QSolar Limited
CNSX : QSL

May 25, 2011 09:01 ET

QSolar Introduces New Range of Colour Semi-Transparent Solar Panels

CALGARY, ALBERTA--(Marketwire - May 25, 2011) - QSolar Limited ("QSolar" or the "Company") (CNSX:QSL) today announced that it has introduced its' new Kristal and Kristal Rainbow range of semi-transparent and colour semi-transparent solar panels. Following the successful introduction of QSolar's frameless Spraytek range of solar panels, the Kristal range consists of rigid, frameless solar panels that allow light to partially pass through them. These panels will be used in building applications to replace windows, roofs, and even walls and are designed to address structural requirements while at the same time producing electricity from the sun.

Andreas Tapakoudes, President & CEO of QSolar, commented "QSolar's Kristal panels address the Building Integrated Photovoltaic Market (BIPV) which is expanding at a very rapid rate in Europe. The availability of coloured panels creates an even larger potential market for us because the Kristal panels enable architects and designers to implement a wide variety of building applications. We are pleased to have received several inquiries for the new products and anticipate that the Kristal panels will successfully address the rapidly growing BIPV opportunity."

QSolar profile

QSolar is manufacturing solar photovoltaic (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 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