IRW-Press: QSolar Successfully Completes The Dubai Desert PV Solar Panel Pilot Tests And Outperforms Both Tier 1 Manufacturers Panels



Published on 24 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 report that it has now received the technical report from TUV SUD Certification and Testing (China) Co., Ltd. on the completed tests in the Dubai pilot installation, pursuant to its November 12, 2013, December 11, 2013 and May 27, 2014 news releases. The Corporation’s non-certified QLX desert- ready 250 watt solar panels outperformed, under identical and extreme desert conditions, the certified solar panels of two tier 1 solar panel manufacturers, known as manufacturer A and manufacturer B, by 23.36% and 11.28% respectively. This represents a significant performance advantage of QSolar’s heat sink technology (“HST”) designs and confirms the Corporation’s previous laboratory results.

The QSolar desert-ready panel confirms that any improvement in efficiency of the output of the solar panel translates into significant improvements in the economics and yields of a solar installation, especially in these extreme desert conditions. In general terms, for approximately every degree Celsius that the solar cells are cooled, this translates into 0.43% increase in overall performance. As an example, management estimates in a typically planned 100 megawatt (“MW”) installation in the region, the QLX desert-ready panels would produce an equivalent approximate output of an extra 10 gigawatt hours a year, assuming a price of $0.10 per kilowatt hour,  producing approximate additional revenue of $1 million a year, each year over 25 years, which is the estimated lifetime of the plant. Therefore, QSolar HST would produce an approximate $25 million in additional revenue under this example. This additional production from the HST when compared to existing glass panels in the region assumes the additional production efficiency over only 6 months during the summer when the temperature is extremely high.

QSolar’s laboratory results provided indications of slower heating of the desert photovoltaic (“PV”) panel in higher heat conditions than standard competitor’s glass PV solar panels. QSolar was testing its QLX desert- ready solar panels, which utilize its proprietary polymer, Spraytek99, non-glass QSS substrate, and newly developed HST to compare their performance and durability against standard glass solar panels, under extreme desert conditions. QSolar HST has been incorporated in a solar panel for the first time, and both laboratory results as well as field tests in the Dubai pilot tests confirmed the superior performance characteristics of the HST when solar panels have a cooling mechanism that prevents the cells from overheating.

As a result of this desert pilot testing, QSolar is now positioned to enter the multi-billion dollar Middle East and North Africa (collectively “MENA” countries) market with a distinct advantage, and a guaranteed solution to the problems associated with typical glass solar installations in these extreme desert conditions GTM Research and the Emirates Solar Industry Association predict an annual volume of 3.5 gigawatts (“GW”) in the MENA region’s solar market by 2015. By 2017, the demand is expected to exceed 10 GW (1 GW = 1,000 MW = 1,000,000 KW). QSolar now has a documented advantage in extreme heat and sand conditions for a very desirable market where the objective is to have an effective solution for efficiency, durability and extreme ultra-violet issues that currently degrade and discolor other manufacturers’ glass solar panels subjected to extreme heat conditions.

“The successful conclusion of this pilot will also enable introduction of the QLX desert-ready PV solar panel into certain areas of the United States such as Arizona, eastern and southern California, Nevada, New Mexico

and Texas where similar heat conditions exist as well as in the target countries of Pakistan, India and Australia,” stated Mr. Andreas Tapakoudes, Chief Executive Officer.

“The QSolar QLX desert-ready solar panels address the performance problems that standard glass solar panels have not been able to address successfully. The performance of standard glass solar panels degrade significantly under the extreme heat of the desert and performance is further reduced by numerous sand storms which cover the surface of the panels with dust or a mixture of sand and hydrocarbon micro particles in the air and settling on solar panels. The development of the Spraytek99 and ESS process by the Corporation provides QSolar with a significant design freedom over the competition, in that the elimination of the laminator enables QSolar to use a very significant variety of back sheets that address an extremely wide range of applications, while also providing superior encapsulation and protection to the solar cells compared to glass panels,” added Mr. Tapakoudes.

About TUV SUD Group

TUV SUD Certification and Testing (China) Co., Ltd., Shanghai Branch, which provided the technical report on the Dubai pilot installation is a subsidiary of the TUV SUD Group of Companies (“TUV SUD”) (www.tuv-sud.com ). TUV SUD is an international service corporation and world leader in testing and product certification, focusing on consulting, testing, certification and training. At over 800 locations, primarily in Europe, North America, Asia Pacific, TUV SUD employs approximately 20,000 staff that work to validate the safety of products of all kinds to protect humans and the environment against hazards. TUV SUD provides testing to international standards and directives that are endorsed by leading quality and safety marks. TUV SUD also issues TUV SUD product certification marks based on standards set according to internationally recognized benchmarks.

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 (http://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.


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Posted 2014-07-24 09:40:00