Update on the development of QMC's licensee Amtron
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Posted On: 12/26/2019 2:04:19 AM
Update on the development of QMC's licensee Amtronics in the Tech City
(You can see the nuance of the text and picture better if you increase the zoom size in the computer to over 100%)
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 2019.
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".
December 21 night street view at the Tech City gate reveals a site camp, a barracks for the securities personnel and Amtronics's quantum dot production plant.
https://goo.gl/maps/3ho6GZv5taE2zzx56
Aerial view of Amtronics's offsite quantum dot production plant and onsite quantum dot application product manufacturing Complex
https://investorshangout.com/images/MYImages/...4720_1.jpg
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 November 26 aerial photos landscaping around Block 6 and 7 was already in progress, construction of the manufacturing Complex will follow.
November 26 aerial view shows Amtronics's quantum dot production plant has been completed and construction of the QD application product manufacturing Complex in Block 6 and 7 has begun
CloseupBlock6,7.png)
https://investorshangout.com/images/MYImages/...ock6,7.png
Juxtaposing the rotated 180 degree aerial photo and the picture with the monk
.png)
https://investorshangout.com/images/MYImages/...2(PNG).png
The QD application product manufacturing Complex
ThemanufacturingComplex.png)
https://investorshangout.com/images/MYImages/...omplex.png
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.
Companies to be operating in the Tech City
So far, the following companies are confirmed to open their offices in the tech park. The companies include names from IT, electronics and manufacturing industries. The sectors of production include Quantum Dot NanoCrystals, Solar PV, Photonics, Smart Meter, Internet of Things, Robotics, and Artificial Intelligence.
M/S Simoco Telecommunications (Kolkata) Ltd having key product line – LED lights manufacturing and proposed investment of Rs 6.5 crores.
M/S Amtronics CC (US based) which, for the first time in India, will be manufacturing Quantum Dots Nano Crystals and other downstream products with proposed investment of Rs 104 crores (US$14.7 million). ( https://amtronicsindia.com/ )
DS Systems Pvt Ltd (Guwahati) having key product line - Power Conditioning Equipment and Solar Products manufacturing with proposed investment of Rs 6 crores.
M/S Rashmi Smart Meters Pvt Ltd and Reach Seamless Ltd (Kolkata) which will be setting up electronic manufacturing service unit for PCBA using SMT Technology.
Responsible eWaste Management Pvt Ltd (Siliguri) which will be setting up an e-waste management plant.
Responsible eWaste Management Pvt Ltd (Siliguri) which will be setting up an e-waste management plant.
Employment Generation:
The tech park is expected to generate employment for almost 8,000 youth in the state, directly and indirectly. Speaking on this, MK Yadav, Managing Director, AMTRON said, “The Park will generate huge employment opportunities in the region. The skilled youth, unlike before, will not have to go out of the state to make a livelihood. For the first time, such an opportunity has opened up in the state. The park is expected to boost Assam’s economy to large extent.”
https://www.guwahatiplus.com/article-detail/t...8000-youth
(You can see the nuance of the text and picture better if you increase the zoom size in the computer to over 100%)
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 2019.
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".
December 21 night street view at the Tech City gate reveals a site camp, a barracks for the securities personnel and Amtronics's quantum dot production plant.
https://goo.gl/maps/3ho6GZv5taE2zzx56
Aerial view of Amtronics's offsite quantum dot production plant and onsite quantum dot application product manufacturing Complex
https://investorshangout.com/images/MYImages/...4720_1.jpg
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 November 26 aerial photos landscaping around Block 6 and 7 was already in progress, construction of the manufacturing Complex will follow.
November 26 aerial view shows Amtronics's quantum dot production plant has been completed and construction of the QD application product manufacturing Complex in Block 6 and 7 has begun
https://investorshangout.com/images/MYImages/...ock6,7.png
Juxtaposing the rotated 180 degree aerial photo and the picture with the monk
https://investorshangout.com/images/MYImages/...2(PNG).png
The QD application product manufacturing Complex
https://investorshangout.com/images/MYImages/...omplex.png
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.
Companies to be operating in the Tech City
So far, the following companies are confirmed to open their offices in the tech park. The companies include names from IT, electronics and manufacturing industries. The sectors of production include Quantum Dot NanoCrystals, Solar PV, Photonics, Smart Meter, Internet of Things, Robotics, and Artificial Intelligence.
M/S Simoco Telecommunications (Kolkata) Ltd having key product line – LED lights manufacturing and proposed investment of Rs 6.5 crores.
M/S Amtronics CC (US based) which, for the first time in India, will be manufacturing Quantum Dots Nano Crystals and other downstream products with proposed investment of Rs 104 crores (US$14.7 million). ( https://amtronicsindia.com/ )
DS Systems Pvt Ltd (Guwahati) having key product line - Power Conditioning Equipment and Solar Products manufacturing with proposed investment of Rs 6 crores.
M/S Rashmi Smart Meters Pvt Ltd and Reach Seamless Ltd (Kolkata) which will be setting up electronic manufacturing service unit for PCBA using SMT Technology.
Responsible eWaste Management Pvt Ltd (Siliguri) which will be setting up an e-waste management plant.
Responsible eWaste Management Pvt Ltd (Siliguri) which will be setting up an e-waste management plant.
Employment Generation:
The tech park is expected to generate employment for almost 8,000 youth in the state, directly and indirectly. Speaking on this, MK Yadav, Managing Director, AMTRON said, “The Park will generate huge employment opportunities in the region. The skilled youth, unlike before, will not have to go out of the state to make a livelihood. For the first time, such an opportunity has opened up in the state. The park is expected to boost Assam’s economy to large extent.”
https://www.guwahatiplus.com/article-detail/t...8000-youth
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