Quantum Materials Corp. (fka QTMM)

[BigE1960]

Annual Report (10-k)
Date : 10/15/2013 @ 6:07AM
Source : Edgar (US Regulatory)
Stock : Quantum Materials Corp. (QB) (QTMM)
Quote : 0.146 0.0 (0.00%) @ 7:05AM

The Company is preparing to enter the next phase of its development – production and supply of commercial scale volumes of TQDs to potential customers and joint ventures in order to develop a platform of initial customers in various industries. In order to finance the development of its business, including the establishment of its continuous process manufacturing facility, purchase of the first two equipment units and the expansion of its marketing and sales capabilities, the Company will be seeking additional investment capital. Provided this capital raise is successful and can be accomplished in the fourth quarter of 2013, the Company expects to commence generating limited revenues from the production of TQDs at the Wet Lab in the first quarter of 2014. Such revenues are expected to be modest at first and will be dependent upon the Company generating purchase orders from potential customers currently under NDAs and evaluating the Company’s technology. As part of this strategy, the Company has engaged in discussions with numerous target customers and has signed a number of NDAs and Sample Agreements to increase the probability of receiving firm orders from one or more of these entities.

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