dms1, we are in 2020 not 2009, so lets read what Steve Squires is saying about SOLAR and other technology now ~
REPORTING BUILDING SIZE INCREASED TO 75,000SQFT
October ‘19 QMC releases update on Assam, India solar project with increased volume and revenue projected for 2020 due to expansion from the original 20,000 sq. ft facility to 75,000 sq. Ft.
From the new 2020 Shareholders update on Solar:
SOLAR AND DISPLAY DEMAND RISING
January ’20 - Solar production demand is increasing dramatically as does demand for quantum dots in the display space all of which QMC is leveraging to produce revenues and position itself as the leader in high volume, high quality, environmentally friendly quantum materials and production technologies.
ADDITIONAL LICENSE OPPORTUNITIES
Solar demand and opportunities continue to grow. Though the Assam India solar project, our licensee had delays due to weather and is now moving forward and back on track and projections for our licensees’ quantum dot production have increased which is welcome news. We have also identified additional regions in India and the Middle East who desire to license our technologies in the same way. We are working to upgrade micro reactor equipment to be more secure, handle greater demand and work more efficiently and with less maintenance.
REVENUE
Our Assam licensees have assured us that they are working diligently to make up for time lost due to the recent historical flooding that the Assam region experienced. We have been informed that the site work is nearing completion and that some construction is being conducted offsite as prefabricated components. Our licensee has already made significant payments and additional payments are due to us once the reactors are setup and tested. This will allow us to recognize revenue once these benchmarks are met. We will also be delivering pre and post processing equipment this year.
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