SOURCE: Quantum Solar Power Corp.

Quantum Solar Power Corp.

August 26, 2011 18:32 ET

Quantum Solar Power Corp. Appoints Former BP Solar Executive as Corporate Development Vice President

VANCOUVER, BC--(Marketwire - Aug 26, 2011) - Quantum Solar Power Corp. ("Quantum") (OTCBB: QSPW),, is pleased to announce the appointment of Stella Guo as a Director and as Vice President of Corporate Development effective September 1, 2011. Ms. Guo will assist the Company with its operations in Asia, including, but not limited to, strategic planning, developing strategic partnerships, and facilitating agreements with Asian manufacturing partners.

Prior to joining Quantum, Ms. Guo was Regional Director for BP Solar. Named by Asia Law Business magazine as "China's Top 10 In-house Counsels," Ms. Guo held a series of management positions over the past fifteen years with British Petroleum, who benefited from her general management, business development, merger and acquisitions and corporate legal expertise. Ms. Guo holds a Master in Commercial Law from the University of Melbourne in Australia and a Bachelors in Commercial Law from SunYat-Sen University in China.

Under the terms of her Employment Agreement, Ms. Guo will receive a salary of $100,000 US per year and options to purchase 1,000,000 shares of the Company's common stock. The Agreement is for a term of one year, renewing automatically for successive one year periods, if no notice of termination has been provided.

Daryl Ehrmantraut, President and CEO of Quantum, said, "We look forward to working with Stella Guo in establishing our presence in China. China is working hard to establish itself as a major player in the solar power business. By 2020, China's government is committed to raising the share of renewable energy (excluding hydroelectric power) in the energy mix to 6%, from their current 1.5%. We believe that partnerships between Chinese companies and Quantum along with our ground breaking NGD™ technology could help Chinese solar companies achieve their ambitious goals."

About Quantum Solar Power Corp.
Quantum Solar Power Corp. is developing a "Next Generation Device" (NGD™) photovoltaic technology. Quantum's NGD™ is a patent pending, laboratory model that utilizes a new approach to solar power conversion with the potential to remove the necessity of utilizing expensive silicon semiconductor-based technologies. We believe Quantum's NGD™ technology has the potential to match the efficiency of crystalline silicon PV at the cost of thin film PV. The anticipated NGD™ technology is free of any rare element dependencies found in other current solar technologies. We believe Quantum has the potential to create solar cells (through manufacturing partnerships) at significantly less cost per watt than current technologies. Quantum Solar Power has offices in the U.S. and Canada and can be found on the web at:

Forward-Looking Statements
This news release contains forward-looking statements regarding future events and Quantum's future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act") and constitute "forward looking information" within the meaning of U.S. securities laws. These statements include statements about Quantum's planned technological development plan and are based on material factors and assumptions including Quantum's management's current expectations, estimates, forecasts, and projections about the industry in which Quantum operates and the beliefs and assumptions of Quantum's management. Words such as "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "may," variations of such words, and similar expressions, are intended to identify such forward-looking statements. In addition, any statements that refer to projections of Quantum's future financial performance, Quantum's anticipated growth and potentials in its business and other characterizations of future events or circumstances are forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict, including the risk that Quantum's technological development plan may not be successful, and those risks identified in Quantum's Quarterly Report on Form 10-Q for the fiscal quarter ended March 30, 2011. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Quantum undertakes no obligation to revise or update any forward-looking statements for any reason.

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