2014-04-29 15:47:38 -
Calgary, Alberta (FSCwire) - QSolar Limited (CSE:QSL, FSE:Q2O) QSolar” or the “Corporation is pleased to announce approximately 1.187 megawatts in additional new sales have been secured and booked since the last sales press release dated February 25, 2014 that announced 870 kilowatts in new sales to commence 2014. This brings current year sales to 2.056 megawatts to date and is a direct result of new sales initiatives and marketing efforts centralized out of Shanghai, China at the beginning of the year.
QSolar has secured repeat solar panel container orders of QSS 250 solar panels and other products to a current client in Pakistan destined for the Pakistan and Middle East North African MENA markets. In addition, the Shanghai sales staff
continue to sell significant sample pallet orders of our QSS 250 watt solar panels, and QSF (flexible) and specialty solar panels ranging between 10 watts to 370 watts, to new customers in Indonesia, Hong Kong and China, Germany, Australia, Switzerland, New Zealand, Canada and the United States. Solar panel product has been shipped or is currently being coordinated for shipment from inventory on hand.
QSolar has developed new sales initiatives in the mass solar panel market competing with traditional glass solar panels and the Corporation continues to develop its solar products for the emerging specialty solar panel and product market. Upon completion of TUV SUD and TUV SUD UL certifications, QSolar anticipates entering into the mass rooftop market where competition is limited due to traditional glass solar panels being too heavy for the rooftops. QSolar offers a unique and proprietary solution due to the light weight of its solar panels while being more efficient and less costly than thin film solutions currently being offered where rooftop loads will not support competitors' glass solar panels.
“QSolar is pleased to see repeat orders starting to emerge with our customers commented Andreas Tapakoudes, CEO of QSolar. “We are starting to see the benefits of consolidating our sales efforts through data mining all our sales leads via our intensified web-based campaigns. As the technology and market awareness grows, we believe we will be well positioned to utilize the unique and proprietary technology features of light weight and exceptional durability which our solar panels offer. Our solar panels are designed where roof top weight loads will not handle the weight of traditional glass panels supplied by competitors and are especially suitable in high density population areas. Our non-toxic environmentally friendly materials used in our products, combined with extremely low carbon footprint, are well positioned for providing turnkey installation solutions by QSolar and should be an attractive alternative to the market
About QSolar Limited
QSolar trades under the symbol QSL on the Canadian Securities Exchange CSE and Q2O on the Frankfurt Securities Exchange FSE.
QSolar Limited (www.qsolar.net) and its wholly-owned subsidiary, QSolar Ltd., and its wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co. Ltd., develop proprietary trade secret solar related processes and technologies, and manufacture and sell proprietary solar products. The Corporation currently manufactures solar photovoltaic (PV) panels in Shanghai, China using its proprietary trade secret Spraytek® and ESS process and its own QLite and QSS family designs. 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, significant weight savings and durability features over existing competitors PV modules.
Additional information on the operations or financial results of QSolar Limited are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.cnsx.ca) and Sedar website (www.sedar.com) under the profile for QSolar.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gary Perkins, Investor Relations Karsten Busche
Tekkfund Capital Corp. public eye Consulting – Berlin, Germany
Telephone: 416- 882-0020 Telephone: +49 30 430 589 22
Andreas Tapakoudes, Chief Executive Officer Preston J. Maddin, Chief Financial Officer
QSolar Limited QSolar Limited
Telephone: 011-44-7534-711-503 Telephone: 403-617-0000
Neither the CSE nor the FSE have approved nor disapproved the contents of this press release. Neither the CSE nor the FSE accept responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release constitute forward looking statements. The use of any of the words “anticipate “continue “estimate “expect ‘may “will “project “should ‘believe and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements are based on reasonable assumption but no assurance can be given that these expectations will prove to be correct and the forward-looking statements included in this news release should not be unduly relied upon.
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 is able to meet price, performance, quality and delivery requirements. Although QSolar believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. 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.
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Source: QSolar Limited (CSE:QSL) www.qsolar.net/
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