QMC bags fresh Amtronics order for solar cell prod
Post# of 22453
(Total Views: 331)
Posted On: 07/26/2019 7:38:21 AM
QMC bags fresh Amtronics order for solar cell production equipment
The $500k order follows the delivery of two high-volume quantum-dot production systems—valued at $1 million—to support roll-to-roll printing of thin-film solar cells at Assam facility.
JULY 26, 2019 UMA GUPTA
U.S.-based Quantum Materials Corp (QMC)—a cadmium-free quantum-dot and nanomaterials manufacturer—has received an additional $500k equipment order from construction and electronics business Amtronics to support quantum-dot based solar cell printing through joint venture Qamronics India. The equipment order is scheduled for delivery during the fourth quarter of this year.
Formed by Amtronics and the state-owned Assam Electronics Development Corp Ltd (Amtron), the Qamronics quantum-dot development/production facility is part of the Tech City project in Assam, which is currently under construction with a target completion date of November 2019.
In June, QMC had won Amtronics order totaling $1 million for two high-volume quantum-dot production systems. The order was secured with a letter of credit issued by Amtron.
“The two systems are already in transit for delivery to the Assam facility,” according to a press statement by QMC.
“The shipment of these two units clears the payment obligation for the first $700,000 of the sale amount, which is being satisfied by a Letter of Credit established by Amtron to fund this project. Once the equipment have been installed, an additional $150,000 will be eligible for transfer to Quantum Materials Corp., with the final $150,000 eligible for payment to Quantum Materials once the units have been certified for production at the facility”—added the press statement.
QMC CEO Stephen B. Squires commented, “Our team is doing a fantastic job of manufacturing and delivering the highly specialized quantum-dot production equipment required to fulfill our licensees’ specifications for this forward-thinking project. It is very exciting to see the project footprint increase from 20,000 to 75,000 sq. ft, enabling us to expand our mission of developing infrastructure to support roll-to-roll printing of next-generation quantum-dot based thin-film solar cells.”
In addition to thin-film solar cells, the Assam factory will also develop flat panel displays and solid-state LED lighting.
Amtronics India CEO Dr Tony Balchin added, “Due to the substantial increase in size of the facility, we are now including a multi-story quantum-dot laboratory and factory complex incorporating the latest engineering and environmental technologies. Design work is nearly completed and we have appointed a local architectural/engineering company as the ‘Architect of Record’ to prepare conceptual designs as well as execute detailed engineering plans of the project in accordance with all local regulations and building codes.”
https://www.pv-magazine-india.com/2019/07/26/...equipment/
The $500k order follows the delivery of two high-volume quantum-dot production systems—valued at $1 million—to support roll-to-roll printing of thin-film solar cells at Assam facility.
JULY 26, 2019 UMA GUPTA
U.S.-based Quantum Materials Corp (QMC)—a cadmium-free quantum-dot and nanomaterials manufacturer—has received an additional $500k equipment order from construction and electronics business Amtronics to support quantum-dot based solar cell printing through joint venture Qamronics India. The equipment order is scheduled for delivery during the fourth quarter of this year.
Formed by Amtronics and the state-owned Assam Electronics Development Corp Ltd (Amtron), the Qamronics quantum-dot development/production facility is part of the Tech City project in Assam, which is currently under construction with a target completion date of November 2019.
In June, QMC had won Amtronics order totaling $1 million for two high-volume quantum-dot production systems. The order was secured with a letter of credit issued by Amtron.
“The two systems are already in transit for delivery to the Assam facility,” according to a press statement by QMC.
“The shipment of these two units clears the payment obligation for the first $700,000 of the sale amount, which is being satisfied by a Letter of Credit established by Amtron to fund this project. Once the equipment have been installed, an additional $150,000 will be eligible for transfer to Quantum Materials Corp., with the final $150,000 eligible for payment to Quantum Materials once the units have been certified for production at the facility”—added the press statement.
QMC CEO Stephen B. Squires commented, “Our team is doing a fantastic job of manufacturing and delivering the highly specialized quantum-dot production equipment required to fulfill our licensees’ specifications for this forward-thinking project. It is very exciting to see the project footprint increase from 20,000 to 75,000 sq. ft, enabling us to expand our mission of developing infrastructure to support roll-to-roll printing of next-generation quantum-dot based thin-film solar cells.”
In addition to thin-film solar cells, the Assam factory will also develop flat panel displays and solid-state LED lighting.
Amtronics India CEO Dr Tony Balchin added, “Due to the substantial increase in size of the facility, we are now including a multi-story quantum-dot laboratory and factory complex incorporating the latest engineering and environmental technologies. Design work is nearly completed and we have appointed a local architectural/engineering company as the ‘Architect of Record’ to prepare conceptual designs as well as execute detailed engineering plans of the project in accordance with all local regulations and building codes.”
https://www.pv-magazine-india.com/2019/07/26/...equipment/
(0)
(0)Quantum Materials Corp. (QTMM) Stock Research Links
Scroll down for more posts ▼