VANCOUVER, BC — (Marketwire) — 07/20/11 — Quantum Solar Power Corp. (“Quantum”) (OTCBB: QSPW), , 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.”
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