Quantum Materials Corp (OTCMKTS:QTMM) is making a big move up the charts in recent days from a start point of $0.02 the stock has seen highs near $0.05 on fast accelerating volume.
The story on QTMM is all about Quantum Dots; a nanocrystal made of semiconductor materials first developed in the 1980’s. They have many uses including medical, display, solar energy and lighting applications.
Quantum Materials Corp (QMC) develops and manufactures quantum dots and nanomaterials for use in display, solar energy and lighting applications through its proprietary high-volume continuous-flow production process. QMC’s volume manufacturing methods enable consistent quality and scalable cost reductions to provide the foundation for technologically superior, energy efficient and environmentally sound displays, the next generation of solid-state lighting and solar photovoltaic power applications. Wholly-owned subsidiary Solterra Renewable Technologies develops sustainable quantum dot solar technology.
Quantum Dots are a nanocrystal made of semiconductor materials first developed in the 1980’s. They have many uses including medical, display, solar energy and lighting applications.
The Market for Quantum Dots is significant; according to a recent market research report, “Quantum Dots (QD) Market – Global Forecast & Analysis (2012 – 2022)” published by MarketsandMarkets the total market for quantum dots is expected to reach $7.48 billion by 2022, at a compound annual growth rate of 55.2% from 2012 to 2022.
QMC owns 100% of Solterra Renewable Technologies, Inc. an operating subsidiary formed in May, 2008, by current CEO Mr. Stephen Squires to develop quantum dot applications in the solar cell industry.
The Company has also developed a proprietary method that allows it to mass produce consistent quantities of quantum dots and TQDs in a continuous process at lower capital costs than other existing processes. It also has the exclusive license to a patented screen printing technique for manufacture of LED’s and OLED’s which can include quantum dot enhanced electronic displays and other electronic components.
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On March 19 QTMM announced it has received an initial $500K along with confirmation that the $500K balance payment is in process as part of the upfront license fee for the License and Development Agreement consummated with Amtronics CC. The license is the foundation for the establishment of large scale, low cost quantum dot production for the development and future commercial manufacture of: ultra-high definition display panels (UHDTV); solid state lighting (SSL) LED’s; and quantum dot driven thin-film solar cells (QDSC) in Assam, India.
The Agreement provides Amtronics CC with the right to manufacture quantum dots and thin-film quantum dot solar cells for commercial supply in India, as well as the right to use the QDX™ trademark and technical data to support its marketing initiatives. Under the terms of the Agreement, in addition to the upfront license fee, QMC will also receive technology development funding, scheduled milestone payments and royalties on all quantum dots/solar cells produced.
Initial construction has begun with the foundation test pilings now being completed and non-destructive testing now underway. The initially proposed 12,000 square foot facility has been expanded to cover 120,000 square feet and is anticipated to be completed in the fourth calendar quarter of 2019. The QMC nanotech-focused facility is being established as the anchor project within the recently announced Electronics Manufacturing Cluster in the Guwahati Tech City.
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Currently trading at a $17.5 million market valuation QTMM has $325k in the treasury and just received another $500k, rising debt and no revenues to date. But this is an exciting story developing in small caps; the Company sits at the forefront of an exciting new industry supplying Quantum Dots and tetrapod quantum dots, a high performance variant, they also own Bayer AG patent portfolio and boast a loyal shareholder base who support the stock and believes it goes higher. We will be updating on QTMM when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with QTMM.
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Disclosure: we hold no position in QTMM either long or short and we have not been compensated