Quantum Materials Corporation Subsidiary Solterra Implements High Volume Quantum Dot Manufacturing Plan
By Quantum Materials Corporation, PRNEWednesday, April 21, 2010
Industrial scale amounts of quantum dots necessary to support emerging solar cell, lighting, and optoelectronic technologies
TEMPE, Arizona, April 22, 2010 - Quantum Materials Corporation (OTC Bulletin Board: QTMM) (formerly Hague
Corporation) today announced that its wholly owned subsidiary, Solterra
Renewable Technologies, Inc., has entered into a process development
agreement with a consortium of advanced chemistry companies in the
Netherlands to validate high volume production methods for its proprietary
low cost, high quality tetrapod quantum dots. This agreement is the product
of the MOU that Solterra, FutureChemistry and Flowid signed in 2009, defining
a collective output goal that supports daily production amounts that had
previously taken months or possibly years to produce.
(Logo: www.newscom.com/cgi-bin/prnh/20100422/NY91338LOGO )
The continuous flow chemistry technology developed by the consortium,
consisting of FutureChemistry Holding BV and Flowid BV, enables rapid
assessment of input parameters to control output characteristics of the
quantum dots and high parallel capacity for increased production. The unique
properties of flow chemistry offer unprecedented control over the chemical
manufacturing process. This tight quality control enables the quantum dots to
be used in specific technology applications where the unique behavior of the
quantum dots can be harnessed. Together, FutureChemistry and Flowid, both
pioneers of continuous flow chemistry and on the forefront of the "lab to
factory" concept, provide the expertise necessary to find optimal process
conditions and subsequently scale the synthesis of the quantum dots to
necessary levels. With larger quantities of quantum dots, Solterra will be
enabled to pursue its near-term goal of reaching one Gigawatt of solar cell
production.
Solterra's vision to significantly increase available solar energy
generation and to bring low cost quantum dots to the LED, display, broader
optoelectronic and biomedical research markets is enhanced by this project.
Significantly increased production volumes will enable the Company to readily
enter developing technology markets that will come to rely on a steady stream
of affordable, high quality quantum dots.
Research Director of FutureChemistry Pieter Nieuwland explains about
continuous flow chemistry: "Testing new chemical reactions is often performed
in a traditional way: step by step. With the technology of FutureChemistry
and Flowid, these reactions become full-continuous processes that we can
optimize with our software and translate to much larger reactors. This
project will be an exciting showcase for flow chemistry, and it will prove
that the technology is now reaching maturity."
Stephen Squires, Chief Executive Officer of Solterra, commented, "We are
very pleased with this collaboration and are eagerly looking forward to
fruitful efforts with both FutureChemistry and Flowid. Their leading edge
work essentially allows the Company to overcome barriers to entry of high
volume, high tech markets. The imminent ability to sell stand alone quantum
dots in large quantities at attractive pricing into various markets, while
continuing to develop breakthrough solar cell technology, undoubtedly will
generate significant revenue for Solterra, Quantum Materials Corporation and
its shareholders."
About QUANTUM MATERIALS CORPORATION
QUANTUM MATERIALS CORPORATION has a steadfast vision that advanced
technology is the solution to global issues related to cost, efficiency and
increasing energy usage. Quantum dot semiconductors enable a new level of
performance in a wide array of established consumer and industrial products,
including low cost flexible solar cells, low power lighting and displays and
biomedical research applications. Quantum Materials Corporation will
invigorate these markets through cost reduction by replacing lab based
experiments with volume manufacturing methods to establish a growing line of
innovative high performance products.
SOLTERRA RENEWABLE TECHNOLOGIES, INC. (www.solterrasolarcells.com)
is singularly positioned to lead the development of truly sustainable and
cost-effective solar technology by introducing a new dimension of cost
reduction by replacing silicon wafer-based solar cells with low-cost, highly
efficient Quantum Dot-based solar cells.
FUTURECHEMISTRY HOLDING BV translates conventional chemical reactions to
flow chemistry processes and develops its own microreactor hardware for
optimizing and screening chemical reactions. Flow chemistry equipment is
becoming an important laboratory tool for every chemist.
FLOWID BV is an engineering company specialized in advanced reactor
technology for the chemical and pharmaceutical industries. Next generation
reactor technology enables a faster and more cost-effective development of
new and improved products and production processes. Flowid has that expertise
to successful implement plants based on innovative reactor technology.
Flowid offers a fully equipped application laboratory, accessible R&D
projects and sophisticated tooling to optimize the economic benefits.
Safe Harbor statement under the Private Securities Litigation Reform Act
of 1995
This press release contains forward-looking statements that involve risks
and uncertainties concerning our business, products, and financial results.
Actual results may differ materially from the results predicted. More
information about potential risk factors that could affect our business,
products, and financial results are included in our annual report and in
reports subsequently filed by us with the Securities and Exchange Commission
("SEC"). All documents are available through the SEC's Electronic Data
Gathering Analysis and Retrieval System (EDGAR) at www.sec.gov or from our
website. We hereby disclaim any obligation to publicly update the information
provided above, including forward-looking statements, to reflect subsequent
events or circumstances.
For more information, please contact: Lauren Milner American Capital Ventures +1-305-918-7000 lm@amcapventures.com www.amcapventures.com
Lauren Milner of American Capital Ventures, +1-305-918-7000, lm at amcapventures.com
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