Company expands into new lab space, ramps up second patented continuous-flow production line, reaches QDX™ heat resistance to 260 degrees Celsius and ships QDX™ trial orders to six of the leading global display and television manufacturers
SAN MARCOS, Texas, June 25, 2015 (GLOBE NEWSWIRE) -- Quantum Materials Corp (OTCBB:QTMM) today announced that it has met target expansion of its lab and manufacturing operations on schedule in response to increased demand for the Company's recently -launched line of heat-resistant QDX™ Quantum Dots. The Company announced a planned quadrupling of its lab space in November 2014 and intent to bring a second patented continuous-flow Quantum Dot production online by June 2015 and has successfully executed upon this planned capacity expansion.
Ongoing environmental testing of the Company's new line of QDX™ Quantum Dots this week has also obtained heat resistance to 260 degrees Celsius, an important benchmark opening the implementation of Quantum Dots into new solid state lighting solutions due to the high-heat resistance required for casting Quantum Dots in the LED manufacturing process.
Interest in the Company's QDX™ Quantum Dots from display manufacturers has been high as testing has shown that QDX Quantum Dots do not degrade under exposure to the elevated temperatures typical during encapsulation in resins, silicones and other polymers. In display applications this enhancement can enable the use of lower cost protective films. To address this market need, Quantum Materials has shipped QDX™ trial orders this week to six of the leading global display manufacturers to support ongoing market-driven joint development efforts.
"Our capacity expansion has been implemented at just the right time as demand for QDX™ takes off," said Quantum Materials Founder and CEO Stephen Squires. "We recognize the hurdles required to integrate Quantum Dots into exciting new display and lighting applications and our scientists' focus on engineering the appropriate characteristics into our offerings is yielding solid and tangible results. We are particularly pleased with achieving heat resistance to 260 degrees Celsius, which not only fulfills display market demands, but also opens up the entire LED lighting market to Quantum Dot integration."
QDX™ Quantum Dots are ideal for LED lighting development because they are more stable than organic phosphors and their high heat resistance enables better LED manufacturing capability, high illumination performance, long lifetime and resistance to power spike damage. Solid-state lighting made with QDX™ LED's offer the opportunity to reduce heat sinks, remove bulky features, and bring innovative and clean form factors to the evolving lighting market.
Quantum Materials Corp will be attending the Rodman & Renshaw 17th Annual Global Investment Conference, Sept. 8 - 10, 2015 in NY, NY.
About Quantum Materials Corp
Quantum Materials Corp develops and manufactures Quantum Dots and nanomaterials for use in medical, display, solar energy and lighting applications through its patented volume production process. QMC's volume manufacturing methods enable consistent quality and scalable cost reductions to drive innovative discovery to commercial success. Quantum Materials Corp technology continues to move the future of Quantum Dots to the present. Quantum Materials' products are the foundation for technologically superior, energy efficient and environmentally sound LCD UHD displays, the next generation of solid-state lighting, solar photovoltaic power applications, advanced battery and energy storage solutions, biotech imaging, and biomedical theranostics. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable Quantum Dot solar technology. www.QMCDOTS.com
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This press release contains forward-looking statements that involve risks and uncertainties concerning 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 with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's EDGAR System at http://www.sec.gov/ or www.QMCDots.com. We hereby disclaim any obligation to publicly update the information provided above, including forward-looking statements, to reflect subsequent events or circumstances.
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Source:Quantum Materials Corp