Quantum Materials Corp (OTCQB:QTMM), of which Solterra Renewable Technologies is a wholly owned subsidiary, today announced it has signed an agreement with STAR Park that will quadruple the Company’s Quantum Dot production space when the new state-of-the-art lab and offices are completed on or before June 2015. The Company is also recruiting to double its scientific staff effective January 2015.
“It is extremely gratifying that our work is meeting with industry acceptance from some of the most technologically advanced companies in the world,” said Quantum Materials Founder and CEO Stephen Squires. “Our expansion demonstrates our commitment to meet the demands of next-generation television and display, solid-state lighting and solar energy manufacturers. We will be bringing to San Marcos top scientists and chemists to develop non-heavy metal tetrapod quantum dots and thick-shell technology to optimize them for each client’s purpose and to their true commercial potential.”
Wholly owned subsidiary, Solterra Renewable Technologies, develops sustainable solar technology by replacing silicon wafer-based solar cells with high-production, low-cost, efficient and flexible thin-film quantum dot solar cells produced by their parent company.
According to Solterra, Quantum Dots (Q.D.)are “mega-molecules” of semiconducting materials that are smaller than living cells. Q.D.’s interact with light in unique ways to give off different colored light or to create electrons and holes, due partly to their tiny size, partly to their shape and partly to the material from which they are made. Using proprietary technologies, Solterra will manufacture very low cost solar cells utilizing Quantum Dot Technology for less than the cost of conventional solar cells.
This post was prepared by Solar Thermal Magazine staff.