Summary on Amtronics's operation in the Smart Tech
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Posted On: 03/11/2020 1:50:12 AM
Summary on Amtronics's operation in the Smart Tech City.
(You can see the picture and text better if you increase the zoom in your computer to over 100%)
Flashback on Press Release of June 13, July 23 and October 24:
San Marcos Texas, June 13, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has received orders totaling $1 million for two high volume quantum dot production systems. The $1M order has been placed by Amtronics LLC and has been secured with a letter of credit issued by Assam Electronic Development Corporation Limited. The two systems are scheduled to be delivered to Amtronics LLC on or before June 30, 2019 and will be deployed at the Quantum Materials Corp’s licensee’ new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
Quantum Material's is the leader in high volume, low cost, quantum dot production using its patented continuous flow process technologies. Their QDX™ dots have been engineered to provide long-term reliability making them ideally suited for solar, energy storage, lighting and display applications.
Quantum Materials Corp CEO Stephen B. Squires commented, “We are pleased to see our patented technology being deployed in India and we are working closely with our licensees to better understand the Indian market and the nuances of doing business in this rapidly developing region. In addition to our primary mission of developing infrastructure to support roll-to-roll printing of next-generation quantum dot-based thin-film solar cells, the Tech City plant will be developing technology to support commercial production of QD based films for high color gamut flat panel displays as well as QD-LED general lighting and energy storage applications.”
Commenting on the news, 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 Nov 2019. The required battery of soil, pile load and water quality tests have all been completed at this time. Finish grading and secondary ground preparations for the project area have also been completed and facilities construction work will be commencing at this time."
Squires concluded that, “The Indian market for solar and high efficiency LED lighting technologies holds enormous potential. We believe our strategy to license our technologies to well positioned strategic partners with Indian government participation is a winning combination and one that we intend to continue to build on. With above-ground construction now ready to commence, we expect a steady stream of updates on this project from our partners and will be releasing additional updates on a periodic basis as the project progresses and approaches completion in the fourth quarter of this year.”
~~~~~~~~~~~~~~~~~~~~~~~
San Marcos Texas, July 23, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp (OTCQB: QTMM) today announced an update for the joint quantum dot development/production facility, which is part of the new Tech City project being built in Assam, India being coordinated and funded by licensee Amtronics India LLC. As reported by Amtronics, construction remains on track with no delays to the original schedule even given the fact there has been major expansion to the project's footprint as well as heavy rainfall and flooding experienced in this region during the Monsoon season. Completion date for move-in is still anticipated to be sometime in the mid-to-late fourth quarter of 2019.
Amtronics India LLCs CEO Dr. Tony Balchin stated, “Due to the substantial increase in size of the facility, initially specified at 20,000 sq. ft. and subsequently increased to 75,000 sq. ft., we are now including a multi-story quantum dot laboratory and factory complex incorporating the latest engineering & 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. In addition to our appointed local architects, we have engaged a "Lead Architect" experienced in factory and environmental design to ensure our project will be "state of the art". Site development including the artificial lake and infrastructure works in the commons areas have progressed well and are either done or are nearing completion. Test piling for the quantum dot facility has been completed and the structural design is being finalized at this time. As soon as the monsoon season is finished, we will be starting on piling and substructure work followed by superstructure works and we are confident that all above-ground construction of the building will be completed by November/December 2019. At this time we are negotiating with local building contractors/subcontractors and expect to commence above ground construction in early August of this year.”
Regarding specialized quantum dot production equipment for this project, construction of two high volume quantum dot production systems valued at $1M has now been completed. These units are now in transit for delivery to the new quantum dot production facility in Assam, India. 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 ASSAM ELECTRONIC DEVELOPMENT CORPORATION LIMITED (Amtron) to fund this project. Once the equipment has 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. Quantum Material's has also received orders for additional quantum dot process equipment totaling roughly $500K. That equipment order is scheduled for delivery during the 4th quarter of this year.
Quantum Materials Corp 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 the core mission of thin film solar cells, the Tech City production plan will also be developing technology to support commercial production of QD-based films for high color gamut flat panel displays as well as QD-LED based general lighting.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
San Marcos, TX, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Leading American nanomaterial and cadmium free quantum dot producer and product company Quantum Materials Corp (OTCQB:QTMM) today provided an update on the expansion and construction progress of Tech City in Assam, India, and on the planned commencement of the production of QDXTM Dots there.
