QMCA took too long to get started?? I say HA! I
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Posted On: 01/30/2017 10:16:05 PM
QMCA took too long to get started?? I say HA!
I know some were not happy with how long it took for QMC Asia news to develop but for me it is obvious that launching something of this magnitude takes time. In the original announcement of the venture with GTG in Jan 2016 the CEO of GTG was quoted saying:
“We have already held serious discussions with a number of potential customers in our region seeking Quantum Dots for diversified applications, including display, lighting and solar. We have established our reputation as a key financial partner with the governments and industries by raising multiple billions of dollars in funding for projects driven by our customers over past decade,” stated Mr. Liu Xiao, CEO of Guanghui Technology Group. “This joint venture represents a new role for GTG in that we are not only supporting this project financially to facilitate major market expansion for Quantum Materials, but we will also be deeply involved in driving market penetration among our industry clients seeking to bring their technology and products to the next level.”
I believe that with something like the China Government Guidance Fund there must be an application process that likely takes time and many hoops to jump through in order to access the funds available for Tech Start-Ups allocated by this program (see link regarding this Government Guidance Fund)
***NOTE: it seems TCL also has received funding through the Government's Guidance fund as well***
https://www.bloomberg.com/news/articles/2016-...on-in-2015
https://www.bloomberg.com/news/articles/2016-...d-startups
The new PR states that QMCA was established in Hong Kong in September 2016 so I am assuming that Steve spent that 9 months working alongside GTG to establish the company the proper way in order to qualify for this funding.
My biggest question is if GTG has already invested $20 Mil last January and this news today is IN ADDITION to that $20M or if that commitment has evolved into this Government Funded program ? My guess is the original commitment from GTG evolved into this announcement, which is still GREAT but clarification would be nice.
Let us also keep in mind that 2016 was also the Election year so from a business stand point many Corporations were sitting on pins and needles to see who would win the US election.
I am very excited to see us moving in the right direction and even more excited to see what other news we will be hearing over the coming months. 2017 just might be our YEAR!!! The beginning to the QD madness, the uplisting to Nasdaq, the construction of the 2 new QMCA production facilities, the ANNOUNCEMENT OF CONTRACTS/REVENUE !!!
I know some were not happy with how long it took for QMC Asia news to develop but for me it is obvious that launching something of this magnitude takes time. In the original announcement of the venture with GTG in Jan 2016 the CEO of GTG was quoted saying:
“We have already held serious discussions with a number of potential customers in our region seeking Quantum Dots for diversified applications, including display, lighting and solar. We have established our reputation as a key financial partner with the governments and industries by raising multiple billions of dollars in funding for projects driven by our customers over past decade,” stated Mr. Liu Xiao, CEO of Guanghui Technology Group. “This joint venture represents a new role for GTG in that we are not only supporting this project financially to facilitate major market expansion for Quantum Materials, but we will also be deeply involved in driving market penetration among our industry clients seeking to bring their technology and products to the next level.”
I believe that with something like the China Government Guidance Fund there must be an application process that likely takes time and many hoops to jump through in order to access the funds available for Tech Start-Ups allocated by this program (see link regarding this Government Guidance Fund)
***NOTE: it seems TCL also has received funding through the Government's Guidance fund as well***
https://www.bloomberg.com/news/articles/2016-...on-in-2015
https://www.bloomberg.com/news/articles/2016-...d-startups
The new PR states that QMCA was established in Hong Kong in September 2016 so I am assuming that Steve spent that 9 months working alongside GTG to establish the company the proper way in order to qualify for this funding.
My biggest question is if GTG has already invested $20 Mil last January and this news today is IN ADDITION to that $20M or if that commitment has evolved into this Government Funded program ? My guess is the original commitment from GTG evolved into this announcement, which is still GREAT but clarification would be nice.
Let us also keep in mind that 2016 was also the Election year so from a business stand point many Corporations were sitting on pins and needles to see who would win the US election.
I am very excited to see us moving in the right direction and even more excited to see what other news we will be hearing over the coming months. 2017 just might be our YEAR!!! The beginning to the QD madness, the uplisting to Nasdaq, the construction of the 2 new QMCA production facilities, the ANNOUNCEMENT OF CONTRACTS/REVENUE !!!
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