome to your opinion.