Quantum Solar Power Corp. Announces the Addition of New Board Members
June 01 2010 - 10:16AM
Marketwired
Quantum Solar Power Corp ("Quantum") (OTCBB: QSPW) is pleased to
announce that it has appointed Huitt Tracey and Robert Kramer, CA,
CPA (Illinois) to its Board of Directors.
Huitt Tracey has been involved in the North American venture
capital markets for over 20 years. Serving in capacities as a
stockbroker, Director, Officer or IR consultant, he has provided
expertise to many companies in industries including advanced
technology, IP, telecommunication, bio-technology, energy and
mining. In more than a decade as an Account Executive with
brokerage firms that specialize in the corporate financing of
American and Canadian ventures, he assisted in the initial public
offering and development funding of many now well-established
companies that pioneered innovative and disruptive
technologies.
Robert Kramer has been a founder/principal of a number of
private companies offering commercial real estate financing,
venture capital and tax driven investments. He was a joint venture
partner in an enterprise that raised exploration funding for
approximately 20 Canadian mining companies. Robert has served in
senior executive and non-executive positions with public mining and
technology companies, and is presently Director and Chair of the
Audit Committee of NYSE Amex listed Metalline Mining Company. A
graduate of the University of California at Berkeley with a degree
in economics, Robert has been a member of the Canadian Institute of
Chartered Accountants and the Institute of Chartered Accountants of
British Columbia for over 35 years. He is a Registered Certified
Public Accountant in the State of Illinois and a member of the
Washington Society of Certified Public Accountants. In 2005 he was
admitted as a Fellow to The Institute of Chartered Secretaries and
Administrators.
Daryl Ehrmantraut, CEO/President of Quantum Solar, commented,
"With Mr. Tracey and Mr. Kramer joining our board, Quantum gains
their substantial expertise in corporate governance and finance.
Their experience and understanding of technology companies will be
a tremendous advantage as we move from the development stage to
commercialization. We welcome their expertise and enthusiasm as new
board members."
About Quantum Solar Power Corporation
Quantum Solar Power Corporation is developing a "Next Generation
Device" (NGD™) solar cell technology. Quantum's NGD™ is a patent
pending, laboratory model that utilizes a new approach to solar
power conversion with the potential to remove the necessity of
utilizing expensive silicon semiconductor-based technologies. We
believe Quantum's NGD™ technology has the potential to match the
efficiency of crystalline silicon PV at the cost of thin film PV.
The anticipated NGD™ technology is free of any rare-earth element
dependencies found in other current solar technologies. We believe
Quantum has the potential to create solar cells (through
manufacturing partnerships) at significantly less cost per watt
than current technology. Quantum Solar Power is headquartered in
Santa Fe, New Mexico and can be found on the web at: www.quantumsp.com
Forward-Looking Statements This news
release contains forward-looking statements regarding future events
and Quantum's future results that are subject to the safe harbors
created under the Securities Act of 1933 (the "Securities Act") and
the Securities Exchange Act of 1934 (the "Exchange Act") and
constitute "forward looking information" within the meaning of U.S.
securities laws. These statements include statements about
Quantum's planned technological development plan and are based on
material factors and assumptions including Quantum's management's
current expectations, estimates, forecasts, and projections about
the industry in which Quantum operates and the beliefs and
assumptions of Quantum's management. Words such as "expects,"
"anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates," "continues," "may," variations of
such words, and similar expressions, are intended to identify such
forward-looking statements. In addition, any statements that refer
to projections of Quantum's future financial performance, Quantum's
anticipated growth and potentials in its business and other
characterizations of future events or circumstances are
forward-looking statements. Readers are cautioned that these
forward-looking statements are only predictions and are subject to
risks, uncertainties, and assumptions that are difficult to
predict, including the risk that Quantum's technological
development plan may not be successful, and those risks identified
in Quantum's Quarterly Report on Form 10-Q for the nine months
ended March 31, 2010. Therefore, actual results may differ
materially and adversely from those expressed in any
forward-looking statements. Quantum undertakes no obligation to
revise or update any forward-looking statements for any reason.
Contact: Erik Cathcart Media Relations Contact Quantum
Solar Power Corp. 3900 Paseo Del Sol Santa Fe, NM 87507
eoc@quantumsp.com +1 (505) 216-0725
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