Shareholder Letter, 10K & Sri interview, Current DD & PR's
Dear Quantum Materials Shareholder,
Whether you invested in QMC years ago or just yesterday, I wish to thank you for supporting the company. It’s been
90 days since I was given the opportunity to lead QMC, and it’s been a hectic period during which the company has
made much progress. I have spent time getting to know our team, understanding the technology and evaluating the
challenges to bringing our products to market. I’ve spoken with customers and partners as well as many of you and
my confidence in the future of our company is greater today than it was when I started. Let me explain why.
Having spent most of my career in the electronic display industry, I know that the market opportunity for quantum
dots in TVs, monitors, laptops and tablets is quite substantial. That is what originally attracted me to QMC. In the
past few weeks, I have learned from our customers and partners that this window of opportunity is wide open since
existing solutions in the market are either inadequate, expensive, and/or made with heavy metals such as cadmium,
which they don’t wish to use anymore.
So, why haven’t we captured this opportunity yet? That’s because our products had not yet fully met all our, or our
customers, expectations for performance, quantum yield or other key parameters. We have achieved each of these
parameters individually but not all of them at the same time. That being said, in the past few weeks we have made
samples that hold great promise - and we have done this without using cadmium in our chemistry! In addition, we
can make products via our manufacturing process, which is substantially lower in cost and drives higher throughput
than traditional production methodologies. Our goal is to produce a better product than our competition at a lower
cost point. We believe we are on a direct path to achieving this goal.
What we have been attempting to do hasn’t been done before; we are inventing an entirely new product with a new,
scalable manufacturing process. Locking in a date on invention has been our challenge over the past year or so.
Our aim is to produce products that will delight our customers, both in product performance and at a cost point that
will allow mass deployment. We have more than one initiative being deployed to solve the problems and each of
these is delivering results that are getting us closer to the goal. Until we achieve this goal, we will not rest. Our team
is dedicated to this cause, and I couldn’t be more proud of their commitment, innovation and hard work.
I cannot tell you the exact date our Display quantum dots products will be qualified and in mass production with our
customers, nor can I precisely say how large our market share will be in the next year. But, I can say this: we are
working hard and achieving great results and we will continue to persevere and succeed. We have invested carefully
in R&D and Operations and have remained frugal with your investment in every area. Your continued support is the
fuel that drives us to success. Once again, thank you for being here and believing in our potential and us.
Sri Peruvemba
President and CEO
http://www.qmcdots.com/xbrl/QTMM_2016_Annual_..._FINAL.pdf
From J45 the selling of shares by MKM (16,625,000 shares sold by MKM!!! ) they are no longer beneficial holders of stock, MKM fund has been liquidating ALL POSITIONS. The fact that this many shares went into the market and we are still above .10 is telling. From weak hands to strong they say and this will only be more beneficial as the company moves forward. The tighter this is held the quicker the SP escalation on news will be. The next Q should shed some light on increase in revenues they have been stating. Investors need to understand the switch to cadmium was a huge pause for every qd manufacturer. Can't say enough about the acquisition of the Bayer patents when I read them over again yesterday and the benefits that will come from having them,it was a steal by Steve for sure. Things are looking better every quarter !
10K Takeaway
Business Accomplishments
The following outlines the business accomplishments of the Company over the last few years:
* entered into Technology Development Agreement for design and manufacture of fluid tracking nanoparticles;
* implemented Quality Management System (QMS) for QD production to establish ISO readiness;
* hired pioneering scientific and engineering personnel to create world-class technical team;
* entered into a minority-owned joint venture, Quantum Materials Asia Co., Ltd. with Chinese partner Guanghui Technology Group (“GTG”);
* entered into a funded product development agreement with leading global optical film manufacturer Nitto Denko Corporation;
* entered a joint development agreement with an industry-leading display manufacturer;
* developed and introduced QDX™ Quantum Dots;
* took delivery and placed into service our second manufacturing unit bringing the Company’s total capacity up to approximately 2,250kg of QDs and other nanoparticles per year;
* developed and began producing both red and green cadmium-free QDs; ( Lets put this one to bed once and for all! )
* implemented high volume production of QDs using patented chemistry and process and proprietary equipment;
* established and subsequently twice expanded a laboratory facility for research, development and production in Texas and negotiated a collaboration with Texas State University;
* acquired a foundational patent portfolio from Bayer AG covering high volume production of QDs, including heavy metal free quantum dots, quantum dot enhancement technologies and quantum dot solar cell technologies; and
* licensed key patents from Rice and UA.
In the meantime, we have experienced a significant increase in interest from potential customers in our materials and technologies for other applications such as televisions, displays, and lighting. Management believes that these markets present the best near term opportunities for our exploitation of QDs on a commercial scale. We will continue to pursue the solar cell market along with other uses for QDs and TQDs, but as indicated above, we have implemented a more balanced approach that addresses the potential demand for high performance TQDs in the other emerging markets. See “Major Market Segments” section below.
QMC’s automated continuous process : Unlike the more labor-intensive batch processes described above, we use a continuous manufacturing process to produce QDs and TQDs. This patented process and chemistry provides advantages to other methods such as more precise control of process variables which leads to improved quality control. We believe that by using this method yields are higher and manufacturing costs are lower as compared to other methods. We also believe that we are the only company to successfully deploy continuous flow technology in the large-scale manufacturing of highly uniform QDs of both cadmium-based and cadmium-free chemistry.
Raw materials for the commercial production of QD are purchased in bulk from chemical supply companies. Indium, a component of our cadmium-free QD is considered a “rare metal.” Indium is primarily found in South America, Canada, Australia, China and the Commonwealth of Independent States. There is also a mature and efficient indium recycling process. While our management does not believe that a supply disruption of the indium-containing compounds used in the manufacturing of QDs represents a significant risk, no assurances can be given in this regard.
Current Position
In September 2016, we completed a second expansion of its laboratory space at STAR Park, in San Marcos, Texas in preparation for qualification of production runs of quantum dots for display applications. As part of a broader Quality Management System, the Company has delineated production and research work flows to meet client demands as well as to prepare for optimization or customization of QD compositions. The expansion also allows for additional production capacity to meet expected QD demand.
Widespread, rapid adoption of quantum dots by the display or other markets may cause supply pressure that can only be met with significant increases in available production capability. While we believe our current manufacturing capacity of approximately 2 metric tons per year is about the same as our largest competitors, we also have established plans to be able to increase our manufacturing capacity with very short lead times and minimized facilities requirements. This is anticipated to be a key advantage to the Company to meet market demand and drive increased revenue.
