Quantum Materials Corp. (fka QTMM)

[ih8aloss]

Checked Solterra web site and noticed the following: "This new Q.D. production technique, developed by Dr. Michael Wong of Rice University has been acquired by Solterra Renewable Technologies, Inc." I don't remember if this has always been there or not. My first inclination is it has been updated because in the past they only had a license agreement as stated in the 10Q's posted below. Does any one remember this being as currently stated "has been acquired" being there in the past or am I just reading more into it than there really is?

Mentioned once here, http://www.solterrasolarcells.com/corporate_profile.php?ID=51
and here http://www.solterrasolarcells.com/

an exclusive license agreement with William Marsh Rice University (“Rice University” or “Rice”).
License Agreement - Work-Study Arrangements

From FORM 10-Q December 2009

Solterra has a License agreement with William Marsh Rice University whereby minimum royalty payments which are calculated based on sales volume must be made starting in August 2010. This agreement can be terminated by Rice if certain financial and other conditions are not fulfilled by Solterra. As of the filing date of this Form 10-Q, Solterra has an insolvency issue under said Agreement and is in arrears in the payment of certain monies due to Rice, which if not resolved to the satisfaction of Rice could lead to the immediate termination of the Agreement by Rice. Solterra also has a work-study arrangement with Rice which began in January 2009 for a period of twelve months and was recently extended for an additional six months. Solterra is in arrears in the payment of its obligations under its work-study arrangement.

From FORM 10-Q March 2010
License Agreement - Work-Study Arrangements

Solterra has a License agreement with William Marsh Rice University whereby minimum royalty payments which are calculated based on sales volume must be made starting in August 2010. This agreement can be terminated by Rice if certain financial and other conditions are not fulfilled by Solterra. As of the filing date of this Form 10-Q, Solterra has an insolvency issue under said Agreement and is in arrears in the payment of certain monies due to Rice, which if not resolved to the satisfaction of Rice could lead to the immediate termination of the Agreement by Rice. Solterra also has a work-study arrangement with Rice which began in January 2009 for a period of twelve months and was recently extended for an additional six months. Solterra is in arrears in the payment of its obligations under to Rice by $111,562.