Quantum Solar Power Retains SgurrEnergy to Provide Advisory Services for Its Next Stage of Corporate Growth
09 Mai 2011 - 3:05PM
Marketwired
Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) has entered
into a task order agreement with SgurrEnergy, Ltd. ("SgurrEnergy").
SgurrEnergy will provide expertise in the renewable energy industry
to assist Quantum in its efforts to elevate its position within the
solar energy industry.
Under the terms of the Agreement, SgurrEnergy has agreed to
provide business advisory services to Quantum including, but not
limited to, recruiting services to find directors, officers and
potential manufacturing partners to engage Quantum. The Agreement
is for a period of six months and effective as of May 2, 2011. In
consideration for SgurrEnergy's business advisory services, Quantum
will pay hourly rates ranging from CDN $84.56 to CDN $214.50 plus
applicable expenses. Quantum has agreed to provide a down-payment
of CDN $20,000 and to provide minimum retainer deposits of CDN
$20,000 per month for each month the agreement is in effect.
Quantum may cancel the agreement at any time.
Daryl Ehrmantraut, President and CEO of Quantum, stated,
"SgurrEnergy is one of the industry leaders within the renewable
energy sector to provide the advisory services Quantum needs to
position us for future growth. If SgurrEnergy is successful in
bringing experienced renewable energy management and board members
into Quantum, it will help us execute the next stage in our
corporate strategy. We are excited to partner with SgurrEnergy, as
this will accelerate our path to commercial success by helping us
bring in talented individuals. We look forward to working with them
as we attempt to redefine the solar energy landscape."
Lawrence H. Mott, Principal Consultant at SgurrEnergy, added,
"We are passionate about renewable energy and new technology and
bringing our industry expertise to help Quantum execute the next
stage in its strategy."
About Quantum Solar Power Corp. Quantum
Solar Power Corp. is developing a "Next Generation Device" (NGD™)
photovoltaic technology. Quantum's NGD™ is a patent pending,
laboratory model that utilizes a new approach to solar power
conversion with the potential to remove the necessity of utilizing
expensive silicon semiconductor-based technologies. We believe
Quantum's NGD™ technology has the potential to match the efficiency
of crystalline silicon PV at the cost of thin film PV. The
anticipated NGD™ technology is free of any rare element
dependencies found in other current solar technologies. We believe
Quantum has the potential to create solar cells (through
manufacturing partnerships) at significantly less cost per watt
than current technologies. Quantum Solar Power has offices in the
U.S. and Canada and can be found on the web at:
www.quantumsp.com
About SgurrEnergy, Ltd. SgurrEnergy, a
Wood Group company, is a leading multi-disciplinary engineering
consultancy specializing in renewable energy. SgurrEnergy has
successfully provided expertise and experience of renewable energy
in support of various projects in the field of solar photovoltaic
(PV) energy. These projects have been either in direct support of
the developers and owners, or on behalf of lenders and investors,
and range from large power plant sized PV installations through to
due diligence of operating and proposed module manufacturing
facilities.
Forward-Looking Statements This news
release contains forward-looking statements regarding future events
and Quantum's future results that are subject to the safe harbors
created under the Securities Act of 1933 (the "Securities Act") and
the Securities Exchange Act of 1934 (the "Exchange Act") and
constitute "forward looking information" within the meaning of U.S.
securities laws. These statements include statements about
Quantum's planned technological development plan and are based on
material factors and assumptions including Quantum's management's
current expectations, estimates, forecasts, and projections about
the industry in which Quantum operates and the beliefs and
assumptions of Quantum's management. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," "continues," "may," variations of
such words, and similar expressions, are intended to identify such
forward-looking statements. In addition, any statements that refer
to projections of Quantum's future financial performance, Quantum's
anticipated growth and potentials in its business and other
characterizations of future events or circumstances are
forward-looking statements. Readers are cautioned that these
forward-looking statements are only predictions and are subject to
risks, uncertainties, and assumptions that are difficult to
predict, including the risk that Quantum's technological
development plan may not be successful, and those risks identified
in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter
ended December 31, 2010. Therefore, actual results may differ
materially and adversely from those expressed in any
forward-looking statements. Quantum undertakes no obligation to
revise or update any forward-looking statements for any reason.
Contact: Erik Cathcart Media Relations Contact Quantum Solar
Power Corp. media@quantumsp.com +1 (503) 310-9138
Quantum Solar Power (CE) (USOTC:QSPW)
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