CARSON CITY, Nev., Dec. 18, 2012 /PRNewswire/ -- Quantum Materials Corporation (QMC), the first manufacturer of Tetrapod Quantum Dots by a mass production continuous flow chemistry process, has been honored with Frost & Sullivan's 2012 North American Enabling Technology Award for Advanced Quantum Dot Manufacturing. QMC's "enabling technology" overcomes all quantum dot industry problems by delivering high-quality, lower-cost, and uniform quantum dots in commercial quantities for the reliable supply necessary for industrial production commitments.
"QMC is grateful for this exceptional recognition by Frost & Sullivan of our technologies, innovative manufacturing abilities, and focus to bring quantum dot commercialization forward in partnership with other advanced technology companies," stated Stephen B. Squires, Quantum Materials Corp CEO and founder. "We are developing solid working relationships with like-minded companies, exploring this new ability to go from drawing board into production years before any recent forecast has predicted it would be possible."
Frost & Sullivan rated QMC higher than competitors in all criteria, specifically highlighting QMC's low cost of manufacture, mass-production capability, potential for market acceptance, and variety of hybrid quantum dots before concluding, "QMC's QD technology is poised for large-scale adoption in diverse fields, such as lighting, displays, solar energy, sensors, optoelectronics, and flexible electronics."
Frost & Sullivan Senior Research Analyst Shyam Krishnan said, "There is no question that the future is very bright for quantum dots. Their ability to interact with photons, electrons, and chemicals to make useful energy, light or other nanoscale actions is as yet unmatched among nanoparticles. Quantum Materials Corporation's patented quantum dot synthesis that allows scalable mass production will allow them to service a multitude of industries in the near future. That is the reason they have earned the Frost & Sullivan 2012 North America Enabling Technology Award for Advanced Quantum Dot Manufacture."
Frost & Sullivan is in its 50th year in business with a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies. The company's research philosophy originates with the CEO's 360-Degree Perspective™, which serves as the foundation of its TEAM Research™ methodology. This unique approach enables us to determine how best-in-class companies worldwide manage growth, innovation and leadership.
The total market for quantum dots is expected to reach $7.48 billion by 2022, at a CAGR of 55.2 percent from 2012 to 2022 according to the market research report, "Quantum Dots Market – Global Forecast & Analysis (2012–2022)" by MarketsandMarkets.
About Quantum Materials Corporation, Inc., and Solterra Renewable Technologies, Inc.
QUANTUM MATERIALS CORPORATION (OTCQB: QTMM) has a steadfast vision that advanced technology is the solution to global issues related to cost, efficiency and increasing energy usage. Quantum dot semiconductors enable a new level of performance in a wide array of established consumer and industrial products, including low-cost flexible solar cells, low-power lighting and displays, and biomedical research applications. Quantum Materials Corporation intends to invigorate these markets through cost reduction and moving laboratory discovery to commercialization with volume manufacturing methods to establish a growing line of innovative, high-performance products (http://www.quantummaterials.us).
SOLTERRA RENEWABLE TECHNOLOGIES, INC. is singularly positioned to lead the development of truly sustainable and cost-effective solar technology by introducing a new dimension of cost reduction by replacing silicon wafer-based solar cells with high-production, low-cost, efficient Quantum Dot-based solar cells. Solterra is a wholly-owned subsidiary of QMC (http://www.solterrasolarcells.com).
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This press release contains forward-looking statements that involve risks and uncertainties concerning our 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 by us with the Securities and Exchange Commission ("SEC"). All documents are available through the SEC's Electronic Data Gathering Analysis and Retrieval System (EDGAR) at http://www.sec.gov/ or from our website. 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 Corporation