QSolar Limited

March 24, 2011 14:48 ET

QSolar Limited (Formerly Bricol Capital Corp.) Announces Listing on CNSX

CALGARY, ALBERTA--(Marketwire - March 24, 2011) - QSolar Limited, formerly Bricol Capital Corp. ("QSolar" or the "Corporation") is pleased to announce that its common shares will commence trading on the Canadian National Stock Exchange ("CNSX") at the opening of the market on Friday March 25, 2011, under the trading symbol QSL.

QSolar completed the reverse take-over of Bricol Capital Corp., a reporting issuer incorporated under the laws of the Province of Alberta, effective March 18, 2011, through the acquisition by Bricol Capital of 100% of the issued and outstanding shares of QSolar Ltd. QSolar Ltd. is a private corporation, incorporated pursuant to the laws of the United Kingdom, which holds intellectual property rights and the business operations associated with a photovoltaic ("PV") solar panel manufacturing process. On completion of the acquisition, QSolar Ltd. became a wholly-owned subsidiary of QSolar Limited.

About QSolar

QSolar holds intellectual property rights and the business operation associated with its Spraytech79 PV solar panel manufacturing process. The Spraytech79 process is a spray application process for the manufacture of PV solar panels that is an alternative to the conventional lamination process. It is anticipated that the Spraytech79 process could produce up to a 15% net cost saving for a large volume panel manufacturer.

QSolar will be implementing a fully automated integrated manufacturing line starting with solar grade silicon and a piece of glass and ending up with a complete solar module. Implementation of this fully automatic Crucible Cell- Spraytek process will enable QSolar to manufacture its Spraytek panel range at a cost significantly lower than $1/W as well as offering volume pricing for its panels for under $1/W. In view of the fact that competitive crystalline panels are selling at minimum volume prices of about $1.60/W and the world solar PV market approaching $100bn a year QSolar expects the sales of its panels to reach record levels in 2011.

Forward-Looking Statements

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. QSolar undertakes no obligation to update the information in this news release to reflect events or circumstances after the date of this release or to reflect the occurrence of anticipated or unanticipated events.

Contact Information

  • QSolar Ltd.
    Andreas Tapakoudes
    President and CEO
    (403) 775-1266
    (403) 770-8436 (FAX)