SOURCE: Quantum Solar Power Corp.

February 19, 2010 16:53 ET

Quantum Solar Power Corporation Names New CEO

SANTA FE, NM--(Marketwire - February 19, 2010) -  Quantum Solar Power Corp (OTCBB: QSPW), a development stage company engaged in the advancement of Next Generation solar cell technology, today announced that it has named Daryl Ehrmantraut as its new President and CEO. Mr. Ehrmantraut succeeds Desmond Ross who has resigned to enable the introduction of new management who will take the company to the next level of growth and shareholder value.

Mr. Ehrmantraut brings 30 years of management experience in technology companies including four successful startups. Prior to coming to Quantum Solar, he made major contributions in transitioning startup ventures to large companies such as Sun Microsystems Canada growing from zero to 100 Million in three years. Mr. Ehrmantraut contributed to the success of Elemetric Instruments as CEO, Triton Technology Systems as President, Signalsoft Corporation as VP Worldwide Sales & Marketing, Bfound Business Unit and Osiris Systems Corporation as president. His forte is bringing new products to market. Before his transition to executive management, Ehrmantraut was responsible for software and hardware engineering functions early in his career.

As CEO of Elemetric Instruments, a company engaged in the commercialization of Los Alamos National Labs' real-time element detection technology, he executed a successful turn-around of the company's engineering development project resulting in the sale of products globally. While leading Triton Technology Systems, he reorganized all three companies into distinct entities, developing defined functional areas and redeploying resources to create a scalable organization capable of sustaining high growth rates.

"As a representative of the Quantum board, we are very pleased to be able to tap into Daryl's ability to develop strategic alliances which will be of great benefit as we roll out our new business model," states Graham Hughes, CFO and member of the board. Desmond Ross, outgoing president offers, "I have great confidence in Daryl's ability to pull together the team necessary to build a world class organization to the benefit of our customers and to increase value for our shareholders."

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.

Contact Information

  • Contact:
    Quantum Solar Power Corp.
    Media Relations
    (505) 216-0725