The advantages and benefits of our automated production are:
* large scale production with a compact footprint;
* less manpower and time needed for cost savings;
* economies of scale leading to lower costs;
* high production yield with little post-processing;
* improved quality control for higher uniformity; and
* assurance of backup systems for continuous supply.
Sales and Marketing Overview
During the past year, we have made progress in the development of QDs for use in electronic display applications, in particular for LCD TV applications. With a focus on cadmium free QDs, we have been developing technologies aimed at meeting key customer requirements, and we have been shipping samples of products to customers for evaluation and testing.
Our discussions with current and potential new customers in the display industry confirm that the market opportunity is substantial and our business plan is aligned with the customers’ product specification needs. Beyond electronic displays, we see opportunities for applications in oil & natural gas production, solar, life sciences, and anti-counterfeiting sectors. In addition to customers in the electronic components industry, we have recently shipped sample products to a customer in the oil & natural gas industry.
We believe that our advantages in delivery of high quality, high performance QDs and other nanomaterials, its patented continuous production techniques, and its licensed screen printing techniques, make it an attractive supplier to these markets.
Operational Overview
Our operations are located in San Marcos, Texas at the Star Park Technology Center, an extension of Texas State University (“TSU”). This location provides us with space for future expansion and with convenient access to TSU faculty and specialized laboratory facilities and equipment that can support joint research and development efforts with Texas State University. Located 30 miles south of Austin, Texas, the San Marcos facility is also in close proximity to a number of leading companies in the electronics, lighting, solar, and life sciences markets.
We have acquired commercial-scale continuous manufacturing equipment at the San Marcos facility and now have the capacity to produce more than two metric tons (2,000kg) per year of nanomaterials for supply to its customers. Management believes that the production capacity of the San Marcos facility is similar to, or greater than its largest competitors’ factories which are much larger and require significantly larger capital expenditures. This efficiency is the direct result of our patented continuous flow process and proprietary manufacturing know how and equipment. While we plan to work extensively with its current provider of equipment, we own all rights to the designs and intellectual property resulting from the development project, and could contract with one or more other competent suppliers of equipment or build the manufacturing equipment in-house, if necessary.
We expect to commence generating revenues from the production of materials at the San Marcos facility in early 2017. Such revenues are expected to be modest at first and will be dependent upon our ability to generate purchase orders from development partners.
Our ongoing research and development functions are considered key to maintaining and enhancing our competitive position in the growing nanomaterials and QD market. Nanomaterials and QD technology continue to evolve, with new discoveries and refinements being made on an ongoing basis. We intend to be at the forefront of technological development, and will focus a significant part of our efforts on this, as it has done historically. Continuing R&D activities at the San Marcos facility and our collaboration with Texas State University, Rice, University of Arizona, and the numerous other research centers and departments with which we have relationships will be important aspects of the Company’s strategy.
Our key assets include patents, proprietary high volume process equipment technology, licenses and other intellectual property rights, its knowhow and the expertise, capabilities, and relationships brought to the Company by its management team. We will continue to build out our intellectual property portfolio and licensing rights.
Solar Energy . QDs are capable of producing energy from a broad spectrum of solar and radiant energy, including the ultraviolet and infrared frequencies conventional silicon solar cells generally do not convert to electricity. QD solar cells have conversion potentials of approximately twice that of conventional solar cells, and applications are being developed to “print” highly efficient photovoltaic solar cells in mass quantities at low cost. Management believes that QD solar cells and panels will be the next evolutionary development in the field of solar energy and that commercialization will begin in 2017.
Bayer Patents
In 2014, we acquired several patents and patent applications in five diverse sets of patent families from Bayer Technology Services GmbH, the global technological backbone and major innovation driver for Bayer AG of Leverkusen, Germany (the “Bayer Patents”). The Bayer Patents provide broad intellectual property protection for advances we have achieved in economical high-volume QD manufacturing. In addition, the Bayer Patents cover volume production technology for heavy metal-free QDs and nanoparticles; increasing quantum yields; heavy metal-free QDs; and hybrid organic quantum dot solar cell (“QDSC”) production as well as a surface modification process for increased efficiency of high performance solar cells and printed electronics.
Intellectual Property
The Company also owns additional intellectual property in the form of proprietary equipment designs, trademarks, trade names, copyrights, scientific and technical know-how, and “trade secrets” that it intends to further develop and apply in its business, seeking to protect same with appropriate governmental filings and/or secrecy agreements. See “Risk Factors” section.
Governmental Approvals
Chemical substances manufactured in quantities of 10,000 kilograms or less per year are exempt from full premanufacture notice (“PMN”) review under section 5 of the Toxic Substances Control Act (“TSCA”). Low volume exemption (“LVE”) substances undergo a 30-day review. To date, we have only made small quantities of QDs for research and development. We will file a LVE notice at least 30 days prior to initial commercial manufacture and do not expect any difficulties in receiving an exemption from full PMN review; however no assurances can be given in this regard.
Revenues
During the year ended June 30, 2016, we recognized revenue of $240,835 compared to $0 for the year ended June 30, 2015. Of this amount, $225,000 is a result of the Company entering into a funded product development agreement with a leading global film manufacturer, Nitto Denko Corporation.
Research and Development Expenses
During the year ended June 30, 2016 the Company incurred $305,703 of research and development expenses, an increase of $241,243 from the $64,460 recorded for the year ended June 30, 2015. The primary reasons for the increase are i) costs associated with a sponsored research agreement the Company has in place with Texas State University and ii) expenditures for lab equipment and consumables in the San Marcos facility.
CEO QTMM Sri Peruvemba Interview & I-Box Info
Jason Blair Today, we have a very special guest. He is Sri Peruvemba. He is CEO of Quantum Materials Corp. They’re trading on the OTCQB under the ticker symbol QTMM. Sri, welcome to the show.
Sri Peruvemba Thank you so much, Jason.
Jason Blair Oh, it’s our pleasure to have you on. You know, you’re in a very, very interesting space in my opinion. I love technology; I love seeing the progress of technology. Tell us a little about yourself and how you got into Quantum Materials Corporation.
Sri Peruvemba Sure. So, I am a “tech geek”, and I’ve been in the electronic display industry for most of my career. I worked for very large companies that were billions of dollars in revenue, as well very small companies that were in startup stage pre-revenue, and then ramped up to pretty serious revenue. I’ve been involved with Quantum Materials Corporation since October last year. I’ve been on their board, and then recently the board asked me to come in as CEO, so I have been CEO of the company for just over two months.
