SAN MARCOS, Texas, July 28, 2015 (GLOBE NEWSWIRE) -- Quantum Materials Corp (OTCBB:QTMM) today announced a joint development agreement (JDA) with one of the world's leading manufacturers of display panels.
The companies will be working together to develop next-generation Quantum Dot-based display technologies. Research and development teams of both organizations will be working closely together to address display application challenges and generate solutions enabled through advances in Quantum Dot technology. Terms and specifics of the agreement were not disclosed.
Quantum Materials recently obtained heat resistance to 260 degrees Celsius for their QDX™ Quantum Dots, allowing for high-temperature film application and encapsulation in resins, silicones and other polymers, opening a realm of application possibilities for design engineers.
"We are honored to enter into this agreement and value our ongoing collaboration," said Quantum Materials Founder and CEO Stephen Squires. "Our partner's engineering and design teams have proven again and again their ability to develop innovative display solutions using leading-edge technologies and then bring them successfully to market. We look forward to working with them to provide the foundation with which they are developing the displays of the future."
ABOUT QUANTUM MATERIALS CORP
Quantum Materials Corp develops and manufactures Quantum Dots and nanomaterials for use in display, lighting, medical and solar energy through its patented continuous-flow production process. With more than 2,000kg of current annual production capacity, QMC's volume manufacturing methods enable consistent quality and rapid and efficient scalability. 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 theranostics. Solterra Renewable Technologies is a wholly-owned subsidiary of Quantum Materials Corp. www.QMCDOTS.com
Safe Harbor Notice
Quantum Materials Corp (OTCBB:QTMM) today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release are "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. These forward-looking statements were based on management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in Quantum Material's filings through the SEC's EDGAR System at http://www.sec.gov/.
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