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December 01, 2015 12:30 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of QSOLAR Limited

Company Overview

QSolar Limited, a technology company, develops, manufactures, and sells photovoltaic solar panels in Canada and internationally. It manufactures solar photovoltaic panels using its proprietary patented QSolar Spraytek technology. The company was incorporated in 1999 and is based in Calgary, Canada.

West tower

Suite 2110

250 - 5th street SW

Centennial Place

Calgary, AB T2P 0R4


Founded in 2007



Key Executives for QSOLAR Limited

Founder, Chief Executive Officer, Director and Member of Compensation Committee
Chief Financial Officer, Director and Member of Audit Committee
Age: 57
Chief Operating Officer and Sales & Marketing Director
Corporate Secretary
Compensation as of Fiscal Year 2015.

QSOLAR Limited Key Developments

QSolar Limited Announces Board Changes

The Court of Queen's Bench of Alberta issued an order appointing Messrs. William (Bill) C. MacDonald, Carel W.J. Hoyer, V.E. Dale Burstall and Karsten Busche as the Directors of QSolar Limited.

QSolar Limited Signs One Year Non-Exclusive Distribution Agreement for its Off-Grid Emerging Specialty Solar Products with Worldwide Sun LLC

QSolar Limited announced that it has signed a one year non-exclusive distribution agreement for its off-grid emerging specialty solar products with Worldwide Sun LLC, whose distribution and warehouse facility is located in metro Phoenix, Arizona. The Agreement is renewable, subject to certain terms and conditions, and performance milestones being achieved. In addition, Worldwide has now provided negotiated deposits on two initial and significant container orders to be sent to the U.S. totaling approximately USD 450,000. This significant initial order will assist in meeting and exceeding QSolar's expectations for third quarter sales as well as gross margin targets. QSolar's specialty products were developed utilizing the QSolar proprietary trade secret based Spraytek99 and ESS embedded production process and opens a wide range of new applications in the solar energy market which are proprietary, unique and leading edge. QSolar intends to use the Agreement as an initial strategic model to commence a direct sales network to distributors in the U.S. and to develop new high margin revenue streams. QSolar identified a strategic opportunity to develop specialty products where current solar mass market participants do not have cost effective technology, any products or solutions to offer. Armed with this strategy and is already in negotiations to hire a solar product marketing sales manager in the eastern U.S., to set up further distribution and direct sales networks with other potential partners for the various off-grid specialty products.

QSolar Limited Launches Unique and Proprietary Solar Box and Portable Power Plant Range of Products

QSolar Limited has completed the development, field-testing, and has commenced manufacturing of its proprietary portable SB-2 solar box. QSolar is also pleased to announce the introduction of heli-portable, skid mount or stationary HLP power plant units. The HLP power plants are available in 4KWh, 10KWh, and18KWh configurations in a self-contained durable unit to provide transportable solar, AC mains power, with sufficient capacity to run a medium size house as well as large tools, and can replace diesel generators without any fuel costs, noise, or pollution. This truly unique range of specialty products incorporates QSolar's proprietary ultra-thin, ultra-light solar panels utilizing the distinct advantages of proprietary trade secret Spraytek99 technology. The introduction of QSolar's latest products is the result and culmination of approximately five years of research and development of the Spraytek technology and processes. The SB-2 is a highly versatile, ultra-thin, ultra-light, high efficiency portable solar powered unit, designed primarily for the mass retail market. Test marketing will be undertaken initially in the U.S. market. The SB-2 is one of four solar boxes with available powers that will be offered in this specialty product range. The models in the SB specialty product range have also been designed and priced for worldwide organizations that specialize in emerging countries that have minimal or no power source. The SB solar boxes open up new applications in the emerging lucrative global solar market. Volume third party manufacturing will commence after the U.S test marketing and it is anticipated that the initial trial shipment will occur prior to the end of September 2014.

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