Ultimately QMC will be banking funds throughout the year related to the India project and when these receivables show up on the balance sheet the company will have some breathing room.This is where the Chinese JV should have been a couple years ago and we wouldn't be stressed about our investment.Fortunately unlike many small business startups that struggle and fail QMC has managed to drag itself to the starting line.I believe their current licensing model is easily repeatable anywhere in the world and hope we see more projects like Assam signed soon.This will be the largest QD facility in the world capable of producing solar,lighting,battery tech,displays and whatever else QMC has to offer that QDs can be used for.The fact India alone is in desperate need of cheaper solar and lighting products for their own domestic market makes for an immediate supply of business $$ to fund further expansion of QD related products.Its a waiting game for new and old investors alike.To the long time holders it seems we will finally see our vision for QMC QD tech come to fruition by years end.
From the 2019 SH letter
Thoughts
I’ll be the first to admit that the Company has experienced several false starts over the past as we have attempted to
commercialize our nano-material platform, and therefore I have learned to maintain cautious optimism. This has certainly been a
difficult journey for all of us that work at QMC and I know this has been an arduous journey for our shareholders as well. That
being said, as I am preparing to make the trip to India to participate in the January 16, 2019 ground breaking ceremonies at
Tech City in Guwahati, I have tremendous anticipation for this venture and more excitement for our future than I think I have ever
had in the past. In fact I expect the next few months will be looked back upon as THE major turning point for QMC’s growth
strategy. I have always been most passionate about these amazing new materials potential to deliver on the promise of
extremely low cost per kWh, large scale production of QD based 3rd generation solar produced via roll-to-roll processing
equipment. I am also very excited to see the Company move into a position that will allow us to finally fund the accelerated
scale-up and commercialization of this disruptive technology that will be able to be produced anywhere in the world (not just in
the mostly Asian based multi-billion dollar silicon billet superfabs). I am also looking forward to building a strong relationship with
the India Institute of Technology in Guwahati and truly believe that through our collaborative efforts we can significantly leverage
our patented flow technology to enable many new and disruptive applications - and do so in a rapid and economical manner.
Our plans also include delivering this technology to countries other than India and we are already in advanced talks with several
other groups to make this happen in 2019 as many countries are interested in lowering the cost of renewable energy generation
and becoming less dependent on fossil fuels.
From the 2019 SH letter
Thoughts
I’ll be the first to admit that the Company has experienced several false starts over the past as we have attempted to
commercialize our nano-material platform, and therefore I have learned to maintain cautious optimism. This has certainly been a
difficult journey for all of us that work at QMC and I know this has been an arduous journey for our shareholders as well. That
being said, as I am preparing to make the trip to India to participate in the January 16, 2019 ground breaking ceremonies at
Tech City in Guwahati, I have tremendous anticipation for this venture and more excitement for our future than I think I have ever
had in the past. In fact I expect the next few months will be looked back upon as THE major turning point for QMC’s growth
strategy. I have always been most passionate about these amazing new materials potential to deliver on the promise of
extremely low cost per kWh, large scale production of QD based 3rd generation solar produced via roll-to-roll processing
equipment. I am also very excited to see the Company move into a position that will allow us to finally fund the accelerated
scale-up and commercialization of this disruptive technology that will be able to be produced anywhere in the world (not just in
the mostly Asian based multi-billion dollar silicon billet superfabs). I am also looking forward to building a strong relationship with
the India Institute of Technology in Guwahati and truly believe that through our collaborative efforts we can significantly leverage
our patented flow technology to enable many new and disruptive applications - and do so in a rapid and economical manner.
Our plans also include delivering this technology to countries other than India and we are already in advanced talks with several
other groups to make this happen in 2019 as many countries are interested in lowering the cost of renewable energy generation
and becoming less dependent on fossil fuels.
1