Originally planned to occupy 20,000 sq. ft., Tech City is now being constructed to a 75,000 sq. ft. footprint, with redesigned waste management and recycling systems to support the multi-story quantum dot laboratory and factory complex.
“Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility,” said Dr. Tony Balchin, CEO of Amtronics India LLC, which is coordinating the project and is the licensee of QMC’s QDXTM Reactor technology. “Despite unprecedented monsoon rainfall in the region, our offsite prefabrication work has continued to allow for expedited installation onsite. Project funding is progressing as planned, which also allows us to advance onsite work.”
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 based on above Press Release and ongoing aerial view of the Tech City:
September 15 aerial photo shows severe flooding especially in the IIIT area
November 18 aerial view of Tech City and the building at the Gate
Nov18,2019(2min54.4sec).jpg)
Tech City aerial view (Feb 23, 2020)
June 13 PR: The two systems are scheduled to be delivered to Amtronics LLC on or before June 30, 2019 and will be deployed at the Quantum Materials Corp’s licensee’ new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
July 23 PR: As reported by Amtronics, construction remains on track with no delays to the original schedule even given the fact there has been major expansion to the project's footprint as well as heavy rainfall and flooding experienced in this region during the Monsoon season. Completion date for move-in is still anticipated to be sometime in the mid-to-late fourth quarter of 2019.
Oct 24 PR: "Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility ,” said Dr. Tony Balchin, CEO of Amtronics India LLC, which is coordinating the project and is the licensee of QMC’s QDXTM Reactor technology. “Despite unprecedented monsoon rainfall in the region, our "OFFSITE PREFABRICATION WORK" has continued to allow for expedited installation onsite. Project funding is progressing as planned, which also allows us to advance ONSITE work.
Oct 24 PR: "Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility,” said Dr. Tony Balchin. So Tony Balchin was saying quantum dot production will begin in Q1, 2020 in the building at the Gate which is "OFFSITE" from the interior of Tech City ahead of the completion of the Quantum Dot Nano Complex (The Complex) whose construction has not begun yet due to funding delay as he said project funding is progressing as planned (but has not been received) and will allow them to advance ONSITE work, that is, start constructing the nano Complex. The Complex is Amtronics's property and will be leased out to Amtronics's OEM customers/tenants manufacturing QD Solar Panel, QD TV Display and Solid State QD LED Lighting products with the "QDX" trade mark for its market initiatives.
San Marcos Texas, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has signed a License and Development Agreement with Amtronics CC to allow for the establishment of large scale, low cost quantum dot production for the development and future commercial manufacture of: ultra-high definition display panels (UHDTV); solid state lighting (SSL) LED's; and quantum dot driven thin-film solar cells (QDSC). The Agreement provides Amtronics CC with the right to manufacture quantum dots and thin-film quantum dot solar cells for commercial supply in India, as well as the right to use the QDXTM trademark and technical data to support its marketing initiatives.
Amtronics will supply quantum dots and solar films to its OEM customers in the Complex. It is logical that the 2 reactors have been shipped before end of June as described in the June 13 PR and have already been received and installed in the building at the Gate. According to Tony Balchin, quantum dot production will begin in the First Quarter of 2020.
Closeup view reveals flood water barricade around Tech City
TechCityhasafloodwaterbarricade.png)
As seen from the above close up photo, the land in the Tech City is elevated and has flood water barricade to prevent flood water from entering and to prevent land erosion. So the delay in construction of the Complex is not due to flooding but due to funding delay. It sounds better to blame mother Nature for flooding rather than funding delay. Amtronics is a private company, it has the right to keep its financial matter confidential from the public. It is true that the construction of the quantum dot producton plant has met the scheduled completion date in the Fourth Quarter as witnessed from the aerial photos. Amtronics's deal with QMC is licensing QMC's propriertary continuous flow quantum dot production technology and ensuring that QMC's micro reactors will be securely housed while QMC's obligation is to provide technological support and to ensure the reactors will be functioning perfectly. Amtronics also demands that QMC will achieve energy conversion efficiency of 15% in solar film by May 2020 as well as upgrading to the latest version afterward. Amtronics's construction of the nano Complex and the dealing with its own customers is an internal matter and is not QMC's concern. But media news dated December 5 said that the Assam government has received 196 Crore (US$27 million) from the Central Government, that will help Amtron, the State owned company and joint venture partner of Amtronics to start the "ONSITE" construction of the nano Complex soon.
