CALGARY, ALBERTA--(Marketwire - June 29, 2011) - QSolar Limited ("QSolar" or the "Company") (CNSX:QSL) has received a USD $3.25M order for 2.5MW (Megawatts) of QSolar's proprietary Spraytek 79® Solar Photovoltaic (PV) Modules to provide power for the Rendata project ('the Project') in Southern Oregon. The Project will begin with the delivery of two sample houses followed by volume deliveries to start in early 2012. Completion of the entire order is subject to the Company obtaining a US Underwriters Laboratories (UL) Certification which has been filed (announced June 16, 2011). QSolar's management expects to obtain the UL Certification in fourth quarter of 2011.
The Rendata, located near Grants Pass in Southern Oregon, is developed by Ra Power & Light LLC ('RPL'). The Project will become one of the first all-solar US communities. Overall, it will utilize more than 10,000 QSolar Spraytek 79® PV Modules in 800 homes and commercial facilities. Each home will feature a 2.5kW Spraytek 79® PV system and solar domestic hot water with optional electric vehicle charging stations.
Andreas Tapakoudes, President & CEO of QSolar commented "This award represents a significant milestone, signalling rapid adoption of Spraytek 79® PV System and QSolar's emergence as a strong competitor in US and South American solar markets. We are also excited in developing our strategic alliance with Ra Power & Light as additional commercial scale projects arise in the next year or so, including wastewater treatment facilities, solar farms and commercial systems for industrial and large scale residential developments in North and South America as."
"QSolar's proprietary PV manufacturing process and engineering thought leadership position them for success and improve our competitive effectiveness as well as our ability to value-engineer solutions which map to the practical realities of how Clients use power. We're excited about QSolar's technology and the potential of this alliance in key markets" said Ra Power & Light LLC Managing Director, Michael Campbell.
About Ra Power & Light LLC:
Ra Power & Light is a Southern California based Solar Developer and leading design builder of utility-grade solar systems. They specialize in commercial facilities, process industries, manufacturing plants and custom homes. RPL covers the full spectrum of renewable energy system delivery, both in size and lifecycle, from creation of new assets to energy services that sustain and improve the performance of existing systems. RPL solutions are built on a foundation of social responsibility aimed at preventing harm to the environment while delivering reliable renewable power infrastructure to meet energy requirements for future generations.
About QSolar Limited:
QSolar manufactures solar photovoltaic (PV) panels in its manufacturing facilities in Shanghai China, as well as the contracted manufacturer in Shenzhen, using its proprietary patent pending Spraytek 79® process and its own designs. QSolar products were introduced in July 2010 and have attracted significant interest, orders and letters of intent from European and U.S. markets. QSolar Spraytek 79® 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 and longer life and cost less than equivalent products. 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.
QSolar commenced trading on the Canadian National Stock Exchange (CNSX) under the symbol QSL on March 25, 2011 through a reverse take-over of Bricol Capital Corporation. For more information on QSolar please view the Listing Statement on the CNSX website, www.cnsx.ca.
This press release contains 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. 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.