Misc. Excerpts:
39 NDA's (26 to commercial interest , 13 to institutions & researchers)
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"The Company’s proprietary chemical process for creating TQDs uses lower cost and environmentally benign solvents (which are not toxic, corrosive or volatile) that nevertheless permit greater control for enhanced materials uniformity (>98% acceptable product per batch vs. <50% under other methods), reducing post-production reprocessing costs to attain requisite quality levels. The Company can manufacture cadmium-free TQDs as easily as cadmium based TQDs, so its TQDs are readily adaptable to applications that specify the absence of heavy metals. Thus both the Company’s heavy metal-free TQDs and its unique manufacturing process are the most environmentally responsible in the industry."
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Legal Proceedings
The Company commenced an action against Robert Allan Glass in Federal Court in Austin, Texas regarding the termination of his employment agreement. The Company seeks to recover all common stock and cancel all options issued to Mr. Glass as part of his employment agreement. Mr. Glass has filed a counterclaim against the Company alleging breach of contract of the employment agreement seeking allegedly unpaid compensation.
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Holders
As of June 30, 2014, there were 173 record holders accounting to the Company’s transfer agent. However, Management believes that there are over 900 holders of our common stock.
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During the year ended June 30, 2014 the company acquired microreactor equipment, which was placed into service in April 2014. The company is depreciating the microreactor equipment on a straight line basis over 10 years, and has charged operations with $7,588 of depreciation expense for the year ended June 30, 2014. (not all that familiar w/ amortization calcs myself, but w/ a 10yr amortization , wouldn't that indicate an original purchase price of +/- $75K ?)
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Agreement with Virginia Tech Intellectual Properties
Quantum Materials has entered into an exclusive Option Agreement with Virginia Tech Intellectual Properties (VA Tech) to evaluate US Patent #61/906,927, entitled “Fabrication of Physically Unclonable Functions via Additive Manufacturing”. Pursuant to the Option Agreement, Quantum has a 12 month period to evaluate the usefulness of the above mentioned patent and to provide VA Tech with its desire to obtain the patent, along with Quantums plan for developing such patent into products or processes for public use. Quantum paid $10,000 in Q4 of FY 2014 for the 12 month option. Our agreement will terminate automatically on May 23, 2015 if Quantum has not yet expressed its desire to fully license the patent, or provide VA Tech with a plan on how it will develop the patent into a product or process.
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