QSolar Limited

March 29, 2011 13:50 ET

Qsolar Limited Announces Record Shipments in Q4 2010

CALGARY, ALBERTA--(Marketwire - March 29, 2011) - QSolar Limited, (CNSX:QSL), ("QSolar" or the "Company") is pleased to announce that it has shipped a record number of its proprietary Spraytek Solar panels to Europe during the last quarter of 2010.

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 including various orders and letters of intent from the European and US markets.

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.

Contact Information

  • QSolar Limited
    Andreas Tapakoudes
    President and CEO
    403-770-8436 (FAX)