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Quantum Solar Power Corporation ("Quantum" QSPW 2.25, 0.00, 0.00%) announced that it has named Ms. Marjorie C. Kaplan, CPA as its new Director of Finance.
Ms. Kaplan has thirty years of experience in accounting across a broad range of industries. Her experience spans everything from startup ventures to large government entities with a focus on improving accounting processes. Ms. Kaplan is an expert at identifying accounting inefficiencies and implementing standards that maximize corporate workflow and establish best-practice principals.
Before joining Quantum, Ms. Kaplan worked as Controller for The Uptime Institute and its three subsidiary technology companies in Santa Fe, New Mexico. Previous tenures included Financial Manager for the New Mexico North Central Regional Transit District, Bureau Chief at the State of New Mexico Public Education Department and Financial Consultant for Elemetric Instruments. Ms. Kaplan's early career included financial positions in Technology, Healthcare and Non-Profit sectors. "Working in a development stage public company with Quantum's potential is an experience I'm looking forward to with great enthusiasm," said Ms. Kaplan.
Daryl Ehrmantraut, Quantum's President & CEO states "We are excited that Ms. Kaplan has joined Quantum. She brings a wealth of talent and experience adding strength to our financial management team as we build Quantum into a major player within the Alternative Energy sector."
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 Corporation
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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