IRW-Press: QSolar Continues Sales Momentum At Close Of Second Quarter



Published on 11 July 2014


by Press Office

(IRW-PRESS and WireNews+Co)

Vienna, Austria

QSolar Limited (“QSolar” or the “Corporation”) (CSE:QSL, FSE:Q2O) is pleased to provide an update on sales progress at the close of the second quarter and year to date. Approximately 2.51 megawatts (“MW”) in additional new sales for the second quarter ended June 30, 2014 has been secured and booked. This represents an increase in sales of 188% in this second quarter over the Corporation’s previous first quarter. Together with the 0.87 MW sales announced for the first quarter, the Corporation has generated sales totaling 3.38 MW this year to date. All these sales have been generated from off electrical grid non-certified product and are a direct result of new sales initiatives and marketing efforts centralized out of Shanghai, China since the beginning of the year.

QSolar has been utilizing an internet pay per click advertising program since the beginning of the year, and has now seen repeat solar panel orders from customers and a noticeable increase in demand for the QSF family of flexible, ultra-thin, high efficiency solar panels. The QSF solar panels address a new range of specialty solar applications not offered by other solar manufacturers. Solar panel product has been shipped or is currently being coordinated for shipment from inventory on hand and is being sold at prices within pricing parameters commensurate with the region.

About QSolar Limited

QSolar trades under the symbol QSL on the Canadian Securities Exchange (“CSE”) and Q2O on the Frankfurt Securities Exchange (“FSE”). There are currently 73,748,912 common shares issued and outstanding.

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

Tekkfund Capital Corp.

Telephone: 416- 882-0020

Email:  garyperkins@rogers.com

Karsten Busche

Public Eye Consulting

Berlin, Germany

Telephone: +49 30 430 589 22

Email: kb@publiceye-consulting.com

Andreas Tapakoudes, Chief Executive Officer

QSolar Limited

Telephone: 011-44-7534-711-503

email: andreas@QSolar-Limited.com

Preston J. Maddin, Chief Financial Officer

QSolar Limited

Telephone: 403-617-0000

email: preston@qsolar-limited.com

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.

Forward-Looking Statements

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.


Contacts

  •  
  • Joachim Brunner
  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
  •  
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Posted 2014-07-11 09:13:00