Jason Blair Oh, wow, so brand new and getting your feet wet already with the revenues generating coming in. Let me ask you this: [glitch]: Explain your quantum dot technology. What is quantum dots?
Sri Peruvemba Sure. So, quantum dots are nanocrystals, and they allow you to manipulate light so that a certain wavelength of light comes out to your desire. So, meaning, let me give you an example of: when you look at an object with your naked eyes, you see a certain color. And then, when you see that same object when it is paned and displayed on a TV or a monitor, it doesn’t look exactly the same, particularly the colors are not as vivid as what your naked eye sees. And Quantum Materials allows you to manipulate the light from the TV’s backlight such that you experience an image very similar to what you see with your naked eye.
Jason Blair Okay, very good, very good. So, you know, these quantum dots, they can more closely replicate colors that the eye sees more so than any other technology?
Sri Peruvemba That is correct. So, today, there are, you know- In the past, we used to have these large, clunky CRT TVs. Subsequently, we got LCD where were thin and they were sleek. We were quite impressed- We are still quite impressed with the TVs that we have on the market.
Jason Blair Of course.
Sri Peruvemba But, you know, in the last few years, all these TVs began to look about the same because they use pretty much the same technology. So, for the TV manufacturers to differentiate, as well as for the consumer to buy a better product, because we, as consumers, want a better product every day as long as the price doesn’t keep getting higher.
Jason Blair Of course, yes.
Sri Peruvemba And so, here’s an opportunity, using this new technology, quantum dot technology, to make your TV look much better than ever before, but not put a dent in your pocket, either.
Jason Blair Very good, very good. So, it’s relatively inexpensive to produce these quantum dots?
Sri Peruvemba Yeah, so, in the last couple of years or so, in the high end TVs, the technology called OLEDs, or Organic Light Emitting Diode technologies have come in place. You can make TVs with those where the colors are much better than the incumbent LCDTV. However, those OLED TVs are pretty expensive. If you look at a 55” TV, you’ll be looking at prices of about $4 or $5,000, whereas the LCDTV of 55”, you can buy it for, let’s say, less than $1,000. But, so, the LCD industry is a mature industry, it offers a much better product in terms of cost value to the consumer, but, you know, OLED offers the better color. But, to sort of bridge that gap, quantum dots can be applied to LCDTV to make the LCDTV look as good as the OLED TV.
Jason Blair Excellent, excellent. My guest today, again, is Sri Peruvemba. He is the CEO for Quantum Materials Corporation. They’re trading on the OTCQB under the ticker symbol QTMM. Now, let me ask you this: What differentiates Quantum Materials Corporation from its competitors?
Sri Peruvemba So, this is a new space, and there are a bunch of companies that already produce quantum dots and opened the doors with different manufacturers. Yet, the market hasn’t quite taken off. There are multiple reasons. One is, the customers in the space of TV manufacturers are expecting the quantum dots perform at a certain level, and those include a performance of the quantum dots themselves, which is to get a certain red or a certain green color that the customers want. Second, to make the product pretty stable and robust, and third is to get- we need to lose X number of dots to make sure that majority of them are performing to spec, and there are fewer dots that are not performing, the efficiency of this whole material. And these are the things that the TV manufacturers are looking for. And the market or the competition has struggled, and obviously, this is a nontrivial science a number of companies have been pursuing. We have a technology where we’re able to produce materials at a much better accuracy than anybody else is able to, and the reason is our process is different. We’re able to make our product and control the barometers much better. The way these materials are produced are we’re growing crystals from scratch. So, when we grow these crystals, at certain [cycles], we should be able to stop the growth so that different sized crystals will emit different wavelengths of light, and controlling the growth of the crystals is the key to this process, and we have been able to do this fairly well in the lab, and that’s what gets the market excited, and that’s what gets our customers excited about the opportunity to differentiate ourselves and produce a much better product.
Jason Blair Exceptional, exceptional. So, now, let me go over some numbers here with you, and stop me if I’m incorrect here. So, it looks like, back in your first quarter, you guys generated about $225,000 in revenue, and this is the first time you guys have actually reported revenue as positively, right?
Sri Peruvemba Correct.
Jason Blair Excellent.
Sri Peruvemba The source of that revenue was a joint development agreement we had with probably one of the best players in the industry that will take our quantum dots and make a film out it, and the film is used in TV applications, and that’s where that revenue came from. So, we have an additional advantage other than the product performance that these customers are excited about, which is: our process can yield a product at a significantly lower cost, because our manufacturing equipment costs a fraction of what it costs for other competing technologies making the same type of product.
Jason Blair Wow, incredible. So, you guys are producing the material for another manufacturer of these TVs, correct?
Sri Peruvemba So, the way this works is: we produce quantum dots and supply it to a company that takes these quantum dots and applies it onto a film, and these films are made of plastic, and this plastic films are inserted inside of the TV to produce these results that we just talked about. And, so, the TV manufacturers, at least most of them, don’t make the film themselves. There are intermediate companies that do make the film, and many of these companies are billion dollar revenue companies, and they’ve already been making many other films that go into the TVs today, and for them, it’s relatively easy to get into that space and insert a quantum dot film to enhance the performance of the TV.
Jason Blair Excellent. That is really interesting stuff, to tell you the truth. Also being a technology geek, that is a- it definitely just makes me think of the possibilities that your technology can just take us off with. Let me ask you this: now, in addition to the flat panel displays, what else is Quantum Materials Corporation working on at this time with regards to other applications for these quantum dots?
Sri Peruvemba So, there are a number of applications outside of LCD, and the reason we are focused on LCD is because it’s here and now. The market exists; there are existing quantum dot based TVs on the market, and some of the largest players in the market have talked about bringing out many more models of TVs that we believe will completely revolutionize the entire TV market. It’s a large market, running into well over 200M units of TVs sold every year worldwide. So, it’s a big market available for us. That’s why we’ve focused on it. But, the material can also be used in solar, and we also have applications in biotechnology, and as well as in oil and natural gas. So, one of the other areas where we’ve done a limited amount of work is in oil and natural gas industry, particularly as it relates to the fracking industry, we are able to create materials that allow those users to trace where the fluids flow and help them navigate their business, their process much better. So, we’ve done some work with them and we’ve sent out a public announcement about that work, but it’s a early stage activity, but we also have these opportunities in solar and biotechnology and others that we’re pretty excited about, but our immediate focus is on LCD and in particular, TV. Eventually, even within the LCD, it’ll go beyond TV into monitors, all-in-one computers, into laptops and tablets as well.
