🕐03.06.14 - 16:27 Uhr

QSOLAR CONTINUES SALES MOMENTUM DURING SECOND QUARTER



QSolar Ltd.

QSolar Continues Sales Momentum During Second Quarter

 

Calgar< span style="font-family:Times New Roman; font-size:10.5pt">y, Alberta, Canada – June 3, 2014 (CSE:QSL, FSE:Q2O) – QSolar Limited (“QSolar” or the “Corporation”) is pleased to announce and provide an update on sales progress during the second quarter and year to date.

A
pproximately 1.02 megawatts (“MW”) in additional new sales for the month of May have been secured and booked since the last sales press release dated April 29, 2014 when 1.19 MW of new sales were announced for the month of April 2014 bringing total sales to 2.21 MW for this current second quarter which ends June 30, 2014. This represents an increase in sales of 154% so far this quarter over the Corporation’s previous first quarter.

Together with the 0. 87 MW sales previously announced in the press release dated February 25, 2014, the Corporation has generated sales totaling 3.08 MW year to date and is a direct result of new sales initiatives and marketing efforts centralized out of Shanghai, China since the beginning of the year.

 

QSolar has now seen repeat solar panel orders from customers and a noticeable increase in sales demand for the QSF family of f lexible, ultra-thin, high efficiency solar panels that addresses a new range of specialty solar applications not offered by other solar manufacturers.

The Shanghai sales staff has sold sample orders of our QSS 250 watt solar panels, and QSF (flexible) and specialty solar panels ranging between 10 watts to 370 watts, to new customers in Africa, United Kingdom, Indonesia, Hong Kong and China, Germany, Australia, Switzerland, New Zealand, Canada and the United States. Solar panel product has been shipped or is currently being coordinated for shipment from inventory on hand and is being sold at prices within pricing parameters commensurate with the region.

 

QSolar has developed new sales initiatives in the mass solar panel market competing with traditional glass solar panels and the Corporation continues to develop its solar products for the emerging specialty solar panel and product market. Upon completion of TUV SUD and TUV SUD UL certifications, QSolar anticipates entering and positioning into the mass rooftop market where competition is limited due to traditional glass solar panels being too heavy for the rooftops.

QSolar offers
a unique and proprietary solution due to the light weight and durability of its solar panels while being more efficient and less costly than thin film solutions currently being offered where rooftop loads will not support competitors glass solar panels.

 

“QSolar continues to make progress seeing repeat and sales orders emerging from existing and new customers” commented Preston Maddin, CFO of QSolar, “We are starting to see the benefits of consolidating our sales efforts through data mining all our sales leads via our intensified web-based campaigns.

As the technology and market awareness
continues to grow, we believe we will be well positioned to utilize the unique and proprietary technology features of light weight a nd exceptional durability which our solar panels offer.

Our solar panels are designed to suit roof top weight loads which will not handle the weight of traditional glass panels supplied by competitors. Non-toxic environmentally friendly < /span>materials used in our products, combined with extremely low carbon footprint, make our panels well positioned for providing turnkey installation solutions by QSolar and should be an attractive alternative to the market, added Mr.

Maddin.

 

About QSolar Limited

QSolar trades under the symbol QSL on the Canadian Securities Exchange (“CSE”) and Q2O on the Frankfurt Securities Exchange (“FSE”). There are currently 73,748,912 common shares issued and outstanding.

 

QSolar Limited (www.qsolar.net) and its wholly-owned subsidiary, QSolar Ltd., and its wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co.

Ltd.,
develop proprietary trade secret solar related processes and technologies, and manufacture and sell proprietary solar products.

The Corporation currently manufactures solar photovoltaic (PV) panels in Shanghai, China usin
g its pr oprietary trade secret Spraytek® and ESS process and its own QLite and QSS family designs.

QSolar Spraytek® panels offer several advantages over competing products as they have significantly lower losses in hot climates due to their design, offer superior solar cell encapsulation for better protection,
significant weight savings and durability features over existing competitors PV modules.

 

Additional information on the operations or financial results of QSolar Limited are included in reports on file with applicable securities regulatory authorities and may be accessed through the CSE website (www.cnsx.ca) and Sedar website (www.sedar. com) under the profile for QSolar.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Gary Perkins, Investor Relations                 � �                                      Karsten Busche

Tekkfund Capital Corp.                                                                       public eye Consulting – Berlin, Germany

Telephone: 416- 882-0020                                                        Telephone: +49 30 430 589 22

Email:                                                        Email: � �                          

 

 

Andreas Tapakoudes, Chief Executive Officer                            Preston J.

Maddin, Chief Financial Officer

QSolar Limited                                                                                    QSolar Limited

Telephone:  011-44-7534-711-503                                          Telephone:  403-617-0000

email:                                            email: 

 

Neither the CSE nor the FSE have approved nor disap proved the contents of this press release.

Neither the CSE nor the FSE accept
responsibility for the adequacy or accuracy of this release.

 

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.

 

Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward look ing statements, such as whether QSolar is able to meet price, performance, quality and delivery requirements.  Although QSolar believes that the expectations represented by any forward-looking statements and forward-looking information contained herein are reasonable based on the information available to them on the date of this document, management cannot assure investors that actual results, performance or achievements will be consistent with these forward-looking statements or forward-looking information. 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.< /span>

 



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