CALGARY, ALBERTA — (Marketwire) — 07/14/11 — QSolar Limited (“QSolar” or the “Company”) (CNSX: QSL) is pleased to announce that shipments from its own manufacturing facilities in Shanghai, China have begun.
The first shipment of 100KW ($160,000) was shipped during the week of July 4th 2011 to Solexia Ltd., a solar installation company located in Modena, Italy, as a partial shipment of their 317KW ($500,000) order (June 14, 2011 announcement).
Andreas Tapakoudes, President & CEO of QSolar, commented, “This represents a significant milestone for the company in that we are now a fully independent manufacturing company with our own manufacturing facilities, using our own proprietary manufacturing processes, designs and quality controls. QSolar–s manufacturing facility will enable the company to significantly increase profitability and better protect our intellectual property.”
QSolar continues to increase its– production capacity in preparation of the execution of the current Letters of Intent at hand.
QSolar profile
QSolar manufactures solar photovoltaic (PV) panels in its new manufacturing facilities in Shanghai China, as well as the contracted manufacturer in Shenzhen using its proprietary patent pending Spraytek process and its own designs. QSolar products were introduced in July 2010 and have attracted significant interest, orders and letters of intent from European and U.S. markets. QSolar Spraytek panels offer several advantages over competing products as they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection and longer life and cost less than equivalent products. In addition, QSolar offers solar panels with positive tolerance which means that the customer will get a guaranteed output which can be up to 5% more than the actual specifications.
QSolar commenced trading on the Canadian National Stock Exchange (CNSX) under the symbol QSL on March 25, 2011 through a reverse take-over of Bricol Capital Corporation. For more information on QSolar please view the Listing Statement on the CNSX website, .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as “will,” “allow,” “outlook,” or the negative of these terms, and other comparable terminology.
Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements, such as whether QSolar Limited is able to meet price, performance, quality and delivery requirements. QSolar undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events.
Shares outstanding 41,000,000
Contacts:
QSolar Limited
Andreas Tapakoudes
President & CEO
403-775-1266
403-770-8436 (FAX)
Investor Relations:
Investor Cubed Inc.
647-258-3311 / 888-258-3323