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Today Quantum Solar Power Corporation's ("Quantum" QSPW 2.50, 0.00, 0.00%) President & CEO Daryl Ehrmantraut announced the resignations of Robert Kramer and Huitt Tracey from the board of directors. Mr. Tracey and Mr. Kramer have been on the Board since June of this year.
Mr. Ehrmantraut stated; "Quantum remains focused on our rapidly progressing research and technology commercialization activities. We have begun the process of identifying directors to augment our board."
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.
About Quantum Solar Power
Quantum Solar Power Corporation is developing a "Next Generation Device" (NGD(TM)) solar cell technology. Quantum's NGD(TM) 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(TM) technology has the potential to match the efficiency of crystalline silicon PV at the cost of thin film PV. The anticipated NGD(TM) 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
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Media Relations Contact
Quantum Solar Power Corp.
3900 Paseo Del Sol
Santa Fe, NM 87507
+1 (505) 216-0725
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