Merry Christmas everyone. Update on QMC's opera
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Posted On: 12/25/2019 2:12:20 PM
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Merry Christmas everyone.
Update on QMC's operation
The company has received orders totaling $1 million for two high volume quantum dot production systems in June. The two systems have been delivered to the licensee and deployed at the lincensee's Tech City site in Assam India, the quantum dot production plant is expected to be completed in November. The company has also received orders for additional quantum dot process equipment totaling roughly $500K to be delivered in the 4th quarter of this year.
M.K. Yadava, CEO of Assam Electronics Development Corp, stated: "We are excited to see our vision taking shape in this exciting new venture to build next generation technology utilizing quantum dot materials. We are making excellent progress in constructing the new quantum dot facilities here at Tech City and with weather permitting, we believe the new facility will be completed according to schedule with an opening date on or about November 2019".
Media news reported that the Assam government has received Rs 196 crore (US$27 million) from the Central Government for the Guwahati Smart City project. As witnessed in the aerial photos, as of November 26, landscaping around Block 6 and 7 was already in progress, construction of the manufacturing Complex should follow.
November 26 aerial view shows Amtronics's quantum dot production plant has been completed, also Google's night street view dated December 21 at the Tech City reveals an elegant building at the Tech Ctiy gate.
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https://investorshangout.com/images/MYImages/...ock6,7.png
Night street view at the Tech City gate reveals a site camp, barracks for the securities personnel and Amtronics's quantum dot production plant.
https://goo.gl/maps/3ho6GZv5taE2zzx56
QMC intends to upgrade the reactors at Tech City to connect them to its QDXTM Ledger blockchain platform. This will allow the volume of quantum dot production, which is expected to be higher than originally budgeted, to be monitored and appropriate royalties recovered.
“We are grateful to Dr. Balchin and his team for their continued dedication to a timely completion of Tech City and look forward to hosting key Amtronics technical and laboratory staff for specialist training at QMC’s HQ here in San Marcos, Texas,” said Stephen B. Squires, President & CEO of Quantum Materials Corp.
Once Tech City goes live, QMC expects to begin earning royalties from the licensing of its technology in addition to the current and continued revenues from the provision of its QDXTM Reactor systems and ancillary equipment and services.
Summary of incurring revenues from licensee Amtronics:
Licensing fee: $1 million
Sales of the 2 micro reactors: $1 million
Sales of ancillary equipment: $0.5 million
Sales of quantum dot solar cell film printer in 2020: pending
Training and consultant services at QMC's head quarter in San Marcos, Texas: pending
According to the January 16 Shareholders Update, total revenue from the licensee in India in goods and services is expected to be around $7 million in 2020.
Update on QMC's operation
The company has received orders totaling $1 million for two high volume quantum dot production systems in June. The two systems have been delivered to the licensee and deployed at the lincensee's Tech City site in Assam India, the quantum dot production plant is expected to be completed in November. The company has also received orders for additional quantum dot process equipment totaling roughly $500K to be delivered in the 4th quarter of this year.
M.K. Yadava, CEO of Assam Electronics Development Corp, stated: "We are excited to see our vision taking shape in this exciting new venture to build next generation technology utilizing quantum dot materials. We are making excellent progress in constructing the new quantum dot facilities here at Tech City and with weather permitting, we believe the new facility will be completed according to schedule with an opening date on or about November 2019".
Media news reported that the Assam government has received Rs 196 crore (US$27 million) from the Central Government for the Guwahati Smart City project. As witnessed in the aerial photos, as of November 26, landscaping around Block 6 and 7 was already in progress, construction of the manufacturing Complex should follow.
November 26 aerial view shows Amtronics's quantum dot production plant has been completed, also Google's night street view dated December 21 at the Tech City reveals an elegant building at the Tech Ctiy gate.
https://investorshangout.com/images/MYImages/...ock6,7.png
Night street view at the Tech City gate reveals a site camp, barracks for the securities personnel and Amtronics's quantum dot production plant.
https://goo.gl/maps/3ho6GZv5taE2zzx56
QMC intends to upgrade the reactors at Tech City to connect them to its QDXTM Ledger blockchain platform. This will allow the volume of quantum dot production, which is expected to be higher than originally budgeted, to be monitored and appropriate royalties recovered.
“We are grateful to Dr. Balchin and his team for their continued dedication to a timely completion of Tech City and look forward to hosting key Amtronics technical and laboratory staff for specialist training at QMC’s HQ here in San Marcos, Texas,” said Stephen B. Squires, President & CEO of Quantum Materials Corp.
Once Tech City goes live, QMC expects to begin earning royalties from the licensing of its technology in addition to the current and continued revenues from the provision of its QDXTM Reactor systems and ancillary equipment and services.
Summary of incurring revenues from licensee Amtronics:
Licensing fee: $1 million
Sales of the 2 micro reactors: $1 million
Sales of ancillary equipment: $0.5 million
Sales of quantum dot solar cell film printer in 2020: pending
Training and consultant services at QMC's head quarter in San Marcos, Texas: pending
According to the January 16 Shareholders Update, total revenue from the licensee in India in goods and services is expected to be around $7 million in 2020.
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