December 5 news: Assam government has just received 196cr from Centre for Guwahati Smart City project: Sidhartha Bhattacharya
https://government.economictimes.indiatimes.c...a/72384488
1 Crore = US$0.142 million
Closing Thought:
Investors should not have doubt the building at the Gate belongs to Amtronics. The Tech City layout plan shows only the Common Facilities Centre, nothing else and Amtronics is the only company operating in the Tech City, so that building at the Gate cannot belong to other company cannot belong to the Tech City management. Investors should be puzzled by the ambiguous information in QMC's press releases which originated from Tony Balchin, he talked about "onsite" operation and "offsite" operation, he talked about completion of the facilities by November right on schedule and quantum dot production will begin in Q1, 2020 and he talked about "funding is in progress that will help the ONSITE work". Because there are 2 projects in Amtronics operation: One project is to deal with QMC and the Licensing Agreement and the other project which has nothing to do with QMC but is an "internal affair", it is to deal with its future sales of quantum dots and solar film. The "offsite" building at the Gate is to house the 2 reactors Amtronics ordered in June and is scheduled to produce quantum dot in Q1, 2020. The "onsite" Complex whose construction has not yet begun will deal with Amtronics's future sale of quantum dot and solar films to its OEM manufacturer customers in Solar, Display and LED Lighting applications. Tony Balchin simply blended the 2 operations together as one, that is why it is confusing. Probably Stephen Squires does not know what is happening in Amtronics's operation in the Tech City too, his knowledge is based on what Tony Balchin feeds him. With the aerial photos, shareholders are more informed than Stephen.
May be Tony Balchin has his own planned schedule, what is the point of completing the nano Complex while quantum dot production has not yet accomplished and QMC's 15% energy conversion efficiency is still in the waiting. It will take only a few months to complete the nano Complex and with minimum royalties payment to commence in January 2021, Tony Balchin is more anxious and urgent to complete the Complex than we shareholders.
The nano Complex is likely located in Block 4,5 as landscaping there has been done, may be there will be sign of construction soon.
(You can see the picture and text better if you increase the zoom in your computer to over 100%)
Flashback on Press Release of June 13, July 23 and October 24:
San Marcos Texas, June 13, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has received orders totaling $1 million for two high volume quantum dot production systems. The $1M order has been placed by Amtronics LLC and has been secured with a letter of credit issued by Assam Electronic Development Corporation Limited. The two systems are scheduled to be delivered to Amtronics LLC on or before June 30, 2019 and will be deployed at the Quantum Materials Corp’s licensee’ new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
Quantum Material's is the leader in high volume, low cost, quantum dot production using its patented continuous flow process technologies. Their QDX™ dots have been engineered to provide long-term reliability making them ideally suited for solar, energy storage, lighting and display applications.
Quantum Materials Corp CEO Stephen B. Squires commented, “We are pleased to see our patented technology being deployed in India and we are working closely with our licensees to better understand the Indian market and the nuances of doing business in this rapidly developing region. In addition to our primary mission of developing infrastructure to support roll-to-roll printing of next-generation quantum dot-based thin-film solar cells, the Tech City plant will be developing technology to support commercial production of QD based films for high color gamut flat panel displays as well as QD-LED general lighting and energy storage applications.”
Commenting on the news, 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 Nov 2019. The required battery of soil, pile load and water quality tests have all been completed at this time. Finish grading and secondary ground preparations for the project area have also been completed and facilities construction work will be commencing at this time."
Squires concluded that, “The Indian market for solar and high efficiency LED lighting technologies holds enormous potential. We believe our strategy to license our technologies to well positioned strategic partners with Indian government participation is a winning combination and one that we intend to continue to build on. With above-ground construction now ready to commence, we expect a steady stream of updates on this project from our partners and will be releasing additional updates on a periodic basis as the project progresses and approaches completion in the fourth quarter of this year.”
~~~~~~~~~~~~~~~~~~~~~~~
San Marcos Texas, July 23, 2019 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp (OTCQB: QTMM) today announced an update for the joint quantum dot development/production facility, which is part of the new Tech City project being built in Assam, India being coordinated and funded by licensee Amtronics India LLC. As reported by Amtronics, construction remains on track with no delays to the original schedule even given the fact there has been major expansion to the project's footprint as well as heavy rainfall and flooding experienced in this region during the Monsoon season. Completion date for move-in is still anticipated to be sometime in the mid-to-late fourth quarter of 2019.
