QSolar Develops Desert PV Solar Panel and Commences Pilot Installation in Dubai, UAEadmin
QSolar Develops Desert PV Solar Panel and Commences Pilot Installation in Dubai, UAE
Calgary, Alberta CANADA, November 12, 2013 /FSC/ – QSolar Limited (QSL – CNSX), (“QSolar” or the “Corporation”) is pleased to announce that that it will commence a desert pilot installation in Dubai, UAE. It is expected that testing will commence at the end of this month.
QSolar will install and test its newly developed high temperature QLX desert ready photovoltaic (“PV”) solar module, as well as a standard glass module purchased from a tier 1 manufacturer, at the same location, to compare their performance under desert conditions. QSolar is currently in discussions with an independent certification body to monitor and verify the results of the planned tests to validate QSolar’s internal test results.
The success of this pilot will be instrumental in QSolar opening up the middle-east market, a very desirable market where the objective is to have an effective solution to efficiency and extreme ultra-violet issues that currently degrade and discolor glass solar panels subjected to extreme heat conditions. In addition, the PV solar market is not as sensitive to pricing as a result of a lack of performance solutions.
In spite of the multibillion dollar solar power market that has now developed in the Middle East, the performance of standard glass solar panels has not been satisfactory, in that these 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 by a mixture of sand and hydrocarbon micro particles in the air and settling on solar panels. “It is QSolar’s view that any viable solution to these severe issues will effectively provide tremendous advantage in this market. This view was reinforced during QSolar’s recent participation in the Gulfsol exhibition in Dubai this past September 2013,” stated Andreas Tapakoudes, CEO of QSolar.
“QSolar has undergone extensive development, modifications and testing of its popular QLX modules over the last few months and management believes they have found a solution to the problems created by desert conditions by incorporating into the solar module a unique feature and common practice utilized for electronic equipment that has not been applied in the solar industry. In addition to the main development of the solar panel, by utilizing this feature, the performance of solar panels is known to increase by 0.43% for every degree that the temperature is reduced. Internal tests indicate that the QLX desert ready solar panel temperature, increases at a much lower rate, compared to glass panels under identical conditions of extreme heat. This results in an overall increase in the power output of the module which in turn translates to significant additional revenue during the lifetime of the product in this extreme desert conditions. Also of great significance is the fact that QSolar’s proprietary QLX desert solar panel has no frame and therefore will not trap the dust or sand around and under the frame,” added Mr Tapakoudes.
QSolar trades under the symbol QSL on the Canadian National Stock Exchange (“CNSX”).
About QSolar Limited
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(r) and ESS process and its own QLite and QSS family designs. QSolar Spraytek(r) 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 CNSX 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
Andreas Tapakoudes, Chief Executive Officer
Preston J. Maddin, CFO
The CNSX has neither approved nor disapproved the contents of this press release. The CNSX does not 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 Limited 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 (CNSX: QSL) http://www.qsolar.net
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Posted: November 12th, 2013 under FSCWIRE.