Quantum Solar Power Corp. Has Developed a Solar Photovoltaic Technology Which Eliminates the Use of Rare Elements
14 Fevereiro 2011 - 12:00PM
Marketwired
Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW) is in the
development stages of a solar cell technology that could alter the
solar power industry's dependence on rare elements.
A rapidly growing sector of the solar cell market is thin-film
photovoltaics, so called because of their thin layers of
photovoltaic material deposited on a substrate, sometimes only
nanometers thick. Although less efficient than silicon PV (most
efficient), thin film is growing rapidly due to its lower
manufacturing costs. This growth however may be limited by the use
of exotic materials in thin-film device manufacture. Leading
thin-film devices are based upon CdTe (Cadmium Telluride) and CIGS
(Copper indium gallium selenide) technologies that utilize the rare
elements indium ($285 per kg in Jan 2009 now $530 per kg),
tellurium ($150 per kg in Jan 2010 now $295 per kg) and gallium
($450 per kg in Jan 2010 now $750 per kg). These elements are
scarce globally and critical to current thin-film production.
Current global electrical consumption is 10 terawatts (ten trillion
watts). If thin-film PV solar power is to replace fossil fuel
generated power in the future, it must be scalable to this level of
production. Given the current limits on the elements used in its
production, thin-film PV faces major challenges in its effort to
compete with conventional power generation. Additionally, thin-film
PV competes for these rare element resources with flat panel LCD
TV's and other electronics. Research suggests there may be less
than ten years supply remaining of indium alone.
Quantum believes their emerging NGD™ (Next Generation Device)
technology will provide high efficiency solar cells with prices
competitive with coal generated electricity without the use of any
rare elements. According to Quantum's Chief Technology Officer, Dr.
Andras Pattantyus-Abraham, "We are extremely excited about the
advancements we have made in the past several months. By
eliminating the semiconductor layer in conventional PV as the
primary absorber of photons, our patent-pending NGD™ would replace
the need for rare elements that limit the terawatt-scale deployment
of current photovoltaics." Daryl Ehrmantraut, Quantum's CEO,
stated, "The sophisticated quantum-level processes employed by
Quantum's NGD™ research has a real possibility to finally break
down the competitive barrier between solar power and fossil
fuels."
About Quantum Solar Power Corp. Quantum
Solar Power Corp. is a U.S. public company based in Santa Fe, New
Mexico, engaged in developing and commercializing a revolutionary
new solar power technology. Quantum NGD™ is expected to achieve
results that will realistically replace coal generated electricity
with solar power production, which is the "holy grail of the
industry." Quantum Solar Power Corp. is found on the web at:
www.quantumsp.com.
Forward-Looking Statements This news
release contains forward-looking statements regarding future events
and Quantum's 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
Quantum's planned technological development plan and are based on
material factors and assumptions including Quantum's management's
current expectations, estimates, forecasts, and projections about
the industry in which Quantum operates and the beliefs and
assumptions of Quantum's 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 addition, any statements that refer
to projections of Quantum's future financial performance, Quantum's
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 Quantum's technological
development plan may not be successful, and those risks identified
in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter
ended December 31, 2010. 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.
Investor Relations: Teatyn Enterprises, Inc. Steve McGuire
ir.@quantumsp.com (604) 574-7555 (855) 832-8961 (toll free)
www.quantumsp.com/investors Media Relations Contact: Quantum Solar
Power Corp. Erik Cathcart ejc@quantumsp.com +1 (505) 216-9780
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