Amtronics India LLCs CEO Dr. Tony Balchin stated, “Due to the substantial increase in size of the facility, initially specified at 20,000 sq. ft. and subsequently increased to 75,000 sq. ft., we are now including a multi-story quantum dot laboratory and factory complex incorporating the latest engineering & 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. In addition to our appointed local architects, we have engaged a "Lead Architect" experienced in factory and environmental design to ensure our project will be "state of the art". Site development including the artificial lake and infrastructure works in the commons areas have progressed well and are either done or are nearing completion. Test piling for the quantum dot facility has been completed and the structural design is being finalized at this time. As soon as the monsoon season is finished, we will be starting on piling and substructure work followed by superstructure works and we are confident that all above-ground construction of the building will be completed by November/December 2019. At this time we are negotiating with local building contractors/subcontractors and expect to commence above ground construction in early August of this year.”
Regarding specialized quantum dot production equipment for this project, construction of two high volume quantum dot production systems valued at $1M has now been completed. These units are now in transit for delivery to the new quantum dot production facility in Assam, India. 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 ASSAM ELECTRONIC DEVELOPMENT CORPORATION LIMITED (Amtron) to fund this project. Once the equipment has 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. Quantum Material's has also received orders for additional quantum dot process equipment totaling roughly $500K. That equipment order is scheduled for delivery during the 4th quarter of this year.
Quantum Materials Corp 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 the core mission of thin film solar cells, the Tech City production plan will also be developing technology to support commercial production of QD-based films for high color gamut flat panel displays as well as QD-LED based general lighting.”
~~~~~~~~~~~~~~~~~~~~~~~~~~~~
San Marcos, TX, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Leading American nanomaterial and cadmium free quantum dot producer and product company Quantum Materials Corp (OTCQB:QTMM) today provided an update on the expansion and construction progress of Tech City in Assam, India, and on the planned commencement of the production of QDXTM Dots there.
Originally planned to occupy 20,000 sq. ft., Tech City is now being constructed to a 75,000 sq. ft. footprint, with redesigned waste management and recycling systems to support the multi-story quantum dot laboratory and factory complex.
“Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility,” said Dr. Tony Balchin, CEO of Amtronics India LLC, which is coordinating the project and is the licensee of QMC’s QDXTM Reactor technology. “Despite unprecedented monsoon rainfall in the region, our offsite prefabrication work has continued to allow for expedited installation onsite. Project funding is progressing as planned, which also allows us to advance onsite work.”
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 based on above Press Release and ongoing aerial view of the Tech City:
September 15 aerial photo shows severe flooding especially in the IIIT area
November 18 aerial view of Tech City and the building at the Gate
Tech City aerial view (Feb 23, 2020)
June 13 PR: The two systems are scheduled to be delivered to Amtronics LLC on or before June 30, 2019 and will be deployed at the Quantum Materials Corp’s licensee’ new Tech City site in Assam India, currently under construction with a target completion date of November 2019.
July 23 PR: As reported by Amtronics, construction remains on track with no delays to the original schedule even given the fact there has been major expansion to the project's footprint as well as heavy rainfall and flooding experienced in this region during the Monsoon season. Completion date for move-in is still anticipated to be sometime in the mid-to-late fourth quarter of 2019.
Oct 24 PR: "Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility ,” said Dr. Tony Balchin, CEO of Amtronics India LLC, which is coordinating the project and is the licensee of QMC’s QDXTM Reactor technology. “Despite unprecedented monsoon rainfall in the region, our "OFFSITE PREFABRICATION WORK" has continued to allow for expedited installation onsite. Project funding is progressing as planned, which also allows us to advance ONSITE work.
Oct 24 PR: "Production of QDXTM Dots is expected to begin in Q1 2020, ahead of the completion of the entire facility,” said Dr. Tony Balchin. So Tony Balchin was saying quantum dot production will begin in Q1, 2020 in the building at the Gate which is "OFFSITE" from the interior of Tech City ahead of the completion of the Quantum Dot Nano Complex (The Complex) whose construction has not begun yet due to funding delay as he said project funding is progressing as planned (but has not been received) and will allow them to advance ONSITE work, that is, start constructing the nano Complex. The Complex is Amtronics's property and will be leased out to Amtronics's OEM customers/tenants manufacturing QD Solar Panel, QD TV Display and Solid State QD LED Lighting products with the "QDX" trade mark for its market initiatives.
