Quantum Materials Corp. (fka QTMM)

[Solar_Express]

India Going from QD Reactors to End Product

License & Development Agreement: QMC will receive technology development funding, scheduled milestone payments and royalties on all QD's from end products produced and sold by Amtronics India. The royalty is based on Gross Sales. “Gross Sales” means the gross amount invoiced by the Licensee, or its affiliates, licensees or sublicensees for the sale of a Licensed Product.

The initial license payment is the culmination of many hundreds of hours of work by both ourselves and our partners staffs to bring to life our shared vision of developing large scale quantum dot production and associated downstream products in the solar, display and lighting sectors. While this project envisions both display and solid state lighting products, the initial focus of this venture is for the establishment of domestically produced thin film, quantum dot based solar panels.”

Expansion: The initially proposed 12,000 square foot facility has been expanded to cover 120,000 square feet and is anticipated to be completed in the fourth calendar quarter of 2019. The delay in processing of the upfront license fee was largely an unintended consequence of expanding the project scope from the initial $20M to the now proposed $70M.

Make in India: Program to promote domestic industries. To that end we have laid out a very comprehensive roadmap to providing this solution with a now completed solar cell design with commercially economic power yield levels along with fixed component QD chemistry and plan to commence production of solar cells via a continuous, rapid feed flexographic based printing process as soon as the manufacturing facility in Assam is up and running,”

By 6/30/19: Now that QMC have received this initial funding the next step is providing two large scale quantum dot reactors to establish QD production at the India facility to support the solar cell print line which we expect to receive a purchase order for this equipment in the next few weeks along with an 80% upfront payment. This step has been achieved in latest PR.

Displays: Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has produced and is demonstrating to select customers a 100% cadmium-free 55 inch QDX™ quantum dot display technology that achieves an industry-leading 95% Rec. 2020 color gamut coverage. This superior level of performance is achieved by utilizing the Company's proprietary quantum dot enhanced film while eliminating the costly barrier film previously necessary for QD-based display designs.

Solar: With our continuous flow process technology QMC can produce high purity PQD’s at a fraction of the cost of the high purity silicon used in silicon solar cells and with solution processing these materials are compatible with monomers for easy implementation utilizing roll-to-roll coating technologies" stated Toshi Ando, Director of Business Development for Quantum Materials Corp.

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https://amtronicsindia.com/

https://www.sec.gov/Archives/edgar/data/1403570/000149315219002055/ex10-1.htm