QSolar Limited

May 16, 2011 11:00 ET

Qsolar Files Two New International Patent Applications for Its New Kruciwatt Wafer Manufacturing Process and Low Loss Panel Design

CALGARY, ALBERTA--(Marketwire - May 16, 2011) -Qsolar Limited ("Qsolar" or the "Company") (CNSX:QSL) today announced that it has filed two new international patent applications.

Patent application # GB1107595.9 covers QSolar's new Kruciwatt solar wafer manufacturing process that will enable the Company to break the $1/W barrier and significantly enhance profitability and market penetration.

Patent application # GB1107596.7 covers QSolar's proprietary solar panel design which reduces the internal power loses in its' panels and directly increases the Company's return on investment from solar installations.

Andreas Tapakoudes, President & CEO of Qsolar, commented "QSolar management places a high priority on protecting the Company's intellectual property and as a result we are pleased to have made these applications. As an example of why this is an important step for the Company, Qsolar panels offer superior heat characteristics compared to industry standard panels resulting in 75% less loses which is significantly better performance than competing panels. The two applications bring QSolar's total number of patent filings to seven, providing the Company and its' shareholders with significant protection over its' proprietary technologies."

Qsolar profile

Qsolar is manufacturing solar PV panels under a contract manufacturing agreement in China using its proprietary patent pending Spraytek process and its own designs.

Qsolar products were introduced in July 2010 and since the introduction there has been a very significant interest, orders and letters of intent from the European market as well as the US market.

Qsolar Spraytek panels offer several advantages over competing products in that they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection and longer life and cost less than equivalent products in the market. Furthermore Qsolar offers solar panels with positive tolerance which means that the customer will get a guaranteed output which can be up to 5% more than the actual specifications. This leads to further savings as competitive products are offered with tolerances of +-3% which means that they can have up to 3% lower output than what is specified.

QSolar has started trading on the Canadian National Stock Exchange (CNSX) with the symbol QSL on March 25 2011 through a reverse take-over of Bricol Capital Corporation. For more information on QSolar please view the Listing Statement on the CNSX website, www.cnsx.ca.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report and the documents that we incorporate by reference, are forward-looking statements and can generally be identified by words such as "will," "allow," "outlook," or the negative of these terms, and other comparable terminology.

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. 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.

Shares outstanding 41,100,000

Contact Information

  • Qsolar Limited
    Andreas Tapakoudes
    President & CEO
    403-770-8436 (FAX)