San Marcos Texas, Nov. 19, 2018 (GLOBE NEWSWIRE) -- Leading American cadmium-free quantum dot and nanomaterials manufacturer Quantum Materials Corp, (OTCQB: QTMM) announced today that it has signed a License and Development Agreement with Amtronics CC to allow for the establishment of large scale, low cost quantum dot production for the development and future commercial manufacture of: ultra-high definition display panels (UHDTV); solid state lighting (SSL) LED's; and quantum dot driven thin-film solar cells (QDSC). The Agreement provides Amtronics CC with the right to manufacture quantum dots and thin-film quantum dot solar cells for commercial supply in India, as well as the right to use the QDXTM trademark and technical data to support its marketing initiatives.
Amtronics will supply quantum dots and solar films to its OEM customers in the Complex. It is logical that the 2 reactors have been shipped before end of June as described in the June 13 PR and have already been received and installed in the building at the Gate. According to Tony Balchin, quantum dot production will begin in the First Quarter of 2020.
Closeup view reveals flood water barricade around Tech City
As seen from the above close up photo, the land in the Tech City is elevated and has flood water barricade to prevent flood water from entering and to prevent land erosion. So the delay in construction of the Complex is not due to flooding but due to funding delay. It sounds better to blame mother Nature for flooding rather than funding delay. Amtronics is a private company, it has the right to keep its financial matter confidential from the public. It is true that the construction of the quantum dot producton plant has met the scheduled completion date in the Fourth Quarter as witnessed from the aerial photos. Amtronics's deal with QMC is licensing QMC's propriertary continuous flow quantum dot production technology and ensuring that QMC's micro reactors will be securely housed while QMC's obligation is to provide technological support and to ensure the reactors will be functioning perfectly. Amtronics also demands that QMC will achieve energy conversion efficiency of 15% in solar film by May 2020 as well as upgrading to the latest version afterward. Amtronics's construction of the nano Complex and the dealing with its own customers is an internal matter and is not QMC's concern. But media news dated December 5 said that the Assam government has received 196 Crore (US$27 million) from the Central Government, that will help Amtron, the State owned company and joint venture partner of Amtronics to start the "ONSITE" construction of the nano Complex soon.
December 5 news: Assam government has just received 196cr from Centre for Guwahati Smart City project: Sidhartha Bhattacharya
https://government.economictimes.indiatimes.c...a/72384488
1 Crore = US$0.142 million
Closing Thought:
Investors should not have doubt the building at the Gate belongs to Amtronics. The Tech City layout plan shows only the Common Facilities Centre, nothing else and Amtronics is the only company operating in the Tech City, so that building at the Gate cannot belong to other company cannot belong to the Tech City management. Investors should be puzzled by the ambiguous information in QMC's press releases which originated from Tony Balchin, he talked about "onsite" operation and "offsite" operation, he talked about completion of the facilities by November right on schedule and quantum dot production will begin in Q1, 2020 and he talked about "funding is in progress that will help the ONSITE work". Because there are 2 projects in Amtronics operation: One project is to deal with QMC and the Licensing Agreement and the other project which has nothing to do with QMC but is an "internal affair", it is to deal with its future sales of quantum dots and solar film. The "offsite" building at the Gate is to house the 2 reactors Amtronics ordered in June and is scheduled to produce quantum dot in Q1, 2020. The "onsite" Complex whose construction has not yet begun will deal with Amtronics's future sale of quantum dot and solar films to its OEM manufacturer customers in Solar, Display and LED Lighting applications. Tony Balchin simply blended the 2 operations together as one, that is why it is confusing. Probably Stephen Squires does not know what is happening in Amtronics's operation in the Tech City too, his knowledge is based on what Tony Balchin feeds him. With the aerial photos, shareholders are more informed than Stephen.
May be Tony Balchin has his own planned schedule, what is the point of completing the nano Complex while quantum dot production has not yet accomplished and QMC's 15% energy conversion efficiency is still in the waiting. It will take only a few months to complete the nano Complex and with minimum royalties payment to commence in January 2021, Tony Balchin is more anxious and urgent to complete the Complex than we shareholders.
The nano Complex is likely located in Block 4,5 as landscaping there has been done, may be there will be sign of construction soon.
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