VANCOUVER, BC — (Marketwire) — 07/26/11 — Quantum Solar Power Corp. (“Quantum”) (OTCBB: QSPW), , is pleased to announce the appointment of two new board members effective today. Steven Pleging, based in The Netherlands, a renowned solar energy entrepreneur and owner of TeamSolar BV, a solar energy market consultancy, has been appointed Chairman of the Board of Directors and Director of Quantum Solar Power Corp. Dr. Andras G. Pattantyus-Abraham, Chief Technology Officer at Quantum Solar Power Corp., joins the Quantum board as Director.
Quantum–s CEO Daryl Ehrmantraut stated, “Quantum is extremely fortunate to have Steven Pleging and Dr. Andras Pattantyus-Abraham join our Board of Directors. Steven–s background in the solar energy sector complements our global strategy. We look forward to having his counsel as we continue to expand our business in strategic markets in Europe and around the world. Dr. Pattantyus-Abraham has been instrumental in developing Quantum–s novel technological approach to solar power generation and we look forward to his active participation on our board.”
Prior to founding TeamSolar BV, Pleging served as CEO of Ecostream International BV, , one of the leading suppliers of solar power systems in Europe, where he was instrumental in growing revenues from $15M to over $160M in four years. Prior to joining Ecostream, Pleging served for over a decade as Business line Manager for the Solar division of Philips Lighting where he managed the entry of Philips into the solar marketplace with an innovative concept of solar inverters for the European market and extensive partner collaboration. Pledging received a Bachelor in Economics from HES Amsterdam.
As Quantum Solar Power Corp–s Chief Technology Officer, Dr. Andras G. Pattantyus-Abraham oversees a team of scientists dedicated to transitioning the company–s scientific concept into a National Renewable Energy Laboratory (NREL) certified PV device. Prior to joining Quantum in December 2009, Dr. Pattantyus-Abraham was Principal Scientist at the University of Toronto–s Sargent Research Group.
From 2007 to 2009, Pattantyus-Abraham was a Postdoctoral Fellow at the Sargent Research Group, , which applies discoveries in nanoscience to applications relevant to energy, health, and sensing. The Sargent Research Group unites chemistry, physics, and engineering within eight experimental laboratories.
In 2007 and 2008, Dr. Pattantyus-Abraham served as a Research Consultant for an Optoelectronics startup and for Applied Biophysics Research Group, University of British Columbia. From 2004 to 2006, Dr. Pattantyus-Abraham was a Postdoctoral Fellow at the Photonic Nanostructures Research Group, University of British Columbia.
Dr. Pattantyus-Abraham earned a Ph.D. in Chemistry from the University of British Columbia.
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:
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.
Nancy Tamosaitis
Vorticom, Inc.
212.532.2208