MOMENTUM & GROWTH Quantum Materials Corp (OTCMKTS
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Quantum Materials Corp (OTCMKTS: QTMM) Bulls Eyeing Fresh Highs
ByJim BloomPosted on April 10, 2019
Shares of Quantum Materials Corp (OTCMKTS: QTMM) have registered impressive gains ever since the company received an initial license for a large-scale quantum dot production in India. The license opens the door for the company to leverage its IP and begin generating revenues in India.
QTMM SHARE PRICE ANALYSIS
The company’s India licensing partner has already commenced construction of a new 12,000 sq. Ft. facility as it eyes large-scale manufacturing of quantum dots and thin-film quantum dot solar cells. Investor’s reaction to the development has been positive, depicted by a spike in trading volume in the market.
Quantum Materials is currently trading in a steep uptrend pullback having emerged as support level from where the stock has continued to climb the ladder. A spike to the $0.05 level has opened the door for the stock to make a run for 52-week highs of $0.07 level.
Conversely, pullbacks in the short term would have to contend with support at the $0.04 mark, above which the stock remains bullish. A breach of the critical support level could result in the stock plunging back to 52-week lows of $0.02.
As it stands, Quantum Materials remains well positioned to continue powering high as it is trading above a critical technical level at $0.05.
ABOUT QUANTUM MATERIALS
Quantum Materials bills itself as a nanotechnology company focused on the design and development of quantum dots as well as tetrapods among other nanoparticles. Its diverse array of products are used in a range of applications including TV and display sets, optoelectronics and photovoltaic.
WHY IS QUANTUM MATERIALS SKYROCKETING?
Shares of Quantum Materials are skyrocketing on the nanotechnology company receiving a license fee for a large-scale quantum dot production in India. The company has received an initial $500k with the confirmation of an additional $500k balance as part of a development agreement signed with Amtronics CC.
Under the terms of the agreement, Amtronics has the right to manufacture quantum dots for commercial supply in the Indian market.
The agreement paves the way for a large scale, low-cost quantum dot production of ultra-high definition displays panels. Amtronics CC is also to produce solid-state lighting and dot driven thin-film solar cells.
“With this payment now in place we are ready to move aggressively forward on this exciting new venture with our license partners Amtronics CC and AMTRON to bring the incredible power of quantum dots and the products they can make better to the India marketplace,” stated Stephen B. Squires, President and CEO of Quantum Materials Corp.
INDIA OPPORTUNITY
India presents a unique opportunity for Quantum Materials given that the government has made a priority to enhance the development of renewable energy sources. With a good percentage of the renewable energy poised to come from solar, the company’s thin-film quantum dot solar remains well positioned to benefit.
Quantum Materials has already laid a comprehensive roadmap to provide the solution with a completed solar cell design. Having already received the initial funding, the company intends to provide two large-scale quantum dot reactors at its India facility.
“As India represents one of the largest renewable energy and consumer electronics markets in the world, our partnership with Amtronics CC is an important step in expanding the value of the QMC franchise globally. This partnership will allow us to address global challenges such as rising energy costs, energy security, increasing power consumption and environmental quality on a more rapid basis,” Squires concluded.
BOTTOM LINE
India presents one of the biggest opportunity that Quantum Materials can leverage on its bid to strengthen its streams of revenues. The size of the country’s population provides an exciting market target that the company can target with its thin-film quantum dot solar.
Quantum Materials is on the right track, on its push for opportunities in the Indian market with its solar cell solutions. It thus does not come as a surprise that the stock has started eliciting renewed investor interest in the market.
Share price gains are likely to continue as market sentiments continue to inch higher. For early movers, Quantum Materials is an ideal pick for gaining exposure in the renewable energy sector. The stock is trading at a discount but with a tremendous opportunity given the Indian opportunity at stake.
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Disclosure: We have no position in QTMM and have not been compensated for this article.
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