QSolar Receives Official Chinese Confirmation and Becomes Eligi

 
FSC / Press Release 
QSolar Receives Official Chinese Confirmation and Becomes Eligible For 17%
Refund on All Exports 
Calgary, Alberta CANADA, January 15, 2013 /FSC/ - QSolar Limited (QSL - CNSX) 
is pleased to announce that further to the October 9, 2012 press release
announcing QSolar (Shanghai) Photovoltaic Technology Co. Ltd. ("QSolar
Shanghai") had applied and was granted an import export licence from Chinese
customs authorities, the Corporation announces QSolar Shanghai has received
official confirmation from Chinese customs authorities that it is now eligible
for a 17% export refund on all of its export sales. The import export licence
will expire August 16, 2015, subject to renewal by QSolar Shanghai. 
QSolar Shanghai is structured as a wholly-owned limited liability subsidiary of
QSolar Ltd., which is, in turn, a wholly owned subsidiary of the Corporation.
The entity's broad business scope allows it to engage in producing,
manufacturing and assembling solar panels or photovoltaic modules and
accessories in China and the sale and exporting of those self-manufactured
products. 
This significant development means that, upon submission of export sale
documentation to Chinese customs authorities, the Corporation it is eligible for
a 17% cash refund resulting in extra margins on all of the Corporation's export
sales. 
This development is in addition to the 17 % VAT refund eligibility on Chinese
domestic sales. Any sales made in China provide eligibility of QSolar Shanghai
to collect cash amount of the 17% VAT charged to the Chinese domestic customer
on the sale. The VAT amount collected is then offset against the VAT refund pool
that is accumulated from VAT paid by QSolar Shanghai on Chinese raw material
purchases. 
Due to QSolar's unique product range, and prior to the additional incentives
described above, we continue to be able to compete successfully in the
international markets. The Corporation is in a privileged position, in that it
anticipates to enhance and increase its operating margins, have greater
flexibility in pricing of larger solar projects, and together with the TUV
certification and insurance bankability of its solar modules, has the potential
to increase its presence in the world solar panel market. 
The Corporation trades under the symbol QSL on the Canadian National Stock
Exchange ("CNSX"). 
About QSolar Limited 
QSolar Limited and its wholly-owned subsidiary, QSolar Ltd., and its
wholly-owned subsidiary, QSolar (Shanghai) Photovoltaic Technology Co. Ltd.,
develop patented and proprietary solar related processes and technologies, and
manufacturing and sell proprietary solar products. The Corporation currently
manufactures solar photovoltaic (PV) panels in its new manufacturing facilities
in Shanghai, China and in a contracted manufacturing facility in Shenzhen, China
using its proprietary patent pending Spraytek(r), Kruciwatt(r) and ESS process
and its own QLite designs. QSolar products were initially introduced by QSolar
in July 2010 and have attracted significant interest, orders and letters of
intent from European and U.S. markets generated by its sales office
representatives. QSolar Spraytek(r) 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 over existing competitors PV modules, longer life and
cost less than equivalent solar products, and are now offered in various sizes
and colors. In addition, QSolar offers solar panels with positive tolerance
which means that the customer will get a guaranteed output which can be up to 5%
more than the actual specifications. 
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 CNSX website (www.cnsx.ca) and Sedar
website (www.sedar.com) under the profile for QSolar. 
FOR FURTHER INFORMATION PLEASE CONTACT: 
Andreas Tapakoudes, Chief Executive Officer
QSolar Limited
Telephone: 011-44-7534-711-503
email: andreas@QSolar-Limited.com 
Preston J. Maddin, CFO
QSolar Limited
Telephone: 403-617-0000
email: cfo@qsolar-limited.com 
The CNSX has neither approved nor disapproved the contents of this press
release. The CNSX does not accept responsibility for the adequacy or accuracy of
this release. 
Forward-Looking Statements 
This press release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.  All statements included
in this report and the documents that we incorporate by reference, are
forward-looking statements and can generally be identified by words such as
"will," "allow," "outlook," or the negative of these terms, and other comparable
terminology. 
Various risks and other factors could cause actual results, and actual events
that occur, to differ materially from those contemplated by the forward looking
statements, such as whether QSolar Limited 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. 
To view this press release as a webpage please click on the following link:
http://www.usetdas.com/pr/qssolarjan152013.htm 
Source: QSolar Limited (CNSX: QSL)  http://www.qsolar.net
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-0- Jan/15/2013 21:30 GMT
 
 
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