Jason Blair Exceptional. So, we’re just scratching the surface of the potential for these quantum dots.
Sri Peruvemba Absolutely. There’s numerous applications. The challenge for companies like ourselves is: how do you discipline yourself to say, “No,” to opportunities outside of your focus.
Jason Blair Exceptional. Again, my guest today, again, is Sri Peruvemba. He is the CEO of Quantum Materials Corporation. They’re trading on the OTCQB under the ticker symbol QTMM. Now, Sri, in closing here, was there any other information that you’d like to get out to our listeners and investors that are listening to the program today?
Sri Peruvemba Sure. The TV, we are going to constantly see different trends on the different kinds of TVs available. In the last few years, you’ve seen TVs that are curved, TVs that are getting thinner and lighter and so on and so forth, and I think the next wave of TVs will have a much better color performance than we’ve seen ever before and quantum dots will enable that. We also believe that quantum dots will enhance even the high end OLED TVs, so they’re even better in the future. So, lots of opportunities, and my prediction is: in a couple of years from now, quantum dots will be a well known name recognized by the consumer, and that you and I don’t have to explain what quantum dots are anymore, we just talk about other aspects, and I believe this will be true.
Jason Blair Absolutely. Quantum Material Corporation is the company we’re highlighting today on Stock Day. They produce the material for quantum dots, which seems to have unlimited potential for the future of technology. Sri, it’s been an absolutely pleasure having you on the show today. We hope to check back with you in a couple of months to see how well you’re doing and to check back with your company.
Sri Peruvemba Thank you so much, Jason.
https://www.sec.gov/Archives/edgar/data/14035...orm8-k.htm
Clay's Latest August 2016 Link:
https://thcbin.files.wordpress.com/2016/08/qu...atters.pdf
Quantum Materials Preps Quantum Dot Production
June 17, 2016 // By Peter Clarke
Quantum Materials Corp. (San Marcos, Texas) has announced it has completed initial development of its cadmium-free quantum dots for displays and expects to supply customers in 2017.
The company has also entered into a joint venture with Guanghui Technology Group to produce QDX quantum dot materials in China. Guanghui is investing $20 million in the joint venture that operates as Quantum Materials Asia Co. Ltd.
Quantum Materials Asia expects to start supplying quantum dots to clients in the display, lighting and solar energy industries in the third quarter of 2016.
One of Quantum Materials' advantages in the market is the ability to mass produce quantum dots through printing or other roll-to-roll process, which should in turn reduce the cost to industry. The company's patented automated manufacturing process is applicable to quantum dots for solar cells for displays and solid-state lighting.
Quantum Materials said that it expects that commercial quantities of high performance cadmium-free quantum dot film will be available to display manufacturers in early 2017.
http://www.ledlighting-eetimes.com/news/quant...oduction-1
www.qmcdots.com
2016 Headlines
Sept 16th 2016 Quantum Materials Corp. Continues Work for Joint Development Partner, Increases Strategic Personnel and Lab Space
Quantum Materials today announced that the Company is continuing work with a leading optical film manufacturer, building upon a relationship which originated under an initial joint development agreement. Over past year as this development work has ramped up and other projects have come on line, Quantum Materials Corp has tripled its full-time science and engineering staff with the addition of several patentholding scientists, and engineering, and manufacturing operations specialists. In addition, effective September 1, 2016 the Company will double its lab space at Quantum Materials’ San Marcos, Texas headquarters.
Aug 3rd 2016 Quantum Materials Developing Nanomaterials for Tracing Fracking Fluids
Quantum Materials today announced that the Company has partnered with a Texas-based E&P technology business and is currently developing specialized nanomaterials for use in oil and gas well production optimization. The project, which is nearing the completion of the initial phase, is targeting new materials which are expected to provide for safer and more efficient recovery of hydrocarbon resources. The challenges of creating nanoparticles that can withstand the harsh downhole environment are leading us to discoveries that we can apply to make our quantum dots for use in displays and lighting more robust. The Company realized a small revenue contribution from this project in fiscal year 2016 that ended June 30.
June 14th 2016 Quantum Materials Corp. Appoints Sri Peruvemba CEO
Display Industry Expert to Drive Technology to Commercialization and NASDAQ Uplisting
Stephen Squires will remain CEO of Quantum Materials Asia and Solterra Renewable Technologies. We are well poised to grow Quantum Materials Corp within the display industry while positioning the company to be a market leader we believe that our continuous flow manufacturing process has us positioned to be an industry leader, as other uses for quantum dots begin to commercialize.
May 23rd 2016 QMC Enters Next Phase of Cadmium-Free Quantum Dot Development
Increase shipment quantities as development reaches pre-commercial scale later this year, commercial quantities of a high performance cadmium-free quantum dot film in conjunction with our partners will be available to display manufacturers in early 2017. Increasing concern over the use of cadmium in consumer displays has been driven by RoHS Directives, Our decision to accelerate development of cadmium-free quantum dots and our ability to recruit a distinguished scientific, technical and production team has allowed us to achieve this milestone and initiate ramping-up of sample production volumes.“We value our relationship with Kisco and look forward to working with them at DisplayWeek to continue growing the current customer partnerships they have facilitated and build upon the momentum we are developing as a team,” Mr. Squires will be participating in a CMO panel discussion.
April 8th 2016 Quantum Materials Closes Financing
Company has closed its convertible note and warrant financing
Previously disclosed in a Current Report on Form 8-K, significant revenue later in 2016. Company is announcing that independent director Daniel Carlson has assumed the role of Chairman. As we look to position Quantum Materials for a potential uplisting to a major exchange, the board felt it was prudent to separate the roles of CEO and Chairman by moving an independent director into the Chair, stated Mr. Carlson.
January 27th 2016 Quantum Materials Corp to Launch Quantum Dot Production in China
Joint Venture Partner GTG Commits $20 Million US Investment
The joint venture will be registered in Hong Kong and operated as Quantum Materials Asia Co., Ltd. GTG’s investment and Quantum Materials’ patented mass-production quantum dot manufacturing technology will enable Quantum Materials Asia to start supplying quantum dots to clients in the display, lighting and solar energy industries by the third quarter of 2016.
