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Item 8.01 Other Events
Our joint venture partner, The Guanghui Technology Group (“GTG”) and Quantum Materials Asia Co., Ltd. (“QMA”) today released a press release through our investor relations, SD Torrey Hills Capital. This press release reported an investment by the China Government Guidance Fund of $21.8 million US dollars in GTG and QMA. Quantum owns a 25% interest in QMA. Quantum has the right to 50% of the profit distributions from QMA. Quantum also manages QMA and has 50% of the board membership in QMA.
As previously disclosed in a press release of January 27, 2016, the QMA joint venture will be registered in Hong Kong. The investment by China Government Guidance Fund described above in GTG and QMA together with Quantum Materials patented mass-productions quantum dot manufacturing technology will enable QMA to start supplying quantum dots to clients in the display, lighting and solar industries.
Item 8.01 Other Events
Our joint venture partner, The Guanghui Technology Group (“GTG”) and Quantum Materials Asia Co., Ltd. (“QMA”) today released a press release through our investor relations, SD Torrey Hills Capital. This press release reported an investment by the China Government Guidance Fund of $21.8 million US dollars in GTG and QMA. Quantum owns a 25% interest in QMA. Quantum has the right to 50% of the profit distributions from QMA. Quantum also manages QMA and has 50% of the board membership in QMA.
As previously disclosed in a press release of January 27, 2016, the QMA joint venture will be registered in Hong Kong. The investment by China Government Guidance Fund described above in GTG and QMA together with Quantum Materials patented mass-productions quantum dot manufacturing technology will enable QMA to start supplying quantum dots to clients in the display, lighting and solar industries.
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