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8-K - CURRENT REPORT - QUANTUM SOLAR POWER CORP. | form8k.htm |
FOR IMMEDIATE RELEASE:
QUANTUM SOLAR POWER CORP. NAMES FORMER ECOSTREAM CEO, STEVEN PLEGING, AS CEO, PRESIDENT AND DIRECTOR
VANCOUVER, BC-- (Marketwire September 26, 2011) - Quantum Solar Power Corp. (Quantum) (OTCBB: QSPW), www.quantumsp.com, the developers of a potentially disruptive photovoltaic technology, today announce the appointment of Steven J. E. Pleging as Chief Executive Officer, President & Director of Quantum Solar Power Corp., effective September 22, 2011. Pleging had been previously appointed Quantums Chairman of the Board of Directors in July 2011. Former President and CEO, Daryl Ehrmantraut will continue contributing to the success of Quantum as its Chief Operating Officer and Director, overseeing the Companys operational and administrative functions.
Mr. Ehrmantraut said, Quantums board welcomes Steven Pleging to his new role as CEO and President. We believe Stevens extensive solar industry experience and track record leading complex global organizations will guide Quantum through the next stage of corporate growth and increased shareholder value. I am personally delighted to be working with Steven in building a world class solar company.
Prior to founding TeamSolar BV, a solar energy market consultancy, Pleging served as CEO of Ecostream International BV (www.ecostream.com), one of the leading suppliers of solar power systems in Europe. There he was instrumental in growing revenues from $15M to over $160M in four years and led the companys metamorphosis from a thirty-person team in two countries to over one-hundred and sixty people in eight countries. Prior to joining Ecostream, Pleging served for over a decade as Business Line Manager for Philips Lighting Electronics division. During his tenure at Philips, he managed their entry into the solar marketplace with an innovative concept of solar inverters for the European market. Pleging received a Bachelor in Economics from HES Amsterdam.
My first priority in my new role is to increase capital investment in Quantum in order to successfully complete the next phase of our research and development, said Steven Pleging. I am excited to work with Quantums talented team to fully realize this game-changing solar industry technology.
Pleging lives in Berghem, Noord-Brabant, Netherlands and will travel between Quantums offices in Vancouver, BC, Canada and Düsseldorf, Germany.
About Quantum Solar Power Corp.
Quantum Solar Power
Corp. is developing a Next Generation Device (NGD) photovoltaic technology.
Quantums NGD 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
Quantums NGD technology has the potential to match the efficiency of
crystalline silicon PV at the cost of thin film PV. The anticipated NGD
technology is free of any rare element dependencies found in other current solar technologies. If successful, Quantum will have the
potential to create solar cells at significantly less cost per watt than current
technologies. Quantum Solar Power has offices in Vancouver, Canada and
Düsseldorf, Germany and can be found on the web at: www.quantumsp.com
Forward-Looking Statements
This news release contains
forward-looking statements regarding future events and Quantums 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 Quantums planned
technological development plan and are based on material factors and assumptions
including Quantums managements current expectations, estimates, forecasts, and
projections about the industry in which Quantum operates and the beliefs and
assumptions of Quantums 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
particular, there is no assurance that Quantum will be able to successfully
complete development of its photovoltaic technology or that the technology will
provide Quantum with the ability to create solar cells at significantly less
cost per watt than current technologies. In addition, any statements that refer
to projections of Quantums future financial performance, Quantums 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 Quantums technological development plan may not be successful,
and those risks identified in Quantums Quarterly Report on Form 10-K for the
fiscal year ended June 30, 2011. 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.
Media Contact:
Nancy Tamosaitis
Vorticom,
Inc.
212.532.2208
nancyt@vorticom.com