January 6th 2016 Renowned Quantum Dot Innovator Dr. Nathan Stott Joins Quantum Materials Corp
As one of the foremost leaders in research on quantum dots, Nathan brings a wealth of knowledge and proven experience to the Company
Insight on QMC and Competitors in Display Arena
Dear Quantum Materials Shareholder,
Whether you invested in QMC years ago or just yesterday, I wish to thank you for supporting the company. It’s been
90 days since I was given the opportunity to lead QMC, and it’s been a hectic period during which the company has
made much progress. I have spent time getting to know our team, understanding the technology and evaluating the
challenges to bringing our products to market. I’ve spoken with customers and partners as well as many of you and
my confidence in the future of our company is greater today than it was when I started. Let me explain why.
Having spent most of my career in the electronic display industry, I know that the market opportunity for quantum
dots in TVs, monitors, laptops and tablets is quite substantial. That is what originally attracted me to QMC. In the
past few weeks, I have learned from our customers and partners that this window of opportunity is wide open since
existing solutions in the market are either inadequate, expensive, and/or made with heavy metals such as cadmium,
which they don’t wish to use anymore.
So, why haven’t we captured this opportunity yet? That’s because our products had not yet fully met all our, or our
customers, expectations for performance, quantum yield or other key parameters. We have achieved each of these
parameters individually but not all of them at the same time. That being said, in the past few weeks we have made
samples that hold great promise - and we have done this without using cadmium in our chemistry! In addition, we
can make products via our manufacturing process, which is substantially lower in cost and drives higher throughput
than traditional production methodologies. Our goal is to produce a better product than our competition at a lower
cost point. We believe we are on a direct path to achieving this goal.
What we have been attempting to do hasn’t been done before; we are inventing an entirely new product with a new,
scalable manufacturing process. Locking in a date on invention has been our challenge over the past year or so.
Our aim is to produce products that will delight our customers, both in product performance and at a cost point that
will allow mass deployment. We have more than one initiative being deployed to solve the problems and each of
these is delivering results that are getting us closer to the goal. Until we achieve this goal, we will not rest. Our team
is dedicated to this cause, and I couldn’t be more proud of their commitment, innovation and hard work.
I cannot tell you the exact date our Display quantum dots products will be qualified and in mass production with our
customers, nor can I precisely say how large our market share will be in the next year. But, I can say this: we are
working hard and achieving great results and we will continue to persevere and succeed. We have invested carefully
in R&D and Operations and have remained frugal with your investment in every area. Your continued support is the
fuel that drives us to success. Once again, thank you for being here and believing in our potential and us.
Sri Peruvemba
President and CEO
http://www.qmcdots.com/xbrl/QTMM_2016_Annual_..._FINAL.pdf
From J45 the selling of shares by MKM (16,625,000 shares sold by MKM!!! ) they are no longer beneficial holders of stock, MKM fund has been liquidating ALL POSITIONS. The fact that this many shares went into the market and we are still above .10 is telling. From weak hands to strong they say and this will only be more beneficial as the company moves forward. The tighter this is held the quicker the SP escalation on news will be. The next Q should shed some light on increase in revenues they have been stating. Investors need to understand the switch to cadmium was a huge pause for every qd manufacturer. Can't say enough about the acquisition of the Bayer patents when I read them over again yesterday and the benefits that will come from having them,it was a steal by Steve for sure. Things are looking better every quarter !
10K Takeaway
Business Accomplishments
The following outlines the business accomplishments of the Company over the last few years:
* entered into Technology Development Agreement for design and manufacture of fluid tracking nanoparticles;
* implemented Quality Management System (QMS) for QD production to establish ISO readiness;
* hired pioneering scientific and engineering personnel to create world-class technical team;
* entered into a minority-owned joint venture, Quantum Materials Asia Co., Ltd. with Chinese partner Guanghui Technology Group (“GTG”);
* entered into a funded product development agreement with leading global optical film manufacturer Nitto Denko Corporation;
* entered a joint development agreement with an industry-leading display manufacturer;
* developed and introduced QDX™ Quantum Dots;
* took delivery and placed into service our second manufacturing unit bringing the Company’s total capacity up to approximately 2,250kg of QDs and other nanoparticles per year;
* developed and began producing both red and green cadmium-free QDs; ( Lets put this one to bed once and for all! )
* implemented high volume production of QDs using patented chemistry and process and proprietary equipment;
* established and subsequently twice expanded a laboratory facility for research, development and production in Texas and negotiated a collaboration with Texas State University;
* acquired a foundational patent portfolio from Bayer AG covering high volume production of QDs, including heavy metal free quantum dots, quantum dot enhancement technologies and quantum dot solar cell technologies; and
* licensed key patents from Rice and UA.
In the meantime, we have experienced a significant increase in interest from potential customers in our materials and technologies for other applications such as televisions, displays, and lighting. Management believes that these markets present the best near term opportunities for our exploitation of QDs on a commercial scale. We will continue to pursue the solar cell market along with other uses for QDs and TQDs, but as indicated above, we have implemented a more balanced approach that addresses the potential demand for high performance TQDs in the other emerging markets. See “Major Market Segments” section below.
QMC’s automated continuous process : Unlike the more labor-intensive batch processes described above, we use a continuous manufacturing process to produce QDs and TQDs. This patented process and chemistry provides advantages to other methods such as more precise control of process variables which leads to improved quality control. We believe that by using this method yields are higher and manufacturing costs are lower as compared to other methods. We also believe that we are the only company to successfully deploy continuous flow technology in the large-scale manufacturing of highly uniform QDs of both cadmium-based and cadmium-free chemistry.
Raw materials for the commercial production of QD are purchased in bulk from chemical supply companies. Indium, a component of our cadmium-free QD is considered a “rare metal.” Indium is primarily found in South America, Canada, Australia, China and the Commonwealth of Independent States. There is also a mature and efficient indium recycling process. While our management does not believe that a supply disruption of the indium-containing compounds used in the manufacturing of QDs represents a significant risk, no assurances can be given in this regard.
Current Position
In September 2016, we completed a second expansion of its laboratory space at STAR Park, in San Marcos, Texas in preparation for qualification of production runs of quantum dots for display applications. As part of a broader Quality Management System, the Company has delineated production and research work flows to meet client demands as well as to prepare for optimization or customization of QD compositions. The expansion also allows for additional production capacity to meet expected QD demand.
Widespread, rapid adoption of quantum dots by the display or other markets may cause supply pressure that can only be met with significant increases in available production capability. While we believe our current manufacturing capacity of approximately 2 metric tons per year is about the same as our largest competitors, we also have established plans to be able to increase our manufacturing capacity with very short lead times and minimized facilities requirements. This is anticipated to be a key advantage to the Company to meet market demand and drive increased revenue.
