Quantum Materials Corp. (fka QTMM)

[FreeGrass]

Highlights I liked from the 10K.

Adoption of solar energy has a simple market driving force. If people do not adopt solar energy, the planet will become unfit for human habitation. The fossil fuels are warming the planet at an increasing rate that makes life unsustainable if something does not change.

As of January 31, 2012, the issuer had 115,589,865 shares of common stock, $0.001 par value per share outstanding.
Vs.
As of August 31, 2011, the issuer had 111,901,446 shares of common stock, $0.001 par value per share outstanding (" Common Stock ").

4 million shares increase in 6 months isn't that much...

In September 2011, Solterra entered into an amended License Agreement and Quantum Materials entered into a new License Agreement with Rice.

That's good news...

The milestones of each License Agreement also require a quantum dot production pilot plant to be established by February 28, 2012, capable of producing 1,000 grams per week. No assurances can be given that this milestone will be met by the Company on a timely basis.

I can't wait to get the PR this month about that...

Continue to develop and characterize the Quantum Dot Solar Cell product; moving towards pilot proof line for solar cells and leading to high throughput print line ultimately capable of yearly solar cell output near gigawatt range. Target cell efficiencies are 15% within 1 year and greater than 25% within five years. Coupled within cell cost per watt decreasing below $.75/Watt, we intend to pursue initial product sales in late 2012 with significant increases in 2013.

In the last 10K they were aiming for 6% in 1 year, and 15% within 2 years. So If my assumption is correct, they already reached 10% efficiency...

From last years 10K...

Target cell efficiencies are 6% within one year, 15% within 2 years and greater than 25% within five years. Coupled within cell cost per watt decreasing below $.75/Watt, we intend to pursue initial product sales in late 2011 with significant increases in 2012.

Looks like they had a delay in product sales, but I'm hopeful they will have a pilot line this year...

Last 10K plan of operation stated;
The aim is to invest our best efforts to demonstrate and scale up production of low cost quantum dot solar cells having peak efficiency of greater than 6%.

This 10K they state;
The aim is to invest our best efforts to demonstrate and scale up production of low cost quantum dot solar cells having peak efficiency of greater than 10%.

So believe they reached 10% already...
Comments?

The business accomplishments have been posted already. These are my favorite ones...
-Negotiated Memorandum of Understanding (“MOU”) with Saudi business group to establish TQD & solar cell production in the Kingdom of Saudi Arabia.
-Developed and implemented plan to establish nanobio R&D and production lab in Texas.
-Negotiated rights to sub-license technologies with Rice University. This was necessary to complete the joint venture agreements that we have been negotiating in the middle east and will be necessary as we pursue similar JV’s in other regions.
-Re-negotiated the Rice University license to split the single license agreement into two separate license agreements one with Quantum Materials Corp. for all medical applications and all electronics applications with the exception of solar, and one with Solterra Renewable Technologies Inc. just for solar. This is a significant step in structuring the parent company to be able to focus on developing new platform applications where quantum dots can be the enabling material and then forming wholly owned subsidiaries, like Solterra, to scale up and commercialize those technologies. The license agreements provide for the right to grant sublicenses subject to certain conditions.
So this confirms my assumption that besides Solterra, there will be more spin-offs in the future...
Right on!

We anticipate we can achieve production and initiate sales in 2012 and based on our limited test marketing, we believe this product has the potential to be well received by the nanobio markets.

They seem more confident they'll have sales in 2012. We can only hope...

This is an interesting statement...
Sometimes the term solar cell is reserved for devices intended specifically to capture energy from sunlight, while the term photovoltaic cell is used when the source is unspecified.
This reminds us that PV cells can be used with other energy sources besides the sun. (think heat, especially heat from spend nuclear fuel rods)

Similar devices intended to capture energy radiated from other sources include thermophotovoltaic cells, betavoltaics cells, and optoelectric nuclear batteries.

I wonder when I'll get my reward for this idea... ;)
Photovoltaic cells that respond to infrared – ‘thermovoltaics’
First time I see this term used...

Prior research has shown that four-legged quantum dots are many times more efficient at converting sunlight into electricity than regular quantum dots.
No comment...
But while reading the entire 10K I get the feeling that the focus is definitely on Solar because they put a lot of time in explaining the TQD's and solar market...
I get a feeling they are close...
Could we get an IPO for Solterra before we get an uplisting for QMC?

The installed base of photovoltaics world wide is only slightly more than 18 gigawatts (12.6 GW is the electrical power generated by the Itaipu Dam, the world's largest hydroelectric power plant) out of 18 Terawatts (18 Terawatts =18,000 gigawatts) that is used worldwide.

Just to remind everyone how significant 1GW of annual production with 1 line actually is...
Currently some two billion people have no access to electricity, and it is a high priority to address this need.

2011

Cost-per-Watt advantage. Our proprietary thin film technology should allow us to achieve an average manufacturing cost per watt less than $.90 and position Solterra's cells as one of the lowest priced in the world and significantly less than the per watt manufacturing cost of crystalline silicon solar modules.

2012

Solterra’s Cost-per-Watt advantage. Our proprietary thin film technology should allow us to achieve an average manufacturing cost per watt less than $.75 and position Solterra’s cells as one of the lowest priced in the world and significantly less than the per watt manufacturing cost of crystalline silicon solar modules.

Looking good...

That said, the company’s initial focus will be on providing new, high-efficiency cells in the Middle East where there is rapidly expanding need, but little or no local manufacturing capacity.

but our initial target in the Middle East will be large solar power generation facilities to provide production economies of scale, marketing efficiencies, and rapid penetration into the broader market for photovoltaic production.

All this chatter about a large scale project in the Middle East makes me happy because it indicates we are close to a deal... :)

We believe that cost effective solar such as ours, of high volume production capability is the only way that nationally we can meet these clean energy consumption goals.

I believe!

As stated above, there are less than 50 major solar module manufacturers, but only half manufacture their own solar cells. The remaining half is purchasing their cells from third party suppliers. We believe Solterra’s solar cells will have a high probability of being an attractive alternative for these established value added resellers.

Break time...

iBox has been updated...