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Posted On: 12/19/2017 7:40:51 AM
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Quantum Materials Corp Gains ACS CAS Registration and Fulfills Regulatory Requirements for QDX shipments to Worldwide Markets
By GlobeNewswire, December 19, 2017, 07:00:00 AM EDT
San Marcos, TX, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Leading American Cadmium-Free Quantum Dot manufacturer Quantum Materials Corp (OTCQB:QTMM) today announced it has completed the regulatory requirements necessary for volume export of the Company's cadmium-free QDX quantum dots worldwide.
Quantum Materials has gained Chemical Abstract Service (CAS) registration for QDX cadmium-free quantum dots through a division of the American Chemical Society and has also completed the requisite analysis in support of the QDX Safety Data Sheet (SDS). Both CAS and the SDS are required in order to ship high volumes of advanced materials abroad.
"Our extraordinary team has worked tirelessly to meet the regulatory requirements required to export high volumes to meet international demand for our QDX cadmium free quantum dots," said Quantum Materials Corp CEO Stephen Squires. "Our initial regional fulfillment focus is on Asia. As the home of Samsung, BOE and LG, the region is without question the world epi-center of display technology and manufacturing and represents a very significant opportunity for our cadmium-free high performance quantum dot materials. While the transition in display technology from phosphors to quantum dots has not been as rapid as many anticipated, we believe industry-wide adoption is inevitable and quantum dots will eventually replace phosphors in both LED and OLED displays."
"Completing both the CAS registration requirements and the SDS for our materials is a significant milestone. The optical performance of our cadmium free quantum dots is arguably the best in the industry and has gained the attention of industry leading companies. With the CAS registry and SDS completed we are better positioned to respond to industry demand," said Toshi Ando, Quantum Materials Sr. Director of Business Development for Asia/Pacific. "Our collaboration partners played a critical role in our ability to complete this process quickly and efficiently."
‘With regard to the company's filing status, I know there are many questions concerning timing for the company getting its requisite filings current. The mid-fiscal year complete change in executive management, the recent predatory lender lawsuits and the resignation of our prior independent auditors after year end in July 2017 have added to the complexities of completing the companies year-end audit. We are expending every effort to get these filings completed so that we can be compliant and get the Company back on the OTCQB. Based on discussions between our counsel and the OTC markets, once our filings are current and we provide a good standing certificate from the state of Nevada , we can request that our status will be upgraded from the pinks to the OTCQB," Squires concluded.
http://www.nasdaq.com/press-release/quantum-m...1219-00272
Quantum Materials Corp Gains ACS CAS Registration and Fulfills Regulatory Requirements for QDX shipments to Worldwide Markets
By GlobeNewswire, December 19, 2017, 07:00:00 AM EDT
San Marcos, TX, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Leading American Cadmium-Free Quantum Dot manufacturer Quantum Materials Corp (OTCQB:QTMM) today announced it has completed the regulatory requirements necessary for volume export of the Company's cadmium-free QDX quantum dots worldwide.
Quantum Materials has gained Chemical Abstract Service (CAS) registration for QDX cadmium-free quantum dots through a division of the American Chemical Society and has also completed the requisite analysis in support of the QDX Safety Data Sheet (SDS). Both CAS and the SDS are required in order to ship high volumes of advanced materials abroad.
"Our extraordinary team has worked tirelessly to meet the regulatory requirements required to export high volumes to meet international demand for our QDX cadmium free quantum dots," said Quantum Materials Corp CEO Stephen Squires. "Our initial regional fulfillment focus is on Asia. As the home of Samsung, BOE and LG, the region is without question the world epi-center of display technology and manufacturing and represents a very significant opportunity for our cadmium-free high performance quantum dot materials. While the transition in display technology from phosphors to quantum dots has not been as rapid as many anticipated, we believe industry-wide adoption is inevitable and quantum dots will eventually replace phosphors in both LED and OLED displays."
"Completing both the CAS registration requirements and the SDS for our materials is a significant milestone. The optical performance of our cadmium free quantum dots is arguably the best in the industry and has gained the attention of industry leading companies. With the CAS registry and SDS completed we are better positioned to respond to industry demand," said Toshi Ando, Quantum Materials Sr. Director of Business Development for Asia/Pacific. "Our collaboration partners played a critical role in our ability to complete this process quickly and efficiently."
‘With regard to the company's filing status, I know there are many questions concerning timing for the company getting its requisite filings current. The mid-fiscal year complete change in executive management, the recent predatory lender lawsuits and the resignation of our prior independent auditors after year end in July 2017 have added to the complexities of completing the companies year-end audit. We are expending every effort to get these filings completed so that we can be compliant and get the Company back on the OTCQB. Based on discussions between our counsel and the OTC markets, once our filings are current and we provide a good standing certificate from the state of Nevada , we can request that our status will be upgraded from the pinks to the OTCQB," Squires concluded.
http://www.nasdaq.com/press-release/quantum-m...1219-00272
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