The advantages and benefits of our automated production are:
* large scale production with a compact footprint;
* less manpower and time needed for cost savings;
* economies of scale leading to lower costs;
* high production yield with little post-processing;
* improved quality control for higher uniformity; and
* assurance of backup systems for continuous supply.
Sales and Marketing Overview
During the past year, we have made progress in the development of QDs for use in electronic display applications, in particular for LCD TV applications. With a focus on cadmium free QDs, we have been developing technologies aimed at meeting key customer requirements, and we have been shipping samples of products to customers for evaluation and testing.
Our discussions with current and potential new customers in the display industry confirm that the market opportunity is substantial and our business plan is aligned with the customers’ product specification needs. Beyond electronic displays, we see opportunities for applications in oil & natural gas production, solar, life sciences, and anti-counterfeiting sectors. In addition to customers in the electronic components industry, we have recently shipped sample products to a customer in the oil & natural gas industry.
We believe that our advantages in delivery of high quality, high performance QDs and other nanomaterials, its patented continuous production techniques, and its licensed screen printing techniques, make it an attractive supplier to these markets.
Operational Overview
Our operations are located in San Marcos, Texas at the Star Park Technology Center, an extension of Texas State University (“TSU”). This location provides us with space for future expansion and with convenient access to TSU faculty and specialized laboratory facilities and equipment that can support joint research and development efforts with Texas State University. Located 30 miles south of Austin, Texas, the San Marcos facility is also in close proximity to a number of leading companies in the electronics, lighting, solar, and life sciences markets.
We have acquired commercial-scale continuous manufacturing equipment at the San Marcos facility and now have the capacity to produce more than two metric tons (2,000kg) per year of nanomaterials for supply to its customers. Management believes that the production capacity of the San Marcos facility is similar to, or greater than its largest competitors’ factories which are much larger and require significantly larger capital expenditures. This efficiency is the direct result of our patented continuous flow process and proprietary manufacturing know how and equipment. While we plan to work extensively with its current provider of equipment, we own all rights to the designs and intellectual property resulting from the development project, and could contract with one or more other competent suppliers of equipment or build the manufacturing equipment in-house, if necessary.
We expect to commence generating revenues from the production of materials at the San Marcos facility in early 2017. Such revenues are expected to be modest at first and will be dependent upon our ability to generate purchase orders from development partners.
Our ongoing research and development functions are considered key to maintaining and enhancing our competitive position in the growing nanomaterials and QD market. Nanomaterials and QD technology continue to evolve, with new discoveries and refinements being made on an ongoing basis. We intend to be at the forefront of technological development, and will focus a significant part of our efforts on this, as it has done historically. Continuing R&D activities at the San Marcos facility and our collaboration with Texas State University, Rice, University of Arizona, and the numerous other research centers and departments with which we have relationships will be important aspects of the Company’s strategy.
Our key assets include patents, proprietary high volume process equipment technology, licenses and other intellectual property rights, its knowhow and the expertise, capabilities, and relationships brought to the Company by its management team. We will continue to build out our intellectual property portfolio and licensing rights.
Solar Energy . QDs are capable of producing energy from a broad spectrum of solar and radiant energy, including the ultraviolet and infrared frequencies conventional silicon solar cells generally do not convert to electricity. QD solar cells have conversion potentials of approximately twice that of conventional solar cells, and applications are being developed to “print” highly efficient photovoltaic solar cells in mass quantities at low cost. Management believes that QD solar cells and panels will be the next evolutionary development in the field of solar energy and that commercialization will begin in 2017.
Bayer Patents
In 2014, we acquired several patents and patent applications in five diverse sets of patent families from Bayer Technology Services GmbH, the global technological backbone and major innovation driver for Bayer AG of Leverkusen, Germany (the “Bayer Patents”). The Bayer Patents provide broad intellectual property protection for advances we have achieved in economical high-volume QD manufacturing. In addition, the Bayer Patents cover volume production technology for heavy metal-free QDs and nanoparticles; increasing quantum yields; heavy metal-free QDs; and hybrid organic quantum dot solar cell (“QDSC”) production as well as a surface modification process for increased efficiency of high performance solar cells and printed electronics.
Intellectual Property
The Company also owns additional intellectual property in the form of proprietary equipment designs, trademarks, trade names, copyrights, scientific and technical know-how, and “trade secrets” that it intends to further develop and apply in its business, seeking to protect same with appropriate governmental filings and/or secrecy agreements. See “Risk Factors” section.
Governmental Approvals
Chemical substances manufactured in quantities of 10,000 kilograms or less per year are exempt from full premanufacture notice (“PMN”) review under section 5 of the Toxic Substances Control Act (“TSCA”). Low volume exemption (“LVE”) substances undergo a 30-day review. To date, we have only made small quantities of QDs for research and development. We will file a LVE notice at least 30 days prior to initial commercial manufacture and do not expect any difficulties in receiving an exemption from full PMN review; however no assurances can be given in this regard.
Revenues
During the year ended June 30, 2016, we recognized revenue of $240,835 compared to $0 for the year ended June 30, 2015. Of this amount, $225,000 is a result of the Company entering into a funded product development agreement with a leading global film manufacturer, Nitto Denko Corporation.
Research and Development Expenses
During the year ended June 30, 2016 the Company incurred $305,703 of research and development expenses, an increase of $241,243 from the $64,460 recorded for the year ended June 30, 2015. The primary reasons for the increase are i) costs associated with a sponsored research agreement the Company has in place with Texas State University and ii) expenditures for lab equipment and consumables in the San Marcos facility.
CEO QTMM Sri Peruvemba Interview & I-Box Info
Jason Blair Today, we have a very special guest. He is Sri Peruvemba. He is CEO of Quantum Materials Corp. They’re trading on the OTCQB under the ticker symbol QTMM. Sri, welcome to the show.
Sri Peruvemba Thank you so much, Jason.
Jason Blair Oh, it’s our pleasure to have you on. You know, you’re in a very, very interesting space in my opinion. I love technology; I love seeing the progress of technology. Tell us a little about yourself and how you got into Quantum Materials Corporation.
Sri Peruvemba Sure. So, I am a “tech geek”, and I’ve been in the electronic display industry for most of my career. I worked for very large companies that were billions of dollars in revenue, as well very small companies that were in startup stage pre-revenue, and then ramped up to pretty serious revenue. I’ve been involved with Quantum Materials Corporation since October last year. I’ve been on their board, and then recently the board asked me to come in as CEO, so I have been CEO of the company for just over two months.
