QSolar Limited
CNSX : QSL

July 05, 2011 09:00 ET

QSolar Introduces New High End, Premium Range Panels for Utility Scale Applications

CALGARY, ALBERTA--(Marketwire - July 5, 2011) - QSolar Limited ("QSolar" or the "Company") (CNSX:QSL) has introduced new high end solar panels with power outputs from 260W to 300W, designed specifically to address the large scale utility solar power plant applications. These panels produce 30% higher power output in comparison to the previous highly successful 230W range.

As an example of the significance of these products, a 10MW solar power plant requires 43,000 230W panels and only 33,000 280W panels. The use of 10,000 fewer panels for the same total power requirement translates into faster installation time, fewer production components and consequently lower installation costs. An equivalent size plant, using thin film modules, having a larger size of 80W, would need 125,000 panels versus 33,000 of the QSolar 300W panels, making the installation costs and time significantly higher.

"We are excited to be in a position to address utility scale applications with the introduction of our high end solar panels. QSolar has significantly reduced the cost per watt using our proprietary Kruciwatt and Spraytek manufacturing processes. The introduction of the high end panels further reduces the installation costs which is now the lowest achievable overall cost in the industry." Andreas Tapakoudes, President & CEO of QSolar.

QSolar profile

QSolar manufactures solar photovoltaic (PV) panels in its new manufacturing facilities in Shanghai China, as well as the contracted manufacturer in Shenzhen using its proprietary patent pending Spraytek process and its own designs. QSolar products were introduced in July 2010 and have attracted significant interest, orders and letters of intent from European and U.S. markets. 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 and longer life and cost less than equivalent products. In addition, 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.

QSolar commenced trading on the Canadian National Stock Exchange (CNSX) under 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 41,000,000

Contact Information

  • QSolar Limited
    Andreas Tapakoudes
    President & CEO
    403-775-1266
    403-770-8436 (FAX)
    info@QSolar.net

    Investor Relations:
    Investor Cubed Inc.
    647-258-3311 / 888-258-3323
    info@investor3.ca