Current India Phase QMC intends to upgrade the reactors at Tech City to connect them to its QDXTM Ledger blockchain platform. This will allow the volume of quantum dot production, which is expected to be higher than originally budgeted, to be monitored and appropriate royalties recovered.
“We are grateful to Dr. Balchin and his team for their continued dedication to a timely completion of Tech City and look forward to hosting key Amtronics technical and laboratory staff for specialist training at QMC’s HQ here in San Marcos, Texas,” said Stephen B. Squires, President & CEO of Quantum Materials Corp.
Then this “Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility,” said Dr. Tony Balchin, CEO of Amtronics India LLC, which is coordinating the project and is the licensee of QMC’s QDXTM Reactor technology. “Despite unprecedented monsoon rainfall in the region, our offsite prefabrication work has continued to allow for expedited installation onsite. Project funding is progressing as planned, which also allows us to advance onsite work.”
Once Tech City goes live, QMC expects to begin earning royalties from the licensing of its technology in addition to the current and continued revenues from the provision of its QDXTM Reactor systems and ancillary equipment and services.