Jason Blair Oh, wow, so brand new and getting your feet wet already with the revenues generating coming in. Let me ask you this: [glitch]: Explain your quantum dot technology. What is quantum dots?
Sri Peruvemba Sure. So, quantum dots are nanocrystals, and they allow you to manipulate light so that a certain wavelength of light comes out to your desire. So, meaning, let me give you an example of: when you look at an object with your naked eyes, you see a certain color. And then, when you see that same object when it is paned and displayed on a TV or a monitor, it doesn’t look exactly the same, particularly the colors are not as vivid as what your naked eye sees. And Quantum Materials allows you to manipulate the light from the TV’s backlight such that you experience an image very similar to what you see with your naked eye.
Jason Blair Okay, very good, very good. So, you know, these quantum dots, they can more closely replicate colors that the eye sees more so than any other technology?
Sri Peruvemba That is correct. So, today, there are, you know- In the past, we used to have these large, clunky CRT TVs. Subsequently, we got LCD where were thin and they were sleek. We were quite impressed- We are still quite impressed with the TVs that we have on the market.
Jason Blair Of course.
Sri Peruvemba But, you know, in the last few years, all these TVs began to look about the same because they use pretty much the same technology. So, for the TV manufacturers to differentiate, as well as for the consumer to buy a better product, because we, as consumers, want a better product every day as long as the price doesn’t keep getting higher.
Jason Blair Of course, yes.
Sri Peruvemba And so, here’s an opportunity, using this new technology, quantum dot technology, to make your TV look much better than ever before, but not put a dent in your pocket, either.
Jason Blair Very good, very good. So, it’s relatively inexpensive to produce these quantum dots?
Sri Peruvemba Yeah, so, in the last couple of years or so, in the high end TVs, the technology called OLEDs, or Organic Light Emitting Diode technologies have come in place. You can make TVs with those where the colors are much better than the incumbent LCDTV. However, those OLED TVs are pretty expensive. If you look at a 55” TV, you’ll be looking at prices of about $4 or $5,000, whereas the LCDTV of 55”, you can buy it for, let’s say, less than $1,000. But, so, the LCD industry is a mature industry, it offers a much better product in terms of cost value to the consumer, but, you know, OLED offers the better color. But, to sort of bridge that gap, quantum dots can be applied to LCDTV to make the LCDTV look as good as the OLED TV.
Jason Blair Excellent, excellent. My guest today, again, is Sri Peruvemba. He is the CEO for Quantum Materials Corporation. They’re trading on the OTCQB under the ticker symbol QTMM. Now, let me ask you this: What differentiates Quantum Materials Corporation from its competitors?
Sri Peruvemba So, this is a new space, and there are a bunch of companies that already produce quantum dots and opened the doors with different manufacturers. Yet, the market hasn’t quite taken off. There are multiple reasons. One is, the customers in the space of TV manufacturers are expecting the quantum dots perform at a certain level, and those include a performance of the quantum dots themselves, which is to get a certain red or a certain green color that the customers want. Second, to make the product pretty stable and robust, and third is to get- we need to lose X number of dots to make sure that majority of them are performing to spec, and there are fewer dots that are not performing, the efficiency of this whole material. And these are the things that the TV manufacturers are looking for. And the market or the competition has struggled, and obviously, this is a nontrivial science a number of companies have been pursuing. We have a technology where we’re able to produce materials at a much better accuracy than anybody else is able to, and the reason is our process is different. We’re able to make our product and control the barometers much better. The way these materials are produced are we’re growing crystals from scratch. So, when we grow these crystals, at certain [cycles], we should be able to stop the growth so that different sized crystals will emit different wavelengths of light, and controlling the growth of the crystals is the key to this process, and we have been able to do this fairly well in the lab, and that’s what gets the market excited, and that’s what gets our customers excited about the opportunity to differentiate ourselves and produce a much better product.
Jason Blair Exceptional, exceptional. So, now, let me go over some numbers here with you, and stop me if I’m incorrect here. So, it looks like, back in your first quarter, you guys generated about $225,000 in revenue, and this is the first time you guys have actually reported revenue as positively, right?
Sri Peruvemba Correct.
Jason Blair Excellent.
Sri Peruvemba The source of that revenue was a joint development agreement we had with probably one of the best players in the industry that will take our quantum dots and make a film out it, and the film is used in TV applications, and that’s where that revenue came from. So, we have an additional advantage other than the product performance that these customers are excited about, which is: our process can yield a product at a significantly lower cost, because our manufacturing equipment costs a fraction of what it costs for other competing technologies making the same type of product.
Jason Blair Wow, incredible. So, you guys are producing the material for another manufacturer of these TVs, correct?
Sri Peruvemba So, the way this works is: we produce quantum dots and supply it to a company that takes these quantum dots and applies it onto a film, and these films are made of plastic, and this plastic films are inserted inside of the TV to produce these results that we just talked about. And, so, the TV manufacturers, at least most of them, don’t make the film themselves. There are intermediate companies that do make the film, and many of these companies are billion dollar revenue companies, and they’ve already been making many other films that go into the TVs today, and for them, it’s relatively easy to get into that space and insert a quantum dot film to enhance the performance of the TV.
Jason Blair Excellent. That is really interesting stuff, to tell you the truth. Also being a technology geek, that is a- it definitely just makes me think of the possibilities that your technology can just take us off with. Let me ask you this: now, in addition to the flat panel displays, what else is Quantum Materials Corporation working on at this time with regards to other applications for these quantum dots?
Sri Peruvemba So, there are a number of applications outside of LCD, and the reason we are focused on LCD is because it’s here and now. The market exists; there are existing quantum dot based TVs on the market, and some of the largest players in the market have talked about bringing out many more models of TVs that we believe will completely revolutionize the entire TV market. It’s a large market, running into well over 200M units of TVs sold every year worldwide. So, it’s a big market available for us. That’s why we’ve focused on it. But, the material can also be used in solar, and we also have applications in biotechnology, and as well as in oil and natural gas. So, one of the other areas where we’ve done a limited amount of work is in oil and natural gas industry, particularly as it relates to the fracking industry, we are able to create materials that allow those users to trace where the fluids flow and help them navigate their business, their process much better. So, we’ve done some work with them and we’ve sent out a public announcement about that work, but it’s a early stage activity, but we also have these opportunities in solar and biotechnology and others that we’re pretty excited about, but our immediate focus is on LCD and in particular, TV. Eventually, even within the LCD, it’ll go beyond TV into monitors, all-in-one computers, into laptops and tablets as well.
Jason Blair Exceptional. So, we’re just scratching the surface of the potential for these quantum dots.
Sri Peruvemba Absolutely. There’s numerous applications. The challenge for companies like ourselves is: how do you discipline yourself to say, “No,” to opportunities outside of your focus.
Jason Blair Exceptional. Again, my guest today, again, is Sri Peruvemba. He is the CEO of Quantum Materials Corporation. They’re trading on the OTCQB under the ticker symbol QTMM. Now, Sri, in closing here, was there any other information that you’d like to get out to our listeners and investors that are listening to the program today?
Sri Peruvemba Sure. The TV, we are going to constantly see different trends on the different kinds of TVs available. In the last few years, you’ve seen TVs that are curved, TVs that are getting thinner and lighter and so on and so forth, and I think the next wave of TVs will have a much better color performance than we’ve seen ever before and quantum dots will enable that. We also believe that quantum dots will enhance even the high end OLED TVs, so they’re even better in the future. So, lots of opportunities, and my prediction is: in a couple of years from now, quantum dots will be a well known name recognized by the consumer, and that you and I don’t have to explain what quantum dots are anymore, we just talk about other aspects, and I believe this will be true.
Jason Blair Absolutely. Quantum Material Corporation is the company we’re highlighting today on Stock Day. They produce the material for quantum dots, which seems to have unlimited potential for the future of technology. Sri, it’s been an absolutely pleasure having you on the show today. We hope to check back with you in a couple of months to see how well you’re doing and to check back with your company.
Sri Peruvemba Thank you so much, Jason.
https://www.sec.gov/Archives/edgar/data/14035...orm8-k.htm
Clay's Latest August 2016 Link:
https://thcbin.files.wordpress.com/2016/08/qu...atters.pdf
Quantum Materials Preps Quantum Dot Production
June 17, 2016 // By Peter Clarke
Quantum Materials Corp. (San Marcos, Texas) has announced it has completed initial development of its cadmium-free quantum dots for displays and expects to supply customers in 2017.
The company has also entered into a joint venture with Guanghui Technology Group to produce QDX quantum dot materials in China. Guanghui is investing $20 million in the joint venture that operates as Quantum Materials Asia Co. Ltd.
Quantum Materials Asia expects to start supplying quantum dots to clients in the display, lighting and solar energy industries in the third quarter of 2016.
One of Quantum Materials' advantages in the market is the ability to mass produce quantum dots through printing or other roll-to-roll process, which should in turn reduce the cost to industry. The company's patented automated manufacturing process is applicable to quantum dots for solar cells for displays and solid-state lighting.
Quantum Materials said that it expects that commercial quantities of high performance cadmium-free quantum dot film will be available to display manufacturers in early 2017.
http://www.ledlighting-eetimes.com/news/quant...oduction-1
www.qmcdots.com
2016 Headlines
Sept 16th 2016 Quantum Materials Corp. Continues Work for Joint Development Partner, Increases Strategic Personnel and Lab Space
Quantum Materials today announced that the Company is continuing work with a leading optical film manufacturer, building upon a relationship which originated under an initial joint development agreement. Over past year as this development work has ramped up and other projects have come on line, Quantum Materials Corp has tripled its full-time science and engineering staff with the addition of several patentholding scientists, and engineering, and manufacturing operations specialists. In addition, effective September 1, 2016 the Company will double its lab space at Quantum Materials’ San Marcos, Texas headquarters.
Aug 3rd 2016 Quantum Materials Developing Nanomaterials for Tracing Fracking Fluids
Quantum Materials today announced that the Company has partnered with a Texas-based E&P technology business and is currently developing specialized nanomaterials for use in oil and gas well production optimization. The project, which is nearing the completion of the initial phase, is targeting new materials which are expected to provide for safer and more efficient recovery of hydrocarbon resources. The challenges of creating nanoparticles that can withstand the harsh downhole environment are leading us to discoveries that we can apply to make our quantum dots for use in displays and lighting more robust. The Company realized a small revenue contribution from this project in fiscal year 2016 that ended June 30.
June 14th 2016 Quantum Materials Corp. Appoints Sri Peruvemba CEO
Display Industry Expert to Drive Technology to Commercialization and NASDAQ Uplisting
Stephen Squires will remain CEO of Quantum Materials Asia and Solterra Renewable Technologies. We are well poised to grow Quantum Materials Corp within the display industry while positioning the company to be a market leader we believe that our continuous flow manufacturing process has us positioned to be an industry leader, as other uses for quantum dots begin to commercialize.
May 23rd 2016 QMC Enters Next Phase of Cadmium-Free Quantum Dot Development
Increase shipment quantities as development reaches pre-commercial scale later this year, commercial quantities of a high performance cadmium-free quantum dot film in conjunction with our partners will be available to display manufacturers in early 2017. Increasing concern over the use of cadmium in consumer displays has been driven by RoHS Directives, Our decision to accelerate development of cadmium-free quantum dots and our ability to recruit a distinguished scientific, technical and production team has allowed us to achieve this milestone and initiate ramping-up of sample production volumes.“We value our relationship with Kisco and look forward to working with them at DisplayWeek to continue growing the current customer partnerships they have facilitated and build upon the momentum we are developing as a team,” Mr. Squires will be participating in a CMO panel discussion.
April 8th 2016 Quantum Materials Closes Financing
Company has closed its convertible note and warrant financing
Previously disclosed in a Current Report on Form 8-K, significant revenue later in 2016. Company is announcing that independent director Daniel Carlson has assumed the role of Chairman. As we look to position Quantum Materials for a potential uplisting to a major exchange, the board felt it was prudent to separate the roles of CEO and Chairman by moving an independent director into the Chair, stated Mr. Carlson.
January 27th 2016 Quantum Materials Corp to Launch Quantum Dot Production in China
Joint Venture Partner GTG Commits $20 Million US Investment
The joint venture will be registered in Hong Kong and operated as Quantum Materials Asia Co., Ltd. GTG’s investment and Quantum Materials’ patented mass-production quantum dot manufacturing technology will enable Quantum Materials Asia to start supplying quantum dots to clients in the display, lighting and solar energy industries by the third quarter of 2016.
January 6th 2016 Renowned Quantum Dot Innovator Dr. Nathan Stott Joins Quantum Materials Corp
As one of the foremost leaders in research on quantum dots, Nathan brings a wealth of knowledge and proven experience to the Company
Insight on QMC and Competitors in Display Arena
