SOURCE: Quantum Solar Power Corp.

February 18, 2010 15:34 ET

Quantum Solar Power Completes Interim Financing

SANTA FE, NM--(Marketwire - February 18, 2010) -  Quantum Solar Power Corp (OTCBB: QSPW), a development stage company engaged in the advancement of Next Generation solar cell technology, today announced that, pursuant to a open-ended, revolving line of credit agreement with Canadian Integrated Optics (IOM) Limited, it has completed a round of interim financing resulting in gross proceeds to the Company of $250,000.

About Quantum Solar Power Corp

Quantum Solar Power Corp has developed a "Next Generation Device" (NGD) solar cell technology. Quantum's NGD is a patent pending, functioning laboratory model that demonstrates its utility in solar power conversion without the necessity of utilizing expensive silicon semiconductor-based technologies. By relying on Quantum's NGD principle the conversion of light energy to electricity can be more than tripled over other low cost PV technologies. Accordingly, Quantum has the potential for manufacturing solar cells at significantly less cost per watt than current producers, without any limit to deployment on the terawatt scale. The Company's headquarters is located in Santa Fe, New Mexico and its web address is www.quantumsp.com.

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