IRW-Press: Qsolar Provides Update On TUV SUD And TUV SUD UL Certification Process And Reports Successfully Passing TUV SUD Factory Inspection Audit



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 providing an update pursuant to its December 17, 2013, January 7, 2014, May 13, 2014 and June 23, 2014 news releases regarding the certification process for the QSS solar module range of products currently undergoing testing in the independent TUV SUD contract laboratory in the United States. The Corporation is pleased to report positive factory audit inspection results from the factory inspection audit performed on June 9, 2014 at QSolar's manufacturing facilities in Shanghai China as part of the TUV SUD and TUV SUD UL certification procedures. QSolar has successfully passed the audit according to TUV SUD, (Jiangsu TUV Product Service Ltd., Shanghai Branch)(“TUV SUD”) inspectors.

The Corporation is also pleased to report that TUV SUD has advised management that QSolar has successfully passed 21 tests out of 38 total tests that will be performed by TUV SUD under the testing and certification process being performed in the U.S. TUV SUD has also advised the Corporation that complete testing results will be provided to QSolar as soon as practical. TUV SUD’s could not provide a definitive time estimate for completion of the testing process but did say that it would use its best effort to coordinate available U.S. personnel and laboratory resources.

Based on a few findings from TUV SUD inspectors, QSolar was provided with some recommendations for further improvement in process and production. QSolar was advised that this event has brought QSolar a big step closer towards the IEC certification according to TUV SUD inspectors. QSolar was extremely pleased that TUV SUD was able to complete this certification procedure while the U.S. certification laboratory testing continues.

“Successful completion of the Shanghai factory inspection audit by TUV SUD inspectors allows QSolar to make a big step in the overall certification process”, stated Andreas Tapakoudes, Chief Executive Officer. “ If the certification process is successfully completed, it will be the first time since the inception of solar modules some sixty years ago, that a solar panel with an innovative design in every respect, and made without glass and toxic compounds, would be certified. The Corporation has worked extremely hard to perfect the QSS family of products in order to meet the stringent requirements of the certification processes,” added Mr. Tapakoudes.

The purpose of the testing is to obtain TUV SUD UL1703 certification, CSA UL Mark, including IFE CSA audit, fire test, TUV SUD IEC61215, IEC61730 certification, and universal CB report and certificate for access for country specific certifications for the QSS 250W product family.

QSolar will continue to provide updates regarding the results of the certification process as soon as they are known.

About QSolar Limited

QSolar trades under the symbol QSL on the 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.


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  • IRW-Press
  • PR Contact
  • Tel: +43724221193011
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Posted 2014-07-11 15:22:00