Quantum Solar Power Enters Into Consulting Agreement With Advantag Aktiengesellschaft
20 Juillet 2011 - 10:55PM
Marketwired
Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW),
www.quantumsp.com, is pleased to announce it has entered into a
consulting agreement with Advantag Aktiengeselischaft ("Avantag"),
a German consultancy firm, whereby Avantag will assist Quantum in
preparing and filing a listing application with the Frankfurt Stock
Exchange. Advantag will be responsible for the preparation of the
prospectus, filing with the Federal Financial Authority,
preparation of the public notice, securing of a lead broker and
coordinating the listing application. Quantum has agreed to pay
Avantag 18,000 EUR. The Agreement is effective beginning July 18,
2011.
Quantum's CEO Daryl Ehrmantraut stated, "Germany is the
worldwide leader in solar energy installations. A presence in
Germany would represent an excellent opportunity for Quantum in
terms of investment, strategic partnerships, manufacturing and
distribution relationships. We look forward to potentially
introducing Quantum's novel technological approach to solar power
generation to Europe."
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
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 March 30, 2011. 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.
Media Contact: Nancy Tamosaitis Vorticom, Inc.
212.532.2208 nancyt